See more : Orthocell Limited (OCC.AX) Income Statement Analysis – Financial Results
Complete financial analysis of Meta Materials Inc. (MMAT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Meta Materials Inc., a leading company in the Hardware, Equipment & Parts industry within the Technology sector.
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Meta Materials Inc. (MMAT)
About Meta Materials Inc.
Meta Materials Inc. invents, designs, develops, and manufactures various functional materials and nanocomposites. Its products include metaAIR, a laser glare protection eyewear; NANOWEB, a transparent conductive film; holoOPTIX, a holographic optical element; glucoWISE, a non-invasive glucose measurement device; and metaSURFACE, which allows an enhancement in signal to noise ratio of up to 40 times for magnetic resonance imaging scans. The company also develops and produces nano-optic structures and color-shifting foils that are used in authentication and brand protection applications in various markets, including banknotes, secure government documents, and commercial branding, as well as engages in the research, development, and manufacture of smart materials. Its customers are OEM providers in various industries, including aerospace, automotive, consumer electronics, communications, energy, banknote and brand security, and medical devices. The company was formerly known as Torchlight Energy Resources, Inc. and changed its name to Meta Materials Inc. in June 2021. Meta Materials Inc. was incorporated in 2007 and is headquartered in Dartmouth, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.84M | 10.20M | 4.08M | 1.12M | 902.41K | 1.28M | 570.50K | 354.39K | 1.63M | 5.54M | 1.30M | 1.04M | 24.15K | 0.00 | 0.00 |
| Cost of Revenue | 31.88M | 3.04M | 675.97K | 3.25K | 9.17K | 806.16K | 173.19K | 328.44K | 814.08K | 1.25M | 434.12K | 500.05K | 25.27K | 0.00 | 0.00 |
| Gross Profit | -24.04M | 7.16M | 3.41M | 1.12M | 893.24K | 476.20K | 397.31K | 25.95K | 820.23K | 4.29M | 861.38K | 537.19K | -1.12K | 0.00 | 0.00 |
| Gross Profit Ratio | -306.48% | 70.23% | 83.44% | 99.71% | 98.98% | 37.13% | 69.64% | 7.32% | 50.19% | 77.39% | 66.49% | 51.79% | -4.64% | 0.00% | 0.00% |
| Research & Development | 19.21M | 22.64M | 9.50M | 4.10M | 3.83M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 24.85M | 61.54M | 29.70M | 6.71M | 4.82M | 4.05M | 3.65M | 6.45M | 15.55M | 10.16M | 6.68M | 2.43M | 1.87M | 0.00 | 0.00 |
| Selling & Marketing | 4.35M | 6.24M | 2.27M | 1.06M | 1.13M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 31.00M | 67.79M | 31.97M | 7.77M | 5.95M | 4.05M | 3.65M | 6.45M | 15.55M | 10.16M | 6.68M | 2.43M | 1.87M | 0.00 | 0.00 |
| Other Expenses | 3.00 | 3.43M | -11.94M | -1.63M | -1.63M | 1.17M | 100.16K | 636.43K | 930.93K | 2.74M | 652.18K | 551.89K | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 3.00 | 93.86M | 41.46M | 10.25M | 8.14M | 5.23M | 3.75M | 7.08M | 16.48M | 12.89M | 7.33M | 2.98M | 1.87M | 0.00 | 0.00 |
| Cost & Expenses | 31.88M | 96.90M | 42.14M | 10.25M | 8.15M | 6.03M | 3.93M | 7.41M | 17.30M | 14.15M | 7.77M | 3.48M | 1.90M | 0.00 | 0.00 |
| Interest Income | 1.02M | 229.08K | 18.94K | 16.85K | 585.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 427.76K | 403.32K | 1.11M | 1.45M | 1.14M | 547.71K | 346.05K | 272.84K | 1.89M | 6.78M | 4.61M | 363.24K | 94.60K | 0.00 | 0.00 |
