Last $0.46 USD
Change Today +0.0349 / 8.31%
Volume 32.2K
As of 8:10 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

micromem technologies inc (MMTIF) Snapshot

Open
$0.40
Previous Close
$0.42
Day High
$0.46
Day Low
$0.40
52 Week High
12/30/13 - $1.74
52 Week Low
09/10/13 - $0.18
Market Cap
78.9M
Average Volume 10 Days
64.9K
EPS TTM
--
Shares Outstanding
173.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MICROMEM TECHNOLOGIES INC (MMTIF)

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micromem technologies inc (MMTIF) Details

Micromem Technologies Inc. develops and commercializes customized magnetic sensor applications based on its proprietary technology for companies in various industries in North America and internationally. Its product portfolio comprises nano particle concentration sensor platform; secondary oil recovery platform using MAST nano particles; power transformer oil degradation sensor platform; integrated analytical lab on a chip in automotive oil pan plug platform; cement integrity sensor platform; fracking sensor platform; corrosion under insulation sensor platform; and sensors to analyze wear materials in lubricating fluids. The company was founded in 1969 and is headquartered in Toronto, Canada.

micromem technologies inc (MMTIF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $318.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $180.0K
Director of Business Development, Director an...
Total Annual Compensation: $231.0K
Compensation as of Fiscal Year 2013.

micromem technologies inc (MMTIF) Key Developments

Micromem Technologies Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2014

Micromem Technologies Inc. announced unaudited consolidated earnings results for the second quarter and six months ended April 30, 2014. For the quarter, the company reported loss from operations of $922,183 against $591,372 a year ago. Net loss before income taxes was $922,183 against $17,012 a year ago. Net loss and comprehensive loss was $922,183 against $17,012 a year ago. Basic and diluted loss per share was $0.01 against $0.00 a year ago. Net cash used in operating activities was $733,892 against $746,624 a year ago. Purchase of property and equipment was $6,090 against $10,495 a year ago. For the six months, the company reported loss from operations of $1,474,306 against $1,319,936 a year ago. Net loss before income taxes was $1,474,306 against $433,090 a year ago. Net loss and comprehensive loss was $1,474,306 against $433,090 a year ago. Basic and diluted loss per share was $0.01 against $0.00 a year ago. Net cash used in operating activities was $1,269,694 against $1,360,550 a year ago. Purchase of property and equipment was $15,546 against $10,495 a year ago.

Micromem Technologies Inc. Announces Manufacturing of Nanoparticle Detection Platform

Micromem Technologies Inc. through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. announced manufacturing has begun for client orders of nanoparticle detection platform (the “Detector”). This patented Detector developed by MAST, includes a magnetic nano-sieve mechanism designed to capture, from a flowing stream of oil, gas or other fluids, 20 nanometer magnetic nanoparticles on a target that is illuminated by a laser. Using patented resonance wave technology the concentration of the particles is measured to a repeatable accuracy of better than 1 part per billion. MAST has functionalized chemically the surfaces of the magnetic nanoparticles so as to respond to specific wavelengths of the laser and technology is unaffected by the opaque nature of oil and gas streams. The Detector was originally contracted by and designed for the International Oil Company for use in water flood oil well production. It has also gained traction in interwell tracer studies and most recently in environmental applications of tracking carcinogenic chemicals in groundwater. The Company maintains Intellectual Property (IP) control of the detector. The present system is designed for two modes in a lab environment. One, a cuvette mode where a small sample from a core flood analyzer effluent stream and the like can be rapidly evaluated for presence of nanoparticles, and; the other, a powerful method of operation that allows for a flow through mechanism from larger field samples. This product was designed for clients that are investigating the growing use of nanoparticles to help solve critical process and environmental problems. Also, MAST is expanding the functionality of this product by converting it for hazardous environments including direct measurement in real time on producing oil well sample lines.

Micromem Technologies Inc. Reports Consolidated Earnings Results for the First Quarter Ended January 31, 2014

Micromem Technologies Inc. reported consolidated earnings results for the first quarter ended January 31, 2014. For the quarter, the company reported loss from operations of $552,123 compared to $728,564 for the same period a year ago. Net loss before income taxes was $552,123 compared to $416,078 for the same period a year ago. Net loss and comprehensive loss was $552,123 compared to $416,078 for the same period a year ago. Net cash used in operating activities was $535,802 compared to $613,926 for the same period a year ago. Purchase of property and equipment was of $9,456.

 

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