MMAT - Meta Materials Inc. Stock Price, Fair Value and News

2.25USD-0.03 (-1.32%)Delayed

Market Summary

USD2.25-0.03

Delayed

-1.32%

MMAT Stock Price

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MMAT RSI Chart

MMAT Valuation

Market Cap

15.1M

Price/Earnings (Trailing)

-0.04

Price/Sales (Trailing)

1.53

EV/EBITDA

-0.03

Price/Free Cashflow

-0.46

MMAT Price/Sales (Trailing)

MMAT Profitability

Operating Margin

98.62%

EBT Margin

-3970.41%

Return on Equity

-2.1K%

Return on Assets

-834.9%

Free Cashflow Yield

-216.41%

MMAT Fundamentals

MMAT Revenue

Revenue (TTM)

9.8M

Rev. Growth (Yr)

131.7%

Rev. Growth (Qtr)

40.88%

MMAT Earnings

Earnings (TTM)

-387.1M

Earnings Growth (Yr)

59.78%

Earnings Growth (Qtr)

90.27%

Breaking Down MMAT Revenue

Last 7 days

9.8%

Last 30 days

-17.3%

Last 90 days

-50.3%

Trailing 12 Months

-90.2%

How does MMAT drawdown profile look like?

MMAT Financial Health

Current Ratio

0.58

Debt/Equity

0.16

Debt/Cashflow

-11.02

MMAT Investor Care

Shares Dilution (1Y)

43.35%

Diluted EPS (TTM)

-64.38

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	9.8M	0	0	0
2023	8.6M	7.3M	7.1M	8.0M
2022	6.5M	9.2M	11.0M	10.2M
2021	1.5M	1.9M	2.2M	4.1M
2020	676.2K	649.5K	776.5K	944.3K
2019	1.1M	1.1M	1.0M	902.4K
2018	2.4M	2.0M	1.7M	1.3M
2017	171.1K	79.2K	1.4M	2.8M
2016	1.3M	884.7K	518.9K	352.4K
2015	5.3M	4.2M	2.7M	1.6M
2014	1.6M	3.1M	4.6M	5.5M
2013	1.2M	1.2M	1.3M	1.2M
2012	277.4K	530.7K	784.0K	1.0M
2011	0	24.2K	24.2K	24.2K

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

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Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

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Tracking the Latest Insider Buys and Sells of Meta Materials Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Dec 20, 2023	hannah ken	acquired	-	-	100,000	-
Dec 20, 2023	karsbo steen	acquired	-	-	100,000	-
Dec 20, 2023	harding john r	acquired	-	-	119,900	-
Dec 20, 2023	christilaw allison	acquired	-	-	100,000	-
Dec 20, 2023	corrales eugenia	acquired	-	-	70,410	-
Dec 20, 2023	morali philippe	acquired	-	-	23,835	-
Dec 20, 2023	joshi vyomesh	acquired	-	-	70,410	-
Nov 22, 2023	sasson uzi	acquired	-	-	2,500,000	ceo
Oct 18, 2023	fusaro james macmillan	acquired	-	-	9,788,290	chief executive officer
Oct 12, 2023	morali philippe	acquired	-	-	457,665	-

Which funds bought or sold MMAT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-423,505	-	-%
May 15, 2024	CANTOR FITZGERALD, L. P.	sold off	-100	-3,300	-	-%
May 15, 2024	HOWE & RUSLING INC	sold off	-100	-962	-	-%
May 15, 2024	MORGAN STANLEY	sold off	-100	-5,494	-	-%
May 15, 2024	MORGAN STANLEY	new	-	2,429	2,429	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	new	-	3.00	3.00	-%
May 15, 2024	SABBY MANAGEMENT, LLC	sold off	-100	-904,340,000	-	-%
May 15, 2024	CITADEL ADVISORS LLC	sold off	-100	-8,604	-	-%
May 15, 2024	Royal Bank of Canada	new	-	2,000	2,000	-%
May 15, 2024	Royal Bank of Canada	sold off	-100	-1,000	-	-%

Are Funds Buying or Selling MMAT?

