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Meta Materials Inc   (MMAT)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 
Price: $1.9300 $0.05 2.660%
Day's High: $1.94 Week Perf: -14.98 %
Day's Low: $ 1.80 30 Day Perf: -55.43 %
Volume (M): 289 52 Wk High: $ 57.99
Volume (M$): $ 557 52 Wk Avg: $17.28
Open: $1.88 52 Wk Low: $1.80



 Market Capitalization (Millions $) 9
 Shares Outstanding (Millions) 5
 Employees 130
 Revenues (TTM) (Millions $) 7
 Net Income (TTM) (Millions $) -336
 Cash Flow (TTM) (Millions $) -21
 Capital Exp. (TTM) (Millions $) 0

Meta Materials Inc
The company has developed an intellectual property portfolio and is currently focusing on commercializing goods with a performance and price point combination that has the potential to disrupt various market sectors. Holography, lithography, and medical wireless sensing are among the platform technologies used by the company. The Companys platform solutions are powered by an underlying methodology that includes innovative materials, metamaterials, and functional surfaces. These materials contain patterned structures that influence light, heat, and electromagnetic waves in novel ways. The Companys sophisticated structural design technology and scalable production processes open the door to a wide range of commercial prospects in aerospace and military, automotive, energy, healthcare, consumer electronics, and data transmission.


   Company Address: 60 Highfield Park Drive Dartmouth 0 NS
   Company Phone Number: 482-5729   Stock Exchange / Ticker: NASDAQ MMAT
   MMAT is expected to report next financial results on March 22, 2024.


Customers recorded net loss Customers recorded net loss



• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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Meta Materials Inc

Meta Materials Inc. Reports Reduced Losses as Third Quarter 2023 Earnings Season Sees Soft Sales



As we approach the end of the financial period closing September 30, 2023, Meta Materials Inc manages to deliver positive news by mitigating losses on declining revenue. This comes as a breath of fresh air for the company, which has struggled in recent years to stabilize its financial performance.
During this period, Meta Materials Inc achieved a remarkable reduction in loss per share to $-0.02 compared to $-0.07 in the same reporting period last year. Furthermore, revenue decreased by 10.417% to $2.20 million from $2.46 million a year ago. While this decline may raise some concerns, it is important to note that the company has been successful in narrowing its losses and is moving towards profitability.

Meta Materials Inc

Meta Materials Inc.'s Financial Performance Thrives as Second Quarter 2023 Numbers Reveal Stunning Revenue Increase Despite Setbacks

Meta Materials Inc. (MMAT) has recently released its second-quarter 2023 earnings, and the results indicate a noteworthy increase in their financial performance. Despite a substantial shortfall per share of $-0.65, compared to $-0.07 the previous year, and a growth in shortfall from $-0.05 per share from the previous reporting season, the company's outlook remains bullish.
Although revenue experienced a decline of -38.908%, reducing it to $2.03 million from $3.32 million in the same reporting season a year before, there was a significant sequential increase of 43.778% from $1.41 million. These figures demonstrate that Meta Materials Inc. is adapting strategically to market conditions and is successfully responding to consumer demands, leading to an upturn in revenue generation.

Meta Materials Inc

Meta Materials Inc faces challenging Q1 with revenue decline and mounting losses

Meta Materials Inc reports Q1 2023 earnings with decline in revenue and increased lossesMeta Materials Inc (MMAT), a Canadian-based company focused on developing next-generation materials and smart materials through nanotechnology, announced its earnings for the first quarter of 2023. The company faced tough times with declining revenue and increased losses.
According to the report, MMAT's loss per share was $-0.05, compared to $-0.06 a year prior. However, the company saw a surge in losses from the previous reporting period, with the loss per share being $-0.03.
Revenue was down sharply by -52.524%, with the company reporting $1.41 million in Q1 2023, compared to $2.97 million during the same period a year prior. Sequentially, the revenue decreased by -2.315%, from $1.45 million.
The net loss for the quarter stood at $-18.669 million, larger than $-18.435 million a year ago, indicating that the company is facing significant financial strain.
Despite this setback, MMAT's management remains optimistic about the future, and CEO George Palikaras remains focused on generating valuable millimeter-wave solutions. "Our team is committed to executing our growth plan as we continue to innovate and bring new products to market," he said.
Investors will be watching MMAT closely, with the company expected to report its next earnings report on May 31, 2023. It remains to be seen what strategies the company will employ to reverse the trend of declining revenue and increasing losses.






 

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