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Meta Materials Inc. 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 component; and glucoWISE, a non-invasive glucose monitoring. 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. is headquartered in Dartmouth, Canada.
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| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Income before tax | -401.58M | -84.94M | -91.85M | -11.80M | -8.53M |
| Net income | -398.23M | -79.10M | -91.00M | -11.61M | -8.44M |
| Selling general administrative | 24.85M | 61.54M | 29.70M | 6.71M | 4.82M |
| Selling and marketing expenses | 4.35M | 6.24M | 2.27M | 1.06M | 1.13M |
| Gross profit | -24.04M | 7.16M | 3.41M | 1.12M | 0.89M |
| Reconciled depreciation | 13.97M | 9.27M | 3.49M | 2.33M | 2.36M |
| Ebit | -24.04M | -86.70M | -38.06M | -9.13M | -7.24M |
| Ebitda | -10.56M | -77.20M | -46.51M | -7.77M | -4.72M |
| Depreciation and amortization | 13.47M | 9.50M | -8.45M | 1.36M | 2.53M |
| Non operating income net other | - | -1.50M | -52.69M | - | -0.97M |
| Operating income | -24.04M | -86.70M | -38.06M | -9.13M | -7.24M |
| Other operating expenses | 31.88M | 96.90M | 42.14M | 10.25M | 8.15M |
| Interest expense | 0.43M | 0.40M | 1.11M | 1.45M | 1.14M |
| Tax provision | -7.14M | -5.83M | -0.85M | -0.19M | -0.08M |
| Interest income | 1.02M | 0.23M | 0.02M | 0.02M | 0.00M |
| Net interest income | 0.02M | -0.17M | -1.11M | -1.43M | -1.14M |
| Non recurring | - | - | - | - | -1.49M |
| Income tax expense | -3.34M | -5.83M | -0.85M | -0.19M | -0.08M |
| Total revenue | 7.84M | 10.20M | 4.08M | 1.12M | 0.90M |
| Total operating expenses | 0.00M | 93.86M | 41.46M | 10.25M | 8.14M |
| Cost of revenue | 31.88M | 3.04M | 0.68M | 0.00M | 0.01M |
| Total other income expense net | 24.04M | 1.76M | -53.79M | -2.68M | -1.28M |
| Net income from continuing ops | -336.27M | -79.10M | -91.00M | -11.61M | -9.84M |
| Net income applicable to common shares | - | -79.10M | -91.00M | -19.81M | -11.08M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 59.16M | 408.92M | 434.02M | 10.23M | 40.92M |
| Intangible assets | 18.03M | 56.31M | 28.97M | 4.48M | - |
| Other current assets | 1.81M | 0.37M | 3.45M | 0.13M | 0.10M |
| Total liab | 36.83M | 30.35M | 99.32M | 19.13M | 25.86M |
| Total stockholder equity | 21.94M | 378.56M | 334.71M | -8.90M | 15.07M |
| Deferred long term liab | - | 3.25M | 0.32M | - | - |
| Other current liab | 9.02M | 0.80M | 75.52M | 1.03M | 1.54M |
| Common stock | 0.54M | 0.34M | 0.26M | 0.13M | 0.08M |
| Capital stock | 0.54M | 0.34M | 0.26M | 0.13M | - |
| Retained earnings | -609.01M | -207.50M | -128.39M | -37.40M | -99.15M |
| Other liab | - | - | 0.96M | 1.62M | 4.12M |
| Good will | 0.00M | 281.75M | 240.38M | 0.00M | - |
| Other assets | - | 0.00M | - | 31.88M | - |
| Cash | 10.30M | 10.09M | 46.65M | 1.40M | 0.09M |
| Total current liabilities | 23.58M | 19.67M | 91.64M | 12.40M | 13.96M |
| Current deferred revenue | 1.05M | 0.73M | 1.63M | 1.24M | - |
| Net debt | 1.83M | -2.19M | -39.05M | 10.48M | 22.76M |
| Short term debt | 3.24M | 1.45M | 1.16M | 7.19M | 10.98M |
| Short long term debt | 0.80M | 0.48M | 0.49M | 7.04M | - |
| Short long term debt total | 12.13M | 7.90M | 7.60M | 11.88M | 22.85M |
| Other stockholder equity | 635.86M | 590.96M | 387.64M | 29.02M | 126.87M |
| Property plant equipment | - | 42.67M | 27.02M | 3.69M | 3.25M |
| Total current assets | 17.40M | 22.60M | 131.38M | 2.72M | 0.74M |
| Net tangible assets | - | 40.50M | 65.36M | -17.20M | -27.70M |
| Short term investments | - | 0.00M | 2.88M | 0.00M | - |
| Net receivables | 5.12M | 7.12M | 1.85M | 0.50M | 0.55M |
| Long term debt | 2.92M | 3.07M | 2.74M | 4.57M | 11.87M |
| Inventory | 0.17M | 0.47M | 0.27M | 0.46M | 0.44M |
| Accounts payable | 10.27M | 16.69M | 13.34M | 2.94M | 1.44M |
| Accumulated other comprehensive income | -5.46M | -5.24M | -0.30M | -0.66M | -12.73M |