Are funds buying MMAT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MMAT

No. of Funds

Recent SEC filings of Meta Materials Inc.

View All Filings

Date Filed	Form Type	Document
May 13, 2024	10-Q	Quarterly Report
May 03, 2024	8-K	Current Report
Apr 29, 2024	10-K/A	Annual Report
Apr 19, 2024	8-K	Current Report
Apr 03, 2024	8-K	Current Report
Mar 28, 2024	10-K	Annual Report
Mar 25, 2024	DEFA14A	DEFA14A
Mar 15, 2024	DEFA14A	DEFA14A
Mar 06, 2024	DEFA14A	DEFA14A
Mar 05, 2024	DEFA14A	DEFA14A

Peers (Alternatives to Meta Materials Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.9T	381.6B	13.05%	8.50%	29.01	7.63	-0.90%	6.43%
APH	79.2B	12.8B	18.32%	73.26%	38.89	6.17	1.52%	6.35%
GLW	30.3B	12.4B	14.17%	13.04%	49.07	2.45	-9.51%	-33.28%
FTV	27.2B	6.1B	-3.77%	17.13%	30.2	4.43	3.71%	17.79%
FLEX	11.8B	28.1B	4.34%	21.12%	11.7	0.42	-5.94%	26.86%
MID-CAP
CGNX	8.2B	847.2M	22.04%	-8.33%	82.44	9.7	-8.39%	-42.67%
ARW	7.0B	31.3B	7.85%	6.15%	9.82	0.22	-14.93%	-46.67%
BMI	5.8B	740.8M	28.88%	40.20%	56.51	7.8	25.07%	42.99%
AVT	4.8B	24.7B	14.45%	25.08%	8.44	0.19	-6.09%	-33.76%
ESE	2.8B	988.8M	12.19%	14.65%	28.58	2.84	8.64%	13.26%
SMALL-CAP
CNXN	1.8B	2.8B	10.03%	54.73%	21.81	0.65	-10.09%	0.74%
BHE	1.5B	2.8B	37.18%	85.46%	22.52	0.53	-4.25%	-5.27%
GPRO	246.3M	986.2M	-7.39%	-59.95%	-0.68	0.25	-6.21%	-5303.34%
CPSH	25.8M	26.4M	2.30%	-40.07%	33.65	0.98	-2.48%	-64.63%
AEY	22.4M	56.7M	-36.44%	-0.66%	-3.8	0.59	-41.04%	-726.48%

