Micropolis AI Robotics
MCRP · Motor Vehicle Parts & Accessories · EDGAR filings ↗
Grade
F35Pre-revenue UAE robotics developer with going-concern doubt and essentially no cash.
Strengths
- High headline gross margin (97th pct) on negligible revenue
- Government/real-estate collaboration relationships (Dubai Police, RTA)
Risks
- Going-concern opinion; pre-revenue with revenue down ~77% and net margin -171%
- Cash of ~$13K and ~0 quarters runway despite a recent small IPO
- Net losses widening ($6.1M FY2024) with no path yet to commercial production
Notable findings
- Going concernThere is substantial doubt as to whether we will continue operations
- No interest coverageInterest coverage -454.14 (cannot cover interest)
- Net lossNet loss (net margin -17143.8%)
- Cash burnNegative free cash flow (-4.1M)
- Weak liquidityCurrent ratio 0.17 (<1)
- Revenue declineRevenue -77.5% YoY
Key metrics
Gross margin
56.0%
Operating margin
-16231.9%
Net margin
-17143.8%
Return on equity
72.5%
Return on assets
-226.5%
Revenue growth (QoQ)
-77.5%
Interest coverage
-454.1×
Current ratio
0.2×
Free cash flow
-$4M
Tangible book value
-$8M
Cash & investments
$13K
Cash runway
0q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2025-05-08 | 2024-12-31 | 0001213900-25-040772 ↗ |