| Common stock total equity | - | 0.34M | 0.26M | 0.10M | 0.08M |
| Retained earnings total equity | - | -207.50M | -128.39M | - | -99.15M |
| Non currrent assets other | - | 5.58M | 2.87M | 24.37M | - |
| Non current assets total | 41.77M | 386.31M | 302.65M | 7.51M | 40.19M |
| Capital lease obligations | 7.43M | 4.34M | 4.37M | 0.27M | - |
| Long term debt total | - | 3.07M | 2.74M | - | 11.87M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -6.29M | 2.81M | -2.89M | -2.89M | -2.89M |
| Change to liabilities | - | - | 6.91M | -0.54M | 1.36M |
| Total cashflows from investing activities | - | -19.47M | 65.14M | 2.89M | -1.67M |
| Net borrowings | - | -0.55M | 14.00M | 7.38M | 5.96M |
| Total cash from financing activities | 41.60M | 46.37M | 15.66M | 6.33M | 5.33M |
| Change to operating activities | - | - | 4.65M | -0.21M | -0.14M |
| Net income | -398.23M | -79.10M | -91.00M | -11.61M | -8.44M |
| Change in cash | -1.51M | -35.62M | 46.04M | 0.99M | -0.22M |
| Begin period cash flow | 11.81M | 47.43M | 1.40M | 0.41M | 0.62M |
| End period cash flow | 10.30M | 11.81M | 47.43M | 1.40M | 0.41M |
| Total cash from operating activities | -42.22M | -62.24M | -34.76M | -7.93M | -4.36M |
| Issuance of capital stock | 38.89M | 50.00M | 50.00M | 0.60M | 0.77M |
| Depreciation | 13.52M | 9.27M | 3.49M | 2.33M | 2.36M |
| Other cashflows from investing activities | - | -22.28M | 68.03M | - | - |
| Change to inventory | -0.37M | -0.32M | 0.33M | -0.11M | -0.02M |
| Change to account receivables | -0.05M | 0.29M | -0.88M | 0.06M | -0.10M |
| Sale purchase of stock | 0.00M | -0.02M | 1.29M | - | 3.63M |
| Other cashflows from financing activities | -4.34M | -3.06M | 15.62M | 5.93M | 4.62M |
| Change to netincome | - | 9.91M | 42.83M | 7.60M | 1.15M |
| Capital expenditures | 8.37M | 19.59M | 12.79M | 0.66M | 1.20M |
| Change receivables | - | - | - | - | -0.05M |
| Cash flows other operating | - | -2.33M | 9.91M | - | 0.45M |
| Cash and cash equivalents changes | - | -35.35M | 46.04M | - | -0.75M |
| Change in working capital | 1.78M | -0.35M | 4.65M | -0.88M | 0.78M |
| Stock based compensation | 2.92M | 13.18M | 1.58M | 1.51M | 1.29M |
| Other non cash items | 371.50M | 0.59M | 47.36M | 0.92M | -0.27M |
| Free cash flow | -50.59M | -81.83M | -47.55M | -8.59M | -5.56M |
Sector: Technology Industry: Electronic Components
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| APH Amphenol Corporation |
2.95 4.12% |
74.59 | 45.49 | 34.25 | 8.09 | 13.93 | 8.26 | 27.70 |
| GLW Corning Incorporated |
2.68 2.59% |
106.11 | 89.92 | 53.19 | 9.09 | 12.03 | 9.59 | 40.14 |
| HNHPF Hon Hai Precision Industry Co Ltd ADR |
0.32 2.37% |
13.84 | 16.20 | 11.34 | 0.01 | 1.82 | 0.35 | 6.73 |
| MRAAF Murata Manufacturing Co. Ltd |
2.25 7.67% |
31.58 | 59.07 | 33.56 | 0.05 | 4.71 | 6.76 | 25.24 |
Meta Materials Inc. 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 component; and glucoWISE, a non-invasive glucose monitoring. 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. is headquartered in Dartmouth, Canada.
60 Highfield Park Drive, Dartmouth, NS, Canada, B3A 4R9
902 482 5729
103
| Name | Title | Year Born |
|---|---|---|
| Dr. George Palikaras Ph.D. | Founder, CEO, Pres & Director | 1981 |
| Mr. Kenneth L. Rice Jr., J.D., L.L.M., LLM, M.B.A., MBA | Exec. VP, CFO & COO | 1955 |
| Dr. Jonathan D. Waldern Ph.D. | Chief Technology Officer | 1961 |
| Dr. Efthymios Kallos Ph.D. | Co-Founder & Chief Science Officer | NA |
| Mr. George Francis | Chief Information Officer | NA |
| Mr. Mark Komonoski | Director of Capital Markets & Investor Relations | NA |
| Mr. Mark Gregory Gosine Q.C. | Gen. Counsel | 1967 |
| Mr. Robert Warren Stone | VP of Corp. Devel. & Communications | NA |
| Mr. Brian Donnelly | Exec. VP of Sales | NA |
| Dr. Raj V. Rajaram M.B.A., Ph.D. | Chief Marketing Officer | NA |
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