Meta Materials Inc. News

Latest updates

Meta Materials Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	40.9%	3,272,257	2,322,701	2,200,162	2,030,524	1,412,259	1,445,733	2,456,012	3,323,727	2,974,695	2,289,282	572,612	624,320	596,303	451,185	198,175	210,344	84,620	283,356	71,142	237,075	310,837
Cost Of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	14,492	16,817	23,644	80,162	67,858	92,901	117,104	113,698	127,622
Gross Profit	87.2%	2,538,735	1,356,088	1,406,469	1,257,546	671,279	762,936	1,759,282	2,445,776	2,195,983	1,759,518	427,509	623,614	595,903	484,543	197,240	209,008	16,762	632,608	-45,962	123,377	183,215
Operating Expenses	-89.6%	8,489,087	82,013,053	16,334,912	295,946,757	19,230,481	24,799,984	23,935,880	22,087,758	19,605,038	18,895,445	12,020,401	5,779,802	4,768,735	3,488,377	2,703,446	2,667,510	3,324,680	6,383,901	876,780	807,429	1,702,540
S&GA Expenses	6.0%	332,964	314,189	835,405	780,233	2,525,446	2,827,005	874,315	951,750	1,035,986	1,144,885	427,004	298,871	396,594	105,326	196,276	153,962	1,047,624	-1,431,623	849,425	665,160	1,042,757
R&D Expenses	-18.6%	2,660,995	3,267,848	5,088,556	5,059,614	6,519,464	3,892,100	4,967,997	4,118,781	3,971,139	4,267,971	1,816,547	1,633,653	1,779,256	1,166,275	1,043,915	960,430	-	-	-	-	-
EBITDA Margin	20.9%	-38.52	-48.67	-46.48	-47.15	-8.63	-7.41	-7.85	-8.18	-9.39	-21.37	-27.65	-28.64	-34.24	-10.11	-	-	-	-	-	-	-
Interest Expenses	-19.8%	108,766	135,655	125,482	4,522	112,998	-266,460	134,205	142,055	164,434	12,612	215,116	427,809	450,908	439,883	376,776	324,421	385,945	441,846	328,895	206,582	158,599
Income Taxes	100.0%	-	-2,429,403	540,843	-618,079	-296,731	-5,686,967	-37,208	-109,985	-	-665,880	-83,657	-57,847	-44,679	-128,020	-33,304	-10,425	-	-83,549	-	-	-
Earnings Before Taxes	90.5%	-7,508,414	-79,061,031	-9,277,846	-294,271,465	-18,965,409	-20,896,572	-24,512,528	-21,092,743	-18,434,541	-30,196,071	-11,508,905	-5,941,150	-44,203,198	-4,785,758	-2,614,508	-1,827,166	-3,693,863	-4,708,371	-1,251,637	-890,634	-1,677,874
EBT Margin	21.2%	-39.70	-50.41	-48.45	-48.83	-9.89	-8.33	-8.53	-8.87	-10.23	-22.50	-29.60	-30.77	-36.70	-13.68	-	-	-	-	-	-	-
Net Income	90.3%	-7,508,414	-77,172,471	-8,737,003	-293,653,386	-18,668,678	-15,209,605	-24,475,320	-20,982,758	-18,434,541	-29,530,191	-11,425,248	-5,883,303	-44,158,519	-4,657,738	-2,581,204	-1,816,741	-3,693,863	-4,624,822	-1,251,637	-890,634	-1,677,874
Net Income Margin	21.2%	-39.39	-49.99	-47.44	-47.93	-9.18	-7.75	-8.46	-8.77	-10.10	-22.29	-29.46	-30.63	-36.55	-13.50	-	-	-	-	-	-	-
Free Cashflow	-15.8%	-5,922,764	-5,113,796	-11,200,831	-10,365,211	-15,520,162	-13,728,283	-19,513,110	-10,258,202	-18,745,199	-19,180,911	-9,976,149	-3,214,376	-2,393,475	-2,025,524	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-16.1%	46.00	55.00	122	129	402	409	483	508	414	434	455	461	56.00	46.00	36.00	34.00	34.00	41.00	44.00	41.00	41.00
Current Assets	-38.4%	11.00	17.00	16.00	20.00	16.00	23.00	113	133	109	131	219	231	24.00	3.00	2.00	1.00	0.00	1.00	1.00	1.00	2.00
Cash Equivalents	-28.4%	7.00	10.00	9.00	14.00	6.00	10.00	31.00	54.00	30.00	47.00	141	155	13.00	1.00	2.00	3.00	1.00	0.00	1.00	0.00	2.00
Inventory	-26.6%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	-	-	-	-	-	-	-
Net PPE	-4.0%	18.00	19.00	46.00	48.00	44.00	43.00	35.00	34.00	30.00	27.00	8.00	5.00	0.00	3.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	-	-	-	-	-	282	282	279	35.00	7.00	240	28.00	213	-	-	-	-	-	-	-	-	-
Liabilities	-15.8%	28.00	33.00	28.00	29.00	29.00	30.00	94.00	93.00	93.00	99.00	94.00	93.00	56.00	19.00	20.00	18.00	20.00	26.00	24.00	23.00	23.00
Current Liabilities	-21.2%	19.00	24.00	17.00	17.00	19.00	20.00	88.00	86.00	85.00	92.00	87.00	87.00	1.00	12.00	18.00	16.00	4.00	14.00	23.00	23.00	3.00
Long Term Debt	1.2%	3.00	3.00	3.00	3.00	3.00	3.00	2.00	2.00	3.00	3.00	3.00	3.00	-	3.00	2.00	2.00	-	7.00	-	-	-
LT Debt, Current	-32.0%	1.00	1.00	1.00	1.00	1.00	0.00	1.00	1.00	0.00	0.00	1.00	1.00	-	0.00	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	3.00	3.00	3.00	3.00	3.00	2.00	2.00	3.00	3.00	3.00	3.00	-	3.00	2.00	2.00	-	7.00	-	-	-
Shareholder's Equity	-16.4%	18.00	22.00	93.00	100	373	379	389	415	322	335	361	368	0.00	13.00	16.00	16.00	0.00	15.00	20.00	19.00	18.00
Retained Earnings	-1.2%	-616	-609	-530	-521	-226	-207	-192	-167	-146	-128	-98.86	-86.74	-113	-37.40	-107	-106	-102	-99.15	-93.13	-91.88	-90.99
Additional Paid-In Capital	0.6%	640	636	628	626	604	591	588	585	468	463	459	455	169	29.00	123	122	117	114	113	110	109
Accumulated Depreciation	-1.1%	43.00	44.00	-	-	-	10.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares Outstanding	11.5%	6.00	6.00	5.00	5.00	4.00	4.00	3.00	3.00	3.00	3.00	2.00	2.00	2.00	2.00	-	-	-	-	-	-	-
Float	-	-	-	-	104	-	-	-	372	-	-	-	1,523	-	-	-	28.00	-	-	-	104	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-15.8%	-5,922	-5,113	-11,200	-10,365	-15,520	-13,728	-19,513	-10,258	-18,745	-19,180	-9,976	-3,214	-2,393	-2,025	-1,442	-4,139	-321	-4,182	-454	467	-190
Share Based Compensation	-100.0%	-	213	279	-2,807	2,002	3,588	2,390	3,916	3,995	721	204	225	427	395	406	478	231	438	196	261	397
Cashflow From Investing	107.9%	32.00	-408	4,615	-4,800	-437	-5,669	-3,003	-11,936	1,138	-75,419	-3,076	145,245	-1,605	53.00	-126	4,699	-2,212	5,418	-2,053	-2,154	-2,404
Cashflow From Financing	-52.4%	2,653	5,569	2,507	22,854	10,664	8.00	-253	46,337	275	796	-623	117	15,367	875	503	2,429	2,527	-1,383	2,853	508	3,351

