Monitor the company's ability to secure additional financing in the coming weeks given the minimal cash balance. The subsequent private placements provide a short-term cushion, but the going concern risk remains acute. Any delay in funding or negative technology development news could accelerate downside.
Price Chart
Executive Summary
Micromem Technologies filed its Q2 2026 interim financials, reporting no revenue, a net loss of $357,754 (improved from $660,470 in Q2 2025), and cash depletion to just $28,464. The going concern warning is reiterated with a working capital deficiency of $5,784,058 and negative operating cash flow of $406,807 for the six-month period. The company remains dependent on continued financing and technology commercialization to survive.
Key Facts
- Cash balance fell to $28,464 as of April 30, 2026, from $250,148 at October 31, 2025
- Net loss for Q2 2026 was $357,754 vs $660,470 in Q2 2025; six-month loss $720,759 vs $223,018 in prior year
- Working capital deficiency widened to $5,784,058 from $5,578,407
- Convertible debentures outstanding totaled $4,630,519 with derivative liabilities of $489,098
- Subsequent to quarter end, the company raised $166,310 USD via private placements and $113,125 in new convertible debentures
- Company has no commercial revenue and is pre-revenue
Financial Impact
Cash burn of ~$407k in operating activities over six months; cash position nearly exhausted at $28k
Risk Factors
- Going concern risk with only $28k cash and $5.78M working capital deficit
- Dilution risk from continued convertible debenture conversions and warrant exercises
- Technology commercialization failure with no revenue to date
- Liquidity risk as all financial liabilities are due within one year
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001062993-26-003407 |
| Exhibit: exhibit99-2.htm | 0001062993-26-003407 |
| Exhibit: exhibit99-3.htm | 0001062993-26-003407 |
| Exhibit: exhibit99-4.htm | 0001062993-26-003407 |
| Document: form6k.htm | 0001062993-26-003407 |
| Document: 0001062993-26-003407-index-headers.html | 0001062993-26-003407 |
| Document: 0001062993-26-003407-index.html | 0001062993-26-003407 |
| Document: 0001062993-26-003407.txt | 0001062993-26-003407 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 6-K | $0.0100 | awaiting T+60 | — | $0.010000 (−0.00%) |
Jun 29, 2026 17w ago | 6-K | $0.0200 $0.0200 | · 0.00% | ▲ +3.05% | $0.010000 (+50.00%) |
Jun 23, 2026 17w ago | 6-K | $0.0200 $0.0147 | ▼ −26.50% | ▼ −29.79% | $0.010000 (−50.00%) |
Jun 1, 2026 21w ago | 6-K | $0.0100 $0.0118 | ▲ +18.00% | ▲ +16.88% | $0.010000 (−0.00%) |
May 19, 2026 22w ago | 6-K | $0.0200 $0.0120 | ▼ −40.00% | ▼ −45.00% | $0.010000 (−50.00%) |
May 11, 2026 24w ago | 6-K | $0.0200 $0.0174 | ▼ −13.00% | ▼ −17.38% | $0.010000 (−50.00%) |
Mar 30, 2026 30w ago | 6-K | $0.0200 $0.0200 | · 0.00% | ▼ −12.38% | $0.010000 (−50.00%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers