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Micromem Technologies

CNSX:MRM
Snowflake Description

Poor track record with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MRM
CNSX
€4M
Market Cap
  1. Home
  2. CA
  3. Tech
Company description

Micromem Technologies Inc., through with its subsidiary Micromem Applied Sensor Technologies, Inc., develops customized magnetic sensor applications for companies in various industry segments based on its proprietary technology in North America. The last earnings update was 80 days ago. More info.


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  • Micromem Technologies has significant price volatility in the past 3 months.
MRM Share Price and Events
7 Day Returns
-24.6%
CNSX:MRM
1%
CA Electronic
0.7%
CA Market
1 Year Returns
-69.8%
CNSX:MRM
-23.4%
CA Electronic
-0.5%
CA Market
MRM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Micromem Technologies (MRM) -24.6% -39.7% -66.5% -69.8% -94.2% -
CA Electronic 1% -0.9% -0.3% -23.4% -11.2% -6.6%
CA Market 0.7% 2.1% 1.2% -0.5% 8% 0.7%
1 Year Return vs Industry and Market
  • MRM underperformed the Electronic industry which returned -23.4% over the past year.
  • MRM underperformed the Market in Canada which returned -0.5% over the past year.
Price Volatility
MRM
Industry
5yr Volatility vs Market

MRM Value

 Is Micromem Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether Micromem Technologies is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Micromem Technologies has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Micromem Technologies. This is due to cash flow or dividend data being unavailable. The share price is $0.01508.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Micromem Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Micromem Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:MRM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in USD $-0.01
DB:NKD Share Price ** DB (2019-09-13) in EUR €0
DB:NKD Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.107 $0
Canada Electronic Industry PE Ratio Median Figure of 6 Publicly-Listed Electronic Companies 16.01x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 14.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Micromem Technologies.

CNSX:MRM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:NKD Share Price ÷ EPS (both in USD)

= 0 ÷ -0.01

-0.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Micromem Technologies is loss making, we can't compare its value to the CA Electronic industry average.
  • Micromem Technologies is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Micromem Technologies's expected growth come at a high price?
Raw Data
CNSX:MRM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Electronic Industry PEG Ratio Median Figure of 64 Publicly-Listed Electronic Companies 1.19x
Canada Market PEG Ratio Median Figure of 247 Publicly-Listed Companies 0.93x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Micromem Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Micromem Technologies's assets?
Raw Data
CNSX:MRM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in USD $-0.01
DB:NKD Share Price * DB (2019-09-13) in EUR €0
DB:NKD Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.107 $0
Canada Electronic Industry PB Ratio Median Figure of 22 Publicly-Listed Electronic Companies 2.25x
Canada Market PB Ratio Median Figure of 2,453 Publicly-Listed Companies 1.45x
CNSX:MRM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:NKD Share Price ÷ Book Value per Share (both in USD)

= 0 ÷ -0.01

-0.01x

* Primary Listing of Micromem Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Micromem Technologies has negative assets, we can't compare the value of its assets to the CA Electronic industry average.

Next steps:

  1. Take a look at our analysis of MRM’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Micromem Technologies's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Electronic industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Micromem Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Micromem Technologies has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MRM Future Performance

 How is Micromem Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Micromem Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9%
Expected Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Micromem Technologies expected to grow at an attractive rate?
  • Unable to compare Micromem Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Micromem Technologies's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Micromem Technologies's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:MRM Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Electronic Industry Earnings Growth Rate Market Cap Weighted Average 9%
Canada Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.3%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CNSX:MRM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:MRM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-04-30 -1 -1
2019-01-31 -2 -1
2018-10-31 -1 -2
2018-07-31 -2 -4
2018-04-30 -2 -4
2018-01-31 -2 -4
2017-10-31 -3 -4
2017-07-31 -3 -4
2017-04-30 -3 -8
2017-01-31 -3 -9
2016-10-31 -3 -7
2016-07-31 -3 -10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Micromem Technologies is high growth as no earnings estimate data is available.
  • Unable to determine if Micromem Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CNSX:MRM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Micromem Technologies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:MRM Past Financials Data
Date (Data in USD Millions) EPS *
2019-04-30 -0.01
2019-01-31 0.00
2018-10-31 -0.01
2018-07-31 -0.02
2018-04-30 -0.02
2018-01-31 -0.02
2017-10-31 -0.02
2017-07-31 -0.02
2017-04-30 -0.04
2017-01-31 -0.04
2016-10-31 -0.03
2016-07-31 -0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Micromem Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of MRM’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Micromem Technologies's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. Micromem Technologies's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Micromem Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Micromem Technologies has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MRM Past Performance

