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General information

Country: UNITED STATES

Sector: Medical Devices

Micron Solutions, Inc., through its subsidiary, Micron Products, Inc., operates as a contract manufacturing organization that produces medical device components requiring precision machining and injection molding in the United States and internationally. The company also manufactures components, devices, and equipment for military, law enforcement, automotive, and consumer product applications. Its products include silver/silver chloride coated and conductive resin sensors for use as consumable component parts in integrated disposable electrophysiological sensors that are used in monitoring electrical signals in various medical applications. The company also offers orthopedic implant components; thermoplastic injection molding services; and value added services, including the design, manufacture, and rehabilitation of injection molding tools. It serves original equipment manufacturers, and other contract manufacturing organizations, as well as defense industries. The company was formerly known as Arrhythmia Research Technology, Inc. and changed its name to Micron Solutions, Inc. in March 2017. Micron Solutions, Inc. is based in Fitchburg, Massachusetts.
Website: micronsolutionsinc.com



Growth: Bad revenue growth rate -16.7%, there is slowdown compared to average historical growth rates 3.2%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +10.5%. On average the margin is decreasing unsteadily. Gross margin is low, +8.5%.

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield -74.6% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 120.7% higher than minimum and 58.5% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 1.9x by EV / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: MICR
Share price, USD:  (0.0%)1.49
year average price 1.3688  


year start price 1.5800 2023-04-29

max close price 1.8050 2023-06-08

min close price 0.6750 2023-09-19

current price 1.4900 2024-04-27
Common stocks: 1 799 151

Dividend Yield:  0.0%
FCF Yield LTM: -74.6%
EV / LTM EBITDA: 3.8x
Last revenue growth (y/y):  -16.7%
Last growth of EBITDA (y/y):  ---
Historical revenue growth:  3.2%
Historical growth of EBITDA:  ---
EV / Sales: 0.4x
Margin (EBITDA LTM / Revenue): 10.5%
Fundamental value created in LTM:
Market Cap ($m): 3
Net Debt ($m): 5
EV (Enterprise Value): 8
Price to Book: 0.7x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q1 2022 q4 2022 q3 2022 q2 2022 q1
date 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31
symbol MICR MICR MICR MICR MICR
reportedCurrency USD USD USD USD USD
cik 819 689 819 689 819 689 819 689 819 689
fillingDate 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31
acceptedDate 2023-03-31 00:00:00 2022-12-31 00:00:00 2022-09-29 20:00:00 2022-06-30 2022-03-30 20:00:00
calendarYear 2023.000 2022.000 2022.000 2022.000 2022.000
period Q1 Q4 Q3 Q2 Q1
revenue 5M 6M 6M 7M 5M
costOfRevenue 5M 5M 5M 6M 4M
grossProfit 323 686 597 169 944 900 910 141 397 312
grossProfitRatio 0.063 0.108 0.163 0.139 0.085
researchAndDevelopmentExpenses 0 0 0 0 0
generalAndAdministrativeExpenses 898 653 631 226 860 996 903 646 915 877
sellingAndMarketingExpenses 166 500 150 756 192 318 193 088 181 457
sellingGeneralAndAdministrativeExpenses 1M 781 982 1M 1M 1M
otherExpenses 0 0 0 0 0
operatingExpenses 1M 781 982 1M 1M 1M
costAndExpenses 6M 6M 6M 7M 5M
interestIncome 0 0 0 0
interestExpense 44 743 37 751 31 010 34 204 26 965
depreciationAndAmortization 216 158 236 230 172 732 219 270 225 206
ebitda -525 309 51 417 64 318 42 677 -466 816
ebitdaratio -0.101 0.009 0.011 0.007 -0.100
operatingIncome -741 467 -184 813 -108 414 -186 592 -700 022
operatingIncomeRatio -0.143 -0.033 -0.019 -0.029 -0.149
totalOtherIncomeExpensesNet -44 743 -37 751 -31 010 -24 205 -18 965
incomeBeforeTax -786 210 -222 564 -139 424 -210 797 -718 987
incomeBeforeTaxRatio -0.152 -0.040 -0.024 -0.032 -0.154
incomeTaxExpense 44 743 37 751 31 010 0 1368.000
netIncome -830 953 -260 315 -170 434 -210 797 -720 355
netIncomeRatio -0.160 -0.047 -0.029 -0.032 -0.154
eps -0.260 -0.084 -0.054 -0.070 -0.230
epsdiluted -0.260 -0.083 -0.051 -0.070 -0.230
weightedAverageShsOut 3M 3M 3M 3M 3M
weightedAverageShsOutDil 3M 3M 3M 3M 3M
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Balance Sheet Statement