| Depreciation & Amortization | 13.52M | 10.88M | 3.93M | 2.33M | 4.39M | -508.29K | 2.78M | -353.33K | -25.70M | -424.27K | 660.06K | 12.00 | 541.00 | 0.00 | 0.00 |
| EBITDA | -401.92M | -72.38M | -46.51M | -8.43M | -5.03M | -5.26M | -573.86K | -7.41M | -41.36M | -9.03M | -5.81M | -2.45M | -1.87M | 0.00 | 0.00 |
| EBITDA Ratio | -134.70% | -756.82% | -1,139.14% | -692.14% | -522.57% | -410.09% | -100.59% | -2,091.34% | -2,530.70% | -162.95% | -448.72% | -235.77% | -7,755.27% | 0.00% | 0.00% |
| Operating Income | -24.04M | -86.70M | -38.06M | -9.13M | -7.24M | -4.75M | -3.36M | -7.06M | -15.66M | -8.60M | -6.47M | -2.45M | -1.87M | 0.00 | 0.00 |
| Operating Income Ratio | -306.48% | -849.97% | -932.22% | -813.26% | -802.79% | -370.46% | -588.22% | -1,991.64% | -958.26% | -155.29% | -499.67% | -235.78% | -7,757.51% | 0.00% | 0.00% |
| Total Other Income/Expenses | -377.54M | -1.67M | -53.79M | -1.05M | -1.28M | -100.32K | 2.34M | -626.17K | -27.59M | -7.20M | -3.95M | -363.22K | -94.60K | 0.00 | 0.00 |
| Income Before Tax | -401.58M | -84.94M | -91.85M | -11.80M | -8.53M | -5.81M | -919.91K | -7.68M | -43.25M | -15.81M | -10.42M | -2.81M | -1.97M | 0.00 | 0.00 |
| Income Before Tax Ratio | -5,120.22% | -832.70% | -2,249.82% | -1,051.96% | -945.08% | -452.81% | -161.25% | -2,168.33% | -2,646.56% | -285.32% | -804.22% | -270.79% | -8,149.19% | 0.00% | 0.00% |
| Income Tax Expense | -3.34M | -5.83M | -852.06K | -193.71K | -83.55K | 508.29K | -2.78M | 353.33K | 25.70M | 424.27K | -660.06K | -12.00 | 94.60K | 0.00 | 0.00 |
| Net Income | -398.23M | -79.10M | -91.00M | -11.61M | -8.44M | -6.31M | 1.86M | -8.04M | -68.95M | -16.23M | -9.76M | -2.81M | -2.06M | 0.00 | 0.00 |
| Net Income Ratio | -5,077.58% | -775.50% | -2,228.95% | -1,034.70% | -935.82% | -492.44% | 326.39% | -2,268.03% | -4,219.00% | -292.97% | -753.27% | -270.79% | -8,540.87% | 0.00% | 0.00% |
| EPS | -69.10 | -24.09 | -39.07 | -4.09 | -17.00 | -69.01 | -89.85 | -0.19 | -4.21 | -1.03 | -0.70 | -0.20 | -0.14 | 0.00 | 0.00 |
| EPS Diluted | -69.10 | -24.09 | -39.07 | -4.09 | -16.88 | -69.01 | -89.85 | -0.19 | -4.21 | -1.03 | -0.70 | -0.20 | -0.14 | 0.00 | 0.00 |
| Weighted Avg Shares Out | 5.76M | 3.28M | 2.33M | 2.84M | 496.76K | 91.51K | 73.84K | 43.12K | 16.37K | 15.73K | 14.02K | 14.33K | 14.29K | 14.29K | 0.00 |
| Weighted Avg Shares Out (Dil) | 5.76M | 3.28M | 2.33M | 2.84M | 500.15K | 91.51K | 73.84K | 43.12K | 16.37K | 15.73K | 14.02K | 14.33K | 14.29K | 14.29K | 0.00 |
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Meta Materials (NASDAQ: MMAT ) stock is taking a beating on Monday after the functional materials and nanocomposites company filed for Chapter 7 bankruptcy. Meta Materials notes that it only filed for Chapter 7 bankruptcy after exhausting all strategic alternatives.
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NEW YORK, NY / ACCESSWIRE / May 30, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (NASDAQ: MMAT). The settlement...
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HALIFAX, NS / ACCESSWIRE / May 20, 2024 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced an update on the short selling investigation undertaken in June of 2023.In an initial press...
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
NEW YORK, NY / ACCESSWIRE / May 16, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (NASDAQ:MMAT). The settlement provides...
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