  How has Micromem Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Micromem Technologies's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Micromem Technologies does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Micromem Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Micromem Technologies's 1-year growth to the CA Electronic industry average as it is not currently profitable.
Earnings and Revenue History
Micromem Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Micromem Technologies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:MRM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 -1.44 0.91 -0.23
2019-01-31 -1.18 1.15 -0.13
2018-10-31 -2.36 1.29 -0.13
2018-07-31 -3.70 1.44 -0.18
2018-04-30 -4.12 1.48 0.00
2018-01-31 -4.21 1.70 0.06
2017-10-31 -4.35 2.30 0.15
2017-07-31 -3.54 2.59 0.12
2017-04-30 -7.75 2.77 3.85
2017-01-31 -8.63 2.77 3.73
2016-10-31 -6.81 2.32 3.64
2016-07-31 -9.57 2.88 6.23
2016-04-30 -6.14 3.30 2.45
2016-01-31 -6.49 3.56 2.64
2015-10-31 -6.52 3.70 2.65
2015-07-31 -4.00 3.58 0.22
2015-04-30 -4.43 3.45 0.89
2015-01-31 -4.25 3.50 0.71
2014-10-31 -4.16 3.37 0.70
2014-07-31 -8.32 3.19 0.72
2014-04-30 -6.98 2.71 0.07
2014-01-31 -6.07 2.32 0.10
2013-10-31 -5.93 2.45 0.16
2013-07-31 0.91 2.38 0.34
2013-04-30 0.67 2.46 0.32
2013-01-31 -2.17 2.87 0.30
2012-10-31 -1.78 2.68 0.23

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Micromem Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Micromem Technologies used its assets more efficiently than the CA Electronic industry average last year based on Return on Assets.
  • It is difficult to establish if Micromem Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Micromem Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Micromem Technologies has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MRM Health

 How is Micromem Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Micromem Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Micromem Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Micromem Technologies has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Micromem Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Micromem Technologies has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Micromem Technologies Company Filings, last reported 4 months ago.

CNSX:MRM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 -3.82 2.50 0.00
2019-01-31 -4.12 2.57 0.07
2018-10-31 -3.42 2.48 0.21
2018-07-31 -4.09 2.74 0.08
2018-04-30 -4.81 2.55 0.02
2018-01-31 -5.38 2.71 0.07
2017-10-31 -3.42 2.49 0.01
2017-07-31 -5.36 4.74 0.03
2017-04-30 -5.46 4.50 0.03
2017-01-31 -6.00 4.00 0.08
2016-10-31 -3.90 3.64 0.29
2016-07-31 -3.32 2.79 0.08
2016-04-30 0.18 2.42 0.02
2016-01-31 0.79 1.95 0.16
2015-10-31 1.40 0.97 0.16
2015-07-31 3.90 0.00 0.07
2015-04-30 3.89 0.00 0.17
2015-01-31 4.79 0.00 0.34
2014-10-31 4.86 0.00 0.94
2014-07-31 3.12 0.00 1.12
2014-04-30 3.63 0.00 1.59
2014-01-31 2.77 0.00 1.72
2013-10-31 1.54 0.29 0.82
2013-07-31 0.23 0.29 0.25
2013-04-30 0.14 0.29 0.35
2013-01-31 -0.62 0.46 0.37
2012-10-31 -0.90 0.44 0.29
  • Micromem Technologies has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Micromem Technologies's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Micromem Technologies has less than a year of cash runway based on current free cash flow.
  • Micromem Technologies has less than a year of cash runway if free cash flow continues to reduce at historical rates of -26% each year.
X
Financial health checks
We assess Micromem Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Micromem Technologies has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MRM Dividends

 What is Micromem Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Micromem Technologies dividends.
If you bought $2,000 of Micromem Technologies shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Micromem Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Micromem Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CNSX:MRM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
North America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 1.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Micromem Technologies has not reported any payouts.
  • Unable to verify if Micromem Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Micromem Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Micromem Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Micromem Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Micromem Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Micromem Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MRM Management

 What is the CEO of Micromem Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joseph Fuda
COMPENSATION $15,979
AGE 58
TENURE AS CEO 17.6 years
CEO Bio