Property 2023 q1 2022 q4 2022 q3 2022 q2 2022 q1
date 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31
symbol MICR MICR MICR MICR MICR
reportedCurrency USD USD USD USD USD
cik 819 689 819 689 819 689 819 689 819 689
fillingDate 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31
acceptedDate 2023-03-31 00:00:00 2022-12-31 00:00:00 2022-09-29 20:00:00 2022-06-30 2022-03-30 20:00:00
calendarYear 2023.000 2022.000 2022.000 2022.000 2022.000
period Q1 Q4 Q3 Q2 Q1
cashAndCashEquivalents 6897.000 5846.000 3342.000 4658.000 0
shortTermInvestments 0 0 0 0 0
cashAndShortTermInvestments 6897.000 5846.000 3342.000 4658.000 0
netReceivables 3M 3M 3M 3M 3M
inventory 3M 3M 3M 3M 3M
otherCurrentAssets 332 787 510 236 1.000 434 039 553 908
totalCurrentAssets 7M 7M 7M 6M 7M
propertyPlantEquipmentNet 4M 5M 5M 5M 6M
goodwill 0 0 0 0 0
intangibleAssets 0 31 091 32 406 32 436 33 835
goodwillAndIntangibleAssets 29 776 31 091 32 406 32 436 33 835
longTermInvestments 0 0 0 0 0
taxAssets 0 0 0 0 0
otherNonCurrentAssets 4660.000 4160.000 4160.000 89 160 89 160
totalNonCurrentAssets 5M 5M 5M 5M 6M
otherAssets 0 0 -2.000 0 0
totalAssets 12M 12M 12M 12M 12M
accountPayables 1M 1M 707 144 1M 707 440
shortTermDebt 3M 2M 2M 1M 1M
taxPayables 0 0 0 0 0
deferredRevenue 190 852 72 192 72 192 446 958 968 372
otherCurrentLiabilities 647 936 604 603 1M 738 205 805 627
totalCurrentLiabilities 5M 4M 4M 4M 4M
longTermDebt 3M 3M 3M 3M 3M
deferredRevenueNonCurrent 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0
otherNonCurrentLiabilities -1.000 -1.000 -4506.000 0 0
totalNonCurrentLiabilities 3M 3M 3M 3M 3M
otherLiabilities 0 0 0 0 0
capitalLeaseObligations 3M 3M 3M 3M 3M
totalLiabilities 8M 7M 7M 7M 7M
preferredStock 0 0 0 0 0
commonStock 39 265 39 265 39 265 39 265 39 265
retainedEarnings -6M -5M -5M -5M -5M
accumulatedOtherComprehensiveIncomeLoss 0 0 0 0 0
othertotalStockholdersEquity 10M 10M 10M 10M 10M
totalStockholdersEquity 4M 5M 5M 5M 5M
totalEquity 4M 5M 5M 5M 5M
totalLiabilitiesAndStockholdersEquity 12M 12M 12M 12M 12M
minorityInterest 0 0 0 0 0
totalLiabilitiesAndTotalEquity 12M 12M 12M 12M 12M
totalInvestments 0 0 0 0 0
totalDebt 5M 5M 5M 5M 5M
netDebt 5M 5M 5M 5M 5M
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Cash Flow Statement

