Meta Materials Inc.

Meta Materials Inc.

MMAT
Meta Materials Inc.US flagNASDAQ Capital Market
0.53
USD
-0.11
- -
3.52MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
0.32
0.39
1.75
3.11
1.38
1.9
Basic EPS, GAAP
-2.97
-4.09
-39.07
-24.09
-69.1
-74.98
Free Cash Flow per Basic Share
-1.96
-3.02
-20.42
-24.92
-8.78
-7.64
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
-13.12
-55.02
-63.09
-105.57
-119.43
Tangible Book Value per Share
- -
-4.71
28.06
12.34
0.68
0.27
Basic Weighted Avg Shares
3
3
2
3
6
5
Sales/Revenue/Turnover
1
1
4
10
8
10
Operating Margin (%)
-802.79
-813.26
-1,224.66
-849.97
-739.44
-468.43
Depreciation Expense
2
2
3
9
14
11
Net Income, GAAP
-8
-12
-91
-79
-398
-387
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-935.82
-1,034.7
-2,228.95
-775.5
-4,999.36
-3,939.4
Working Capital
- -
-10
40
3
-6
-8
LT Debt
- -
5
6
6
9
9
Total Equity
- -
-9
335
379
22
18
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'23
Dec'23
Mar'24
ST Debt
3
2
2
LT Borrowings
3
3
3
LT Finance Leases
6
6
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
6
6
Market Capitalization
92
29
16

Working Capital

FRC

in mil. unless spec.
Sep'23
Dec'23
Mar'24
Total Current Assets
16
17
11
Cash, Cash Equivalents & STI
9
10
6
Accounts Receivable, Net
2
1
2
Inventories
- -
- -
- -
Total Current Liabilities
17
24
19
Payables & Accruals
11
19
15
ST Debt
3
2
2
Deferred Revenue
2
2
1

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-94.21%
Free Cash Flow
- -
- -
-38.18%
Net Income, GAAP
- -
- -
403.44%
Sales/Revenue/Turnover
- -
- -
-21.91%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
3
3
2
1
10
2023
1
2
2
2
8
2024
3
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
-6.46
-6.96
-6.76
- -
-24.09
2023
-5.06
-64.85
-1.83
- -
-69.1
2024
-1.21
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Uzi Sasson
Full Time Employees
103
Sector
Technology
Industry
Hardware, Equipment & Parts
Address
1 Research Drive Dartmouth NS Canada B2Y 4M9
IPO Date
Nov 8, 2010
Business
Meta Materials Inc. (NASDAQ: MMAT), headquartered in Dartmouth, Nova Scotia, Canada, and founded in 2011, develops and manufactures high-performance functional materials and nanocomposites using advanced nanotechnology and metamaterials engineered through applied physics, AI-driven design, and proprietary nanofabrication processes including Nanoimprint Lithography, Rolling Mask Lithography (RML), ARfusion, and PLASMAfusion; its core products comprise metaAIR laser glare protection eyewear for pilots, NANOWEB transparent conductive films as alternatives to indium tin oxide and other rare materials, holoOPTIX holographic optical components, glucoWISE non-invasive blood glucose monitoring devices, NPORE ceramic nanoporous membrane separators for lithium-ion batteries, color-shifting foils and nano-optic structures for anti-counterfeiting and brand protection in banknotes and secure documents, and solutions for de-icing, de-fogging, heads-up displays, transparent antennas, and anti-reflective coatings. The company operates in the United States, Canada, and internationally, serving original equipment manufacturers across aerospace and defense, automotive, consumer electronics, 5G communications, energy including solar and batteries, medical devices, and authentication sectors with clients such as Airbus, Lockheed Martin, Dupont Teijin Films, PPG, Mitsubishi Electric, Sekisui, Samsung, and a G10 central bank. Formerly known as Torchlight Energy Resources Inc., it changed its name to Meta Materials Inc. in June 2021 following a reverse merger; recent developments include a $6.2 million purchase order from its G10 central bank customer in September 2023, a $3.4 million registered direct offering in February 2024, a 1-for-100 reverse stock split and Series C preferred stock distribution in January 2024 to address Nasdaq compliance, regaining Nasdaq listing requirements in February 2024, a workforce reduction announced in May 2024, and preliminary fourth-quarter 2023 results released in January 2024.

Company News

APIChatGPT
  • Why Is Meta Materials (MMAT) Stock Down 14% Today?

  • MMAT Stock Alert: Meta Materials Will Pay $1 Million to Settle Securities Violations

  • SEC Charges Meta Materials and Former CEOs with Market Manipulation, Fraud and Other Violations

  • Shhh! 3 Growth Stocks That Could Be the Market's Best-Kept Secrets

  • Looming Deadline - Levi & Korsinsky Encourages Shareholders of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (MMAT) to File a Share in Class Action Recovery

  • Meme Stock Madness: 3 Overcooked Stocks to Offload Now

  • Levi & Korsinsky, LLP Notifies Shareholders of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (MMAT) an Upcoming Claims Deadline in a Class Action Settlement

  • MMAT Stock Surges as Lawyers Back Up Naked Shorting Allegations

  • Meta Materials Announces Update on Naked Short Selling Investigation

  • Levi & Korsinsky, LLP Notifies Shareholders of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (MMAT) an Upcoming Claims Deadline in a Class Action Settlement

  • 3 Meme Stocks to Sell That Even Roaring Kitty Can't Save

  • Levi & Korsinsky, LLP Notifies Shareholders of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (MMAT) an Upcoming Claims Deadline in a Class Action Settlement

  • Levi & Korsinsky, LLP Notifies Shareholders of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (MMAT) an Upcoming Claims Deadline in a Class Action Settlement

  • Meta Materials Layoffs 2024: What to Know as MMAT Slashes 80% of Jobs

  • Meta Materials Announces Workforce Reduction

  • Levi & Korsinsky, LLP Notifies Shareholders of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (MMAT) an Upcoming Claims Deadline in a Class Action Settlement

  • Reverse Split Red Flags: 3 Stocks Flashing Warning Signs to Sell

  • Levi & Korsinsky, LLP Notifies Shareholders of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (MMAT) an Upcoming Claims Deadline in a Class Action Settlement

  • Levi & Korsinsky, LLP Notifies Shareholders of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. - (MMAT) an Upcoming Claims Deadline in a Class Action Settlement

  • Levi & Korsinsky, LLP Notifies Shareholders of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (MMAT) an Upcoming Claims Deadline in a Class Action Settlement