On the stock market since 2012, it operates in the world of raw materials. It has 13 employees. Now — the numbers.
The company is still in the product-building phase: its spending runs far above its sales. That only changes once the product starts selling at scale.
Red columns mark years that ended in a loss.
Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.
The stock trades 38% below its peak. The market has trimmed its expectations for the company.
There is $14.7M in the vault; even if every debt were paid off, $14.5M would remain.
A loss of $8.2M against $0 in annual sales.
This stock swings about 2.1 times as much as the market average. Big rallies — and big drops — can both happen fast.
At the current pace of spending, the cash lasts about 1.8 years. After that, the company needs to find new money.
On our five-subject report card, MGMLF sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.
The takeaway: MGMLF is a high-risk stock — not yet profitable, and its future rides on its product catching on.