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MMAT Income Statement

2024-03-31

Condensed Consolidated Interim Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 3,272,257	$ 1,412,259
Cost of sales (exclusive of items shown separately below)	778,266	587,028
Depreciation and amortization expense included in cost of sales	3,673	10,047
Stock-based compensation expense (recovery) included in cost of sales	(48,417)	143,905
Gross profit	2,538,735	671,279
Operating Expenses:
Selling & marketing	332,964	2,307,353
General & administrative	3,926,643	6,769,437
Research & development	2,660,995	5,060,756
Depreciation & amortization expenses	991,625	3,234,495
Stock-based compensation expense	310,825	1,858,440
Restructuring expense	266,035
Total operating expenses	8,489,087	19,230,481
Loss from operations	(5,950,352)	(18,559,202)
Interest expense, net	(108,766)	(112,998)
Realized gain (loss) on foreign exchange, net	62,445	(40,689)
Unrealized gain (loss) on foreign exchange, net	(1,513,055)	325,600
Other income (expenses), net	1,314	(578,120)
Total other expenses, net	(1,558,062)	(406,207)
Loss before income taxes	(7,508,414)	(18,965,409)
Income tax recovery		296,731
Net loss	(7,508,414)	(18,668,678)
Other comprehensive loss, net of tax
Unrealized foreign currency translation gain	808,963	322,787
Total other comprehensive income	808,963	322,787
Comprehensive loss	$ (6,699,451)	$ (18,345,891)
Basic loss per share	$ (1.21)	$ (5.06)
Diluted loss per share	$ (1.21)	$ (5.06)
Weighted average number of shares outstanding - basic	6,180,363	3,688,793
Weighted average number of shares outstanding - diluted	6,180,363	3,688,793
Product sales [Member]
Revenue:
Total revenue	$ 85,169	$ 58,699
Development revenue [Member]
Revenue:
Total revenue	3,141,759	1,257,479
Licensing revenue [Member]
Revenue:
Total revenue	$ 45,329	$ 96,081