Mr. Joseph Fuda serves as the Chief Executive Officer and President at Micromem Technologies Inc. since February 13, 2002. Mr. Fuda has been the Chief Executive Officer of Echo Energy Canada Inc., since December 2008. He serves as Vice President of Leader Capital Corp. He served as Vice President of Echo Energy Inc. He served as an Executive Vice President of Echo Energy Canada Inc. and as its Vice President since May 2003. He served as Manager for Strategic Alliances of Micromem since February 2001. He served as Consultant of Micromem since November 2000. Prior thereto, he served as a Vice-President of IPO Capital Corp., since November 1998. Mr. Fuda served as President of Glendale Securities Inc., from September 1990 to November 1998. He has been Director of Echo Energy Canada Inc., since December 2008. He serves as Chairman of the Board and Director at of Echo Energy Canada Inc. He has been a Director of Micromem Technologies Inc. since February 13, 2002. He served as Director of Echo Energy Inc. since May 2001. He served as a Director of Leader Capital Corp., from 2004 to August 22, 2007. Mr. Fuda served as Director of IPO Capital Corp., since November 1998 and Glendale Securities Inc., from September 1990 to November 1998.

CEO Compensation
  • Joseph's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Joseph's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Micromem Technologies management team in years:

1.1
Average Tenure
  • The average tenure for the Micromem Technologies management team is less than 2 years, this suggests a new team.
Management Team

Joseph Fuda

TITLE
President
COMPENSATION
$16K
AGE
58
TENURE
17.6 yrs

Dan Amadori

TITLE
Chief Financial Officer
COMPENSATION
$65K
AGE
67
TENURE
15.3 yrs

June Ressler

TITLE
Consultant
TENURE
1.1 yrs

Carmine Pizzurro

TITLE
Consultant
TENURE
1.1 yrs

Robert Zittrer

TITLE
Consultant
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Micromem Technologies board of directors in years:

7.3
Average Tenure
67
Average Age
  • The tenure for the Micromem Technologies board of directors is about average.
Board of Directors

Joseph Fuda

TITLE
President
COMPENSATION
$16K
AGE
58
TENURE
17.6 yrs

Alex Dey

TITLE
Director
COMPENSATION
$6K
AGE
75
TENURE
9 yrs

Andy Brandt

TITLE
Member of Advisory Board
AGE
80
TENURE
3.7 yrs

Salvatore Fuda

TITLE
Member of Advisory Board
AGE
84
TENURE
3.4 yrs

Oliver Nepomuceno

TITLE
Director
COMPENSATION
$6K
AGE
51
TENURE
13.3 yrs

Brian Von Herzen

TITLE
Director
AGE
59
TENURE
5.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. Dec 18 Buy Diana Fuda Individual 19. Dec 18 19. Dec 18 20,000 $0.03 $670
23. Nov 18 Buy Diana Fuda Individual 20. Nov 18 20. Nov 18 50,000 $0.03 $1,510
23. Nov 18 Buy Joseph Fuda Individual 20. Nov 18 20. Nov 18 200,000 $0.03 $5,860
06. Nov 18 Buy Diana Fuda Individual 02. Nov 18 02. Nov 18 110,000 $0.03 $3,150
02. Nov 18 Buy Diana Fuda Individual 29. Oct 18 31. Oct 18 35,000 $0.03 $990
02. Nov 18 Buy Joseph Fuda Individual 02. Nov 18 02. Nov 18 150,000 $0.03 $4,525
25. Oct 18 Buy Diana Fuda Individual 22. Oct 18 25. Oct 18 87,000 $0.04 $3,314
X
Management checks
We assess Micromem Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Micromem Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MRM News

Simply Wall St News

MRM Company Info

Description

Micromem Technologies Inc., through with its subsidiary Micromem Applied Sensor Technologies, Inc., develops customized magnetic sensor applications for companies in various industry segments based on its proprietary technology in North America. The company was formerly known as Avanti Corp International Inc. and changed its name to Micromem Technologies Inc. in January 1999. Micromem Technologies Inc. was founded in 1969 and is headquartered in Toronto, Canada.

Details
Name: Micromem Technologies Inc.
MRM
Exchange: CNSX
Founded: 1969
€4,518,477
293,538,497
Website: http://www.micromeminc.com
Address: Micromem Technologies Inc.
121 Richmond Street West,
Suite 304,
Toronto,
Ontario, M5H 2K1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB NKD Common Shares Deutsche Boerse AG DE EUR 12. Jan 1999
CNSX MRM Common Shares Canadian National Stock Exchange CA USD 12. Jan 1999
Number of employees
Current staff
Staff numbers
0
Micromem Technologies employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/14 00:39
End of day share price update: 2019/09/13 00:00
Last earnings filing: 2019/06/26
Last earnings reported: 2019/04/30
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.