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Meta Materials Inc   (MMAT)
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Meta Materials Inc

MMAT's Financial Statements and Analysis



Meta Materials Inc narrowed third quarter of 2023 net loss per share of $-2.00 compare to net loss per share of $-7.00 recorded in the same quarter a year ago and improved compare to net loss per share of $-65.00 realized in previous quarter.


third quarter of 2023
Earnings Per Share Revenues
$ -2 $  2 Mill
$+5.00     Unch.     -10.42 %



Meta Materials Inc 's Revenue fell by -10.42 % in third quarter of 2023 (Sep 30 2023) year on year, to $2 million and advanced by 8.35 % sequentially.


Meta Materials Inc is Expected to report next financial results on March 22, 2024.

More on MMAT's Income Statement



Meta Materials Inc 's in thethird quarter of 2023 recorded net loss of $-8.737 million, an improvement compare to net loss of $-24.475 million in III. Quarter a year ago.

Sequentially net loss narrowed from net loss of $-293.653 million realized in previous quarter.

More on MMAT's Growth

Meta Materials Inc Inventories
Inventories declined by -55.38 % to $0.12 million from III. Quarter a year ago, sequentially inventories fell by -74.37 %. In Sep 30 2023 company's net cash and cash equivalents decreased by $-4 million


Meta Materials Inc does not pay out common stock dividend.

In trailing twelve-month period Meta Materials Inc payed $ -10.63 cash per share, on a free-cash flow basis .

Book value fell by -11.77 % sequentially to $19.53 per share, -3.45% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 8.81 per share from $ 10.23.

Company issued 0.25 million shares or 5.51 % in Sep 30 2023.


More on MMAT's Dividends

 Market Capitalization (Millions) 10
 Shares Outstanding (Millions) 5
 Total Debt (Millions $) 4
 Revenue (TTM) (Millions $) 7
 Net Income (TTM) (Millions $) -336
 Cash Flow (TTM) (Millions $) -21
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 130




Meta Materials Inc does not pay out common stock dividend.

In trailing twelve-month period Meta Materials Inc had negative $ -10.63 cash flow per share, on a free-cash flow basis .

Book value fell by -11.77 % sequentially to $19.53 per share, -3.45% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 8.81 per share from $ 10.23.

Company issued 0.25 million shares or 5.51 % in Sep 30 2023.


More on MMAT's Balance Sheets

 Market Capitalization (Millions) 10
 Shares Outstanding (Millions) 5
 Total Debt (Millions $) 4
 Revenue (TTM) (Millions $) 7
 Net Income (TTM) (Millions $) -336
 Cash Flow (TTM) (Millions $) -21
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 130
   


  News about Meta Materials Inc Earnings

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 profi...

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 ...

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 peri...


Date modified: 2024-01-30T07:44:00+00:00





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