See more : Nomura Holdings, Inc. (8604.T) 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 |
Why Is Meta Materials (MMAT) Stock Down 12% Today?
Meta Materials (NASDAQ: MMAT ) stock is falling on Wednesday after the smart materials company revealed plans for a reverse stock split. A press release from Meta Materials notes that the company plans to enact a one-for-100 reverse stock split next...
Meta Materials Announces Distribution of Series C Preferred Stock to Holders of its Common Stock
HALIFAX, NS / ACCESSWIRE / January 23, 2024 / Meta Materials Inc. (the "Company" or "META") (Nasdaq:MMAT), an advanced materials and nanotechnology company, today announced that its Board of Directors declared a distribution of one share of newly designated Series...
Meta Materials Announces 1-for-100 Reverse Stock Split to Regain Nasdaq Compliance
HALIFAX, NS / ACCESSWIRE / January 23, 2024 / Meta Materials Inc. (the "Company" or "META") (Nasdaq:MMAT), an advanced materials and nanotechnology company, today announced that it intends to effect a 1-for-100 reverse stock split ("Reverse Stock Split") of its...
Why Is Meta Materials (MMAT) Stock Up 38% Today?
Meta Materials (NASDAQ: MMAT ) stock is rocketing higher on Wednesday alongside extremely heavy trading of its shares this morning. MMAT stock is seeing major movements during pre-market hours today.
Meta Materials Announces Proposed SEC Settlement
HALIFAX, NS / ACCESSWIRE / January 11, 2024 / Meta Materials Inc. (the "Company" or "META") (Nasdaq:MMAT), an advanced materials and nanotechnology company, today announced a proposed SEC settlement. As previously disclosed, Meta Materials Inc. (the "Company") has been the...
Meta Materials Announces Proposed Class Actions Settlement
HALIFAX, NS / ACCESSWIRE / December 21, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced a proposed settlement in two class action cases, following a successful mediation. As previously disclosed,...
Meta Materials Releases Board Letter to Shareholders
HALIFAX, NS / ACCESSWIRE / December 8, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today released the following message to shareholders. From: META Board of Directors To: META Shareholders MEMO: Candid...
MMAT Stock: Meta Materials Speaks Out on Reverse Stock Split Proposal
Meta Materials' (NASDAQ: MMAT ) annual meeting of stockholders on Dec. 11 is quickly approaching. At the meeting, the votes for its reverse stock split proposal in a ratio between 1-for-5 and 1-for-35 will be revealed.
Meta Materials Clarifies Potential Impacts of Reverse Stock Split Proposal
HALIFAX, NS / ACCESSWIRE / December 5, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), an advanced materials and nanotechnology company, today provided some clarification of the potential impacts of Proposal 3: Approval of a Reverse Stock Split,...
Meta Materials Is Selling $6 Million Worth of MMAT Stock
Meta Materials (NASDAQ: MMAT ) stock is back below 10 cents after the company announced that it had agreed to sell 75 million shares of common stock for 8 cents per share and accompanying warrants to purchase 75 million shares...
Source: https://incomestatements.info
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