Meta Materials Inc.(MMAT) Stock Research - Grey Stern Research

Meta Materials Inc. (MMAT) Stock Analysis

$0.53 (-17.84%)

MMAT Financial Performance


Use the table below to view Meta Materials Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q1 - 2024

Metric Value Ranking among Peers
Price $0.53 -
52 Week Low $0.50 -
52 Week High $25.00 -
Market Cap $3.5 Million 10/10
Gross Margin 47% 1/10
Profit Margin -100% 10/10
EBITDA margin -143% 10/10
Q1 - 2024 Revenue $3.3 Million 9/10
Q1 - 2024 Earnings -$7.5 Million 5/10
Q1 - 2024 Free Cash Flow -$6.0 Million 8/10
Trailing 4 Quarters Revenue $9.8 Million 10/10
Trailing 4 Quarters Earnings -$387.1 Million 7/10
Quarterly Earnings Growth 60% 2/10
Annual Earnings Growth -502% 6/10
Quarterly Revenue Growth 132% 2/10
Annual Revenue Growth 71% 5/10
Cash On Hand $7.0 Million 6/10
Short Term Debt $2.8 Million 8/10
Long Term Debt $3.0 Million 7/10

Meta Materials Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Meta Materials Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE -1.00 2/10
PS 0.36 5/10
PB 0.19 8/10
PC 0.51 9/10
Liabilities to Equity 1.51 4/10
ROA -8.35 8/10
ROE -21.11 8/10
Current Ratio 1.68 6/10
Quick Ratio 0.25 5/10
Long Term Debt to Equity 0.16 5/10
Debt to Equity 0.62 3/10
Burn Rate 0.84 8/10
Cash to Cap 1.96 2/10
CCR 0.80 4/10
EV to EBITDA -1.71 4/10
EV to Revenue 0.82 5/10

Company Details

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.

CEO:

Website: https://www.metamaterial.com

Address: 1 Research Drive Dartmouth, NS

Exchange: NASDAQ Capital Market

Industry: Electronic Components

Meta Materials Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Meta Materials Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Corning Incorporated GLW $35.6 Billion
Kopin Corporation KOPN $143.8 Million
Methode Electronics, Inc. MEI $203.1 Million
LightPath Technologies, Inc. LPTH $81.1 Million
SigmaTron International, Inc. SGMA $6.5 Million
CPS Technologies Corporation CPSH $21.5 Million
Interlink Electronics, Inc. LINK $56.8 Million
Ouster, Inc. OUST $375.8 Million
Wallbox N.V. WBX $94.4 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
MMAT Income Statements
Quarter Year Revenue Earnings
Q1 2024 $ 3.3 Million -$7.5 Million
Q4 2023 $ 2.3 Million -$77.2 Million
Q3 2023 $ 2.2 Million -$8.7 Million
Q2 2023 $ 2.0 Million -$293.7 Million
Q1 2023 $ 1.4 Million -$18.7 Million
Q4 2022 $ 1.4 Million -$15.2 Million
Q3 2022 $ 2.5 Million -$24.5 Million
Q2 2022 $ 3.3 Million -$21.0 Million

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MMAT Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q1 2024 $7.0 Million $46.4 Million $11.4 Million $18.3 Million
Q4 2023 $10.3 Million $59.2 Million $12.1 Million $21.9 Million
Q3 2023 $9.2 Million $121.8 Million $11.2 Million $93.3 Million
Q2 2023 $14.0 Million $128.9 Million $10.1 Million $100.2 Million
Q1 2023 $6.0 Million $402.4 Million $8.0 Million $373.0 Million
Q4 2022 $10.1 Million $408.9 Million $7.9 Million $378.6 Million
Q3 2022 $30.6 Million $482.7 Million $6.9 Million $388.8 Million
Q2 2022 $53.6 Million $508.4 Million $7.5 Million $415.1 Million

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MMAT Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q1 2024 -$6.0 Million -$115,995 -$3.3 Million
Q4 2023 -$5.5 Million -$408,610 $111,362
Q3 2023 $473,638 $0 $473,638
Q2 2023 -$15.2 Million -$4.8 Million $7.9 Million
Q1 2023 -$17.2 Million -$1.7 Million -$5.3 Million
Q4 2022 -$21.3 Million -$7.6 Million -$19.2 Million
Q3 2022 $0 $0 $0
Q2 2022 -$17.5 Million -$7.2 Million $23.8 Million

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