Property 2023 q1 2022 q4 2022 q3 2022 q2 2022 q1
date 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31
symbol MICR MICR MICR MICR MICR
reportedCurrency USD USD USD USD USD
cik 819 689 819 689 819 689 819 689 819 689
fillingDate 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31
acceptedDate 2023-03-31 00:00:00 2022-12-31 00:00:00 2022-09-29 20:00:00 2022-06-30 2022-03-30 20:00:00
calendarYear 2023.000 2022.000 2022.000 2022.000 2022.000
period Q1 Q4 Q3 Q2 Q1
netIncome -786 210 -222 564 -139 424 -210 795 -720 355
depreciationAndAmortization 216 158 236 230 172 732 219 270 225 206
deferredIncomeTax 0 0 0 0 0
stockBasedCompensation 49 087 10 644 37 491 37 081 180 716
changeInWorkingCapital 538 447 -128 713 -1M 111 155 -816 650
accountsReceivables 261 965 -193 931 -79 075 -353 815 -343 612
inventory -184 477 -52 042 -290 804 510 590 -365 723
accountsPayables 213 003 412 842 -423 643 423 347 -61 608
otherWorkingCapital 247 956 -295 582 -285 568 -521 414 -9683.000
otherNonCashItems 0 13 692 6301.000 7276.000 10 904
netCashProvidedByOperatingActivities 17 482 -90 711 -1M 163 987 -1M
investmentsInPropertyPlantAndEquipment -39 382 -44 113 -45 090 -59 422 -25 489
acquisitionsNet 0 0 0 0 0
purchasesOfInvestments 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0
otherInvestingActivites 0 -85 000 85 000 10000.000 8000.000
netCashUsedForInvestingActivites -39 382 -129 113 39 910 -49 422 -17 489
debtRepayment -18 950 -18 950 0 0 0
commonStockIssued 0 0 0 0 0
commonStockRepurchased 0 0 0 0 0
dividendsPaid 0 0 0 0 0
otherFinancingActivites 41 901 163 600 960 765 -109 907 1M
netCashUsedProvidedByFinancingActivities 22 951 144 650 960 765 -109 907 1M
effectOfForexChangesOnCash 0 150 001 0 0 0
netChangeInCash 1051.000 74 827 -1316.000 -109 907 1M
cashAtEndOfPeriod 79 220 78 169 3342.000 4658.000 0
cashAtBeginningOfPeriod 78 169 3342.000 4658.000 0 13 746
operatingCashFlow 17 482 -90 711 -1M 163 987 -1M
capitalExpenditure -39 382 -44 113 -45 090 -59 422 -25 489
freeCashFlow -21 900 -134 824 -1M 104 565 -1M
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Earning call transcript

Press-releases

Show financial reports only

2024-01-04 21:25 ET
Micron Solutions, Inc. Announces Completion of Stock Splits
2023-10-31 16:46 ET
Micron Solutions, Inc. Board Announces Update to Stock Splits Process and Plan to Voluntarily Delist from OTC Markets
2023-10-03 00:16 ET
Micron Solutions, Inc. Board Announces Proposal for Stock Splits
2023-03-30 20:39 ET
Micron Solutions, Inc. Reports Fourth Quarter and Full Year 2022 Results
2022-11-14 22:02 ET
Micron Solutions, Inc. Reports Third Quarter 2022 Results
2022-08-08 20:35 ET
Micron Solutions, Inc. Reports Second Quarter 2022 Results
2022-05-16 15:28 ET
Micron Solutions, Inc. Reports First Quarter 2022 Results
2022-03-30 21:34 ET
Micron Solutions, Inc. Reports Fourth Quarter and Full Year 2021 Results, Announces Amendment to its Credit Facility and Authorizes Stock Repurchase Program
2022-01-06 18:58 ET
Micron Solutions, Inc. Announces Appointment of Martin Johnson, January 6, 2022
2021-12-07 19:17 ET
Micron Solutions, Inc. Receives $248K in Training Grant
2021-11-15 21:37 ET
Micron Solutions, Inc. Reports 2021 Third Quarter Results
2021-08-30 12:30 ET
Micron Solutions, Inc. Announces New Chief Financial Officer
2021-08-16 12:27 ET
Micron Solutions, Inc. Reports 2021 Second Quarter Results
2021-07-07 20:15 ET
Micron Solutions, Inc. Announces New $7,000,000 Credit Facility
2021-06-28 19:33 ET
Micron Solutions, Inc. Announces Resignation of CFO
2021-06-10 14:54 ET
Micron Solutions, Inc. Completes Sale-Leaseback Transaction
2021-05-17 13:47 ET
Micron Solutions, Inc. Reports 2021 First Quarter Results
2021-03-31 20:55 ET
Micron Solutions, Inc. Reports 2020 Fourth Quarter and Year End Results
2020-11-16 15:27 ET
Micron Solutions, Inc. Reports 2020 Third Quarter Results
2020-08-25 20:33 ET
Micron Solutions, Inc. Enters Sale-Leaseback Agreement
2020-08-14 14:10 ET
Micron Solutions, Inc. Reports 2020 Second Quarter Results
2020-05-15 13:59 ET
Micron Solutions, Inc. Reports 2020 First Quarter Results
2020-04-24 19:09 ET
Micron Solutions Secures $1.2 Million SBA Loan under Paycheck Protection Program Provision of CARES Act
2020-04-08 21:31 ET
Micron Solutions, Inc. Announces Voluntary Deregistration of its Common Stock
2020-03-16 21:23 ET
Micron Solutions, Inc. Announces Intention to Voluntarily Delist and Deregister its Common Stock; Financial Results for Fiscal Year End 2019
2019-11-13 22:02 ET
Micron Solutions, Inc. Reports 2019 Third Quarter Results