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Micromem Technologies Reports Q1 2025 Financial Results: Total Assets Increase to $504,141, Liabilities Decrease to $6,314,796.
ByAinvest
Tuesday, Jun 24, 2025 8:13 am ET1min read
Micromem Technologies reports an increase in total assets from $282,713 in October 2024 to $504,141 in April 2025, while liabilities decreased from $7,005,695 to $6,314,796. The company's shareholders' deficiency decreased from $6,722,982 to $5,692,395. Despite these changes, the company faces significant financial challenges, including no revenue and high debt levels. Spark, TipRanks' AI Analyst, rates Micromem Technologies as a "Underperform" due to its financial distress and negative valuation metrics. However, a strategic collaboration project offers a positive outlook by potentially opening new markets and enhancing technological capabilities.
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