MMAT Balance Sheet

2024-03-31

Condensed Consolidated Interim Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 6,395,929	$ 9,723,690
Restricted Cash	564,576	578,406
Accounts receivables	2,048,426	942,793
Subscription receivables		881,100
Inventory	123,877	168,747
Prepaid expenses and other current assets	1,587,492	5,071,363
Due from related parties		29,906
Total current assets	10,720,300	17,396,005
Intangible assets, net	16,936,346	18,030,301
Property, plant and equipment, net	17,848,873	18,601,614
Operating lease right-of-use ("ROU") assets	855,641	1,200,417
Total assets	46,361,160	55,228,337
Current liabilities
Trade payables	9,696,923	10,270,386
Accruals and other payables	3,841,799	7,249,291
Restructuring costs accrual	1,008,924	1,182,112
Current portion of long-term debt	545,215	801,628
Current portion of deferred revenues	665,955	1,054,557
Current portion of deferred government assistance	566,647	590,954
Current portion of funding obligation	959,410	982,912
Current portion of operating lease liabilities	1,296,404	1,452,863
Total current liabilities	18,581,277	23,584,703
Deferred revenues	384,876	419,035
Deferred government assistance	428,861	391,148
Long-term operating lease liabilities	5,671,681	5,973,657
Long-term debt	2,959,082	2,922,989
Total liabilities	28,025,777	33,291,532
Commitments and contingencies (Note 19)
Stockholders' equity
Common stock - $0.001 par value; 10,000,000 shares authorized, 6,694,635 shares issued and outstanding at March 31, 2024, and $0.001 par value; 10,000,000 shares authorized, 5,659,438 shares issued and outstanding at December 31, 2023	6,694	543,046
Treasury stock, at cost, 18,536 shares at March 31, 2024 and 0 shares at December 31, 2023	(123,859)
Additional paid-in capital	639,618,677	635,860,437
Accumulated other comprehensive loss	(4,646,182)	(5,455,145)
Accumulated deficit	(616,519,947)	(609,011,533)
Total stockholders' equity	18,335,383	21,936,805
Total liabilities and stockholders' equity	$ 46,361,160	$ 55,228,337

About Meta Materials Inc.

Meta Materials Inc., a smart materials and photonics company, develops, manufactures, and sells various functional materials and nanocomposites. The company 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. It 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. In addition, the company develops NPORE, a ceramic nanoporous membrane separator for lithium-ion batteries. 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 2011 and is headquartered in Dartmouth, Canada.

CEO	Dr. George Palikaras Ph.D.
WEBSITE	metamaterial.com
INDUSTRY	Consumer Electronics
EMPLOYEES	239

Meta Materials Inc. Frequently Asked Questions

What is the ticker symbol for Meta Materials Inc.? What does MMAT stand for in stocks?

MMAT is the stock ticker symbol of Meta Materials Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Meta Materials Inc. (MMAT)?

As of Fri May 17 2024, market cap of Meta Materials Inc. is 15.06 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MMAT stock?

You can check MMAT's fair value in chart for subscribers.

What is the fair value of MMAT stock?

You can check MMAT's fair value in chart for subscribers. The fair value of Meta Materials Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Meta Materials Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MMAT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Meta Materials Inc. a good stock to buy?

The fair value guage provides a quick view whether MMAT is over valued or under valued. Whether Meta Materials Inc. is cheap or expensive depends on the assumptions which impact Meta Materials Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MMAT.

What is Meta Materials Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, MMAT's PE ratio (Price to Earnings) is -0.04 and Price to Sales (PS) ratio is 1.53. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MMAT PE ratio will change depending on the future growth rate expectations of investors.