Meta Materials Inc.
OTCPK:MMAT.Q Stock Report
Meta Materials Balance Sheet Health
Financial Health criteria checks 3/6 Meta Materials has a total shareholder equity of $18.3M and total debt of $4.5M, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are $46.4M and $28.0M respectively.
Key information
24.3%
Debt to equity ratio
Interest coverage ratio n/a Cash US$6.40m Equity US$18.34m Total liabilities US$28.03m Total assets US$46.36m
Recent financial health updates Nasdaq Determines to Delist Securities of Meta Materials Nasdaq Pursuant to Listing Rules 5101, 5110(b) and IM-5101-1 Aug 15
Meta Materials Regains Compliance with Nasdaq Listing Requirements Feb 14
Meta Materials Announces 1-For-100 Reverse Stock Split To Regain Nasdaq Compliance Jan 24
Meta Materials Inc. Timely Submits a Request for a Hearing Before the Nasdaq Hearings Panel to Appeal the Staff’s Delisting Determination Dec 01
Meta Materials Receives Non-Compliance Notice From Nasdaq Sep 01
Show all updates
Meta Materials Inc.(OTCPK:MMAT.Q) dropped from NASDAQ Composite Index Aug 21 Nasdaq Determines to Delist Securities of Meta Materials Nasdaq Pursuant to Listing Rules 5101, 5110(b) and IM-5101-1 Aug 15
Meta Materials Inc.(NasdaqCM:MMAT) dropped from S&P TMI Index Aug 14
New major risk - Market cap size Aug 11
High number of new directors Aug 04 Meta Materials Inc. Announces Workforce Reduction May 06
High number of new and inexperienced directors Apr 11 Meta Materials Inc. has filed a Follow-on Equity Offering. Feb 21
Meta Materials Inc. has filed a Follow-on Equity Offering. Feb 20
Meta Materials Regains Compliance with Nasdaq Listing Requirements Feb 14
Meta Materials Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2023 Jan 28
Meta Materials Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2023 Jan 27 Meta Materials Inc. Appoints Uzi Sasson to Serve as President of the Company
Meta Materials Announces 1-For-100 Reverse Stock Split To Regain Nasdaq Compliance Jan 24 Meta Materials Inc. Proposes SEC Settlement Jan 12
New major risk - Revenue and earnings growth Jan 05
Meta Materials Inc. Announces Board Changes Dec 23
Meta Materials Announces Proposed Class Actions Settlement Dec 22
New major risk - Shareholder dilution Dec 08 George Palikaras Voluntarily Resigns as A Member of the Board of Directors of Meta Materials Inc Meta Materials Inc. has filed a Follow-on Equity Offering. Dec 06
New major risk - Share price stability Dec 05 Meta Materials Inc. has filed a Follow-on Equity Offering. Dec 04
Meta Materials Inc. Timely Submits a Request for a Hearing Before the Nasdaq Hearings Panel to Appeal the Staff’s Delisting Determination Dec 01
Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint Nov 15
Meta Materials Inc., Annual General Meeting, Dec 11, 2023 Oct 31
Meta Materials Inc. Appoints Ms. Jennifer Cheraso as Chief Human Resources Officer Oct 24
Meta Materials Inc. Announces Executive Changes Oct 18 Meta Materials Inc. Announces Executive Changes
Meta Materials Inc. Appoints Philippe Morali to Its Board of Directors Oct 11
Meta Materials Announces Favorable Ruling in Securities Class Action Lawsuit Oct 05
Meta Materials Inc. Appoints Mark Spencer as Senior Vice President of Product and Design for Its Authentication Division Sep 21 Meta Materials Inc. Announces Board and Committee Changes
Meta Materials Inc. Launches First Fully Animated Nano-Optic Banknote Security Product Sep 13 Meta Materials Inc. announced that it expects to receive $50 million in funding from Lincoln Park Capital, LLC Sep 12
Consensus revenue estimates decrease by 29% Aug 17
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Aug 10
Meta Materials Inc. Appoints Daniel "Dan" Eaton as Chief Legal Officer, Effective July 12, 2023 Jul 12
Meta Materials Inc. Appoints Daniel "Dan" Eaton as Chief Legal Officer, Effective July 12, 2023 Jul 11
Meta Materials Inc Appoints Alan Newman as Chief Product Officer for Authentication and Managing Director of the Banknote and Authentication New Business Unit Jul 06
New major risk - Revenue and earnings growth Jun 16
Forecast to breakeven in 2025 Jun 15
Meta Materials Inc. Appoints Jeff Dahn to its Scientific Advisory Board, Effective June 15, 2023 Jun 13
New minor risk - Profitability Jun 09
First quarter 2023 earnings: EPS in line with expectations, revenues disappoint May 14
Price target decreased by 33% to US$1.67 Apr 06
Consensus revenue estimates decrease by 21%, EPS upgraded Apr 05
No longer forecast to breakeven Apr 04
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Mar 24
Meta Materials Inc. Plans Global Commercial Launch of its Unique, Metamaterial Nano-Optic Technology, KolourOptik Feb 18
Meta Materials Inc. to Report Q4, 2022 Results on Mar 16, 2023 Feb 14
Automotive Solutions from Meta Materials Featured in Project Arrow At CES 2023 Jan 06
Forecast to breakeven in 2025 Dec 31
Meta Materials Inc. to Showcase Global Technology Collaborations at CES 2023 Dec 29
Price target decreased to US$2.75 Nov 16
High number of new and inexperienced directors Nov 16
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Nov 11
Meta Materials Inc. to Report Q3, 2022 Results on Nov 09, 2022 Nov 01
Meta Materials Inc., Annual General Meeting, Dec 05, 2022 Oct 27
Meta Materials Receives Attention Due To Its Oil And Gas Spinoff Oct 13
Meta Materials secures $4.3M purchase for anti-counterfeiting nano technology Sep 29
Meta Materials Receives Non-Compliance Notice From Nasdaq Sep 01
Consensus forecasts updated Aug 20
Meta Materials Inc. Announces Executive Changes Aug 19
Meta Materials Inc. Announces Board Changes Aug 18
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Aug 10
Financial Position Analysis
Short Term Liabilities: MMAT.Q's short term assets ($10.7M) do not cover its short term liabilities ($18.6M).
Long Term Liabilities: MMAT.Q's short term assets ($10.7M) exceed its long term liabilities ($9.4M).
Debt to Equity History and Analysis
Debt Level: MMAT.Q has more cash than its total debt.
Reducing Debt: MMAT.Q had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Cash Runway Analysis For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MMAT.Q has less than a year of cash runway based on its current free cash flow .
Forecast Cash Runway: MMAT.Q has less than a year of cash runway if free cash flow continues to reduce at historical rates of 38.2% each year
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