Meta Materials Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.04
Dividend & YieldN/A$ (N/A)
Beta N/A
Market capitalization 713M
Operating cash flow -67.7M
ESG Scores unknown

Company description

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.

Sector: Technology - Industry: Electronic Components

Financial Ratios
Quick Ratio1.43
Working Capital-2.29
Return On Equity-0.27
Debt To Equity0.01
Fixed Asset Ratio0.08
Fixed Interest Cover-33.82

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 494.35k 998.34k -644.12k 6.91M
Total Cashflows From Investing Activities -2.34M -1.2M 2.41M 65.14M
Net Borrowings 3.49M 4.56M 5.54M 14M
Total Cash From Financing Activities 7.43M 5.33M 6.33M 15.66M
Change To Operating Activities -222.95k -105.37k -185.62k -1.7M
Issuance Of Stock 765.88k 765.88k 598.55k 1.43M
Net Income -5.11M -8.44M -11.61M -91M
Change In Cash -513.06k -216.47k 988.62k 46.04M
Effect Of Exchange Rate 11.06k 11.06k 170.85k 3.29k
Total Cash From Operating Activities -5.61M -4.36M -7.93M -34.76M
Depreciation 2.08M 2.36M 2.33M 3.49M
Change To Account Receivables -13.01k -95.24k 58.89k -880.61k
Other Cashflows From Financing Activities 3.94M 198.29k 198.29k 223.38k
Change To Netincome -2.43M 943.95k 2.24M 48.09M
Capital Expenditures -2M -1.15M -555.01k -11.66M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 304.58k 3.83M 4.1M 9.5M
Income Before Tax -5.11M -8.53M -11.8M -91.85M
Net Income -5.11M -8.44M -11.61M -91M
Selling General Administrative 4.69M 5.95M 7.77M 31.97M
Gross Profit 1.49M 893.24k 1.12M 3.41M
Ebit -4.97M -8.88M -10.76M -38.06M
Operating Income -4.97M -8.88M -10.76M -38.06M
Interest Expense -580.41k -1.14M -1.45M -1.13M
Income Tax Expense -4.59k -83.55k -193.71k -852.06k
Total Revenue 1.59M 902.41k 1.12M 4.08M
Cost Of Revenue 97.37k 9.17k 3.25k 675.97k
Total Other Income ExpenseNet -136.93k 348.9k -1.05M -53.79M
Net Income From Continuing Ops -5.11M -8.44M -11.61M -91M
Net Income Applicable To Common Shares -5.11M -8.44M -11.61M -91M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 13.35M 15.51M 19.13M 99.32M
Total Stockholder Equity -12.92M -16.12M -8.9M 334.71M
Other Current Liabilities 1.69M 2.31M 2.02M 1.65M
Total Assets 13.17M 9.21M 10.23M 434.02M
Common Stock 6.63M 5.86M 132.35k 262.75k
Other Current Assets 134.47k 76.97M
Retained Earnings -21.2M -24.89M -37.4M -128.39M
Treasury Stock -406.51k 12.01k -655.88k -296.94k
Cash 850.62k 407.62k 1.4M 46.65M
Total Current Liabilities 4.68M 8.7M 12.4M 91.64M
Other Stockholder Equity -406.51k 12.01k -655.88k -296.94k
Property, Plant, and Equipment 3.5M 2.5M 3.03M 33.3M
Total Current Assets 2.01M 1.48M 2.72M 131.38M
Net Tangible Assets -20.58M -21.36M -13.37M 65.36M
Net Receivables 469.7k 450.48k 503.01k 3.36M
Accounts Payable 1.31M 2.45M 2.94M 13.34M


Insider Transactions

Here are the insider transactions of stock shares related to Meta Materials Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
WELCH THOMAS GORDONConversion of Exercise of derivative security at price 0.97 per share.D2022-10-25Beneficial Owner of more than 10% of a Class of Security500k
WELCH THOMAS GORDONConversion of Exercise of derivative security at price 0.64 - 0.65 per share.I2022-10-04Beneficial Owner of more than 10% of a Class of Security2.5M
PALIKARAS GEORGIOSPurchase at price 0.96 per share.D2022-08-11Chief Executive Officer42k
WELCH THOMAS GORDONPurchase at price 1.28 - 1.30 per share.D/I2022-06-24Beneficial Owner of more than 10% of a Class of Security70k
CHRISTILAW ALLISON RUTHPurchase at price 1.67 per share.D2022-05-17Director15k
WALDERN JONATHANSale at price 1.85 per share.D2022-03-22Chief Technology Officer171.43k
WALDERN JONATHANConversion of Exercise of derivative security at price 0.27 per share.D2022-03-21Chief Technology Officer171.43k
WALDERN JONATHANConversion of Exercise of derivative security at price 0.27 per share.D2022-03-18Chief Technology Officer171.43k
GUITTON MAURICE MARCConversion of Exercise of derivative security at price 0.39 per share.D2022-03-04Director7.49k
GUITTON MAURICE MARCConversion of Exercise of derivative security at price 0.39 per share.D2022-03-04Director7.49k
WELCH THOMAS GORDONConversion of Exercise of derivative security at price 0.39 per share.D/I2022-03-03Beneficial Owner of more than 10% of a Class of Security186.54k
LESLIE ERIC M.Conversion of Exercise of derivative security at price 0.39 per share.D2022-03-02Director74.72k
PALIKARAS GEORGIOSConversion of Exercise of derivative security at price 0.39 per share.D2022-02-11Chief Executive Officer7.49k
RAMKUMAR RAMAMRITHAMConversion of Exercise of derivative security at price 0.38 per share.I2022-02-01Director149.24k
WELCH THOMAS GORDONI2022-01-27Beneficial Owner of more than 10% of a Class of Security2M
WELCH THOMAS GORDOND2022-01-25Beneficial Owner of more than 10% of a Class of Security1.5M
WELCH THOMAS GORDONSale at price 3.54 - 4.37 per share.D/I2021-11-30Beneficial Owner of more than 10% of a Class of Security431k
KARSBO STEEN BIRGERPurchase at price 3.74 per share.D2021-11-24Director18.32k
PALIKARAS GEORGIOSSale at price 4.02 - 4.20 per share.D2021-11-22Chief Executive Officer518.29k
PALIKARAS GEORGIOSD2021-11-19Chief Executive Officer1.63M
WELCH THOMAS GORDOND/I2021-11-19Beneficial Owner of more than 10% of a Class of Security1.1M
WALDERN JONATHANSale at price 4.05 per share.D2021-11-18Chief Technology Officer471.44k
WALDERN JONATHANConversion of Exercise of derivative security at price 0.27 per share.D2021-11-18Chief Technology Officer471.44k
GRAVES MICHAEL JAMESSale at price 4.96 - 5.24 per share.D2021-07-09Former300k
ZYNGIER ALEXANDRESale at price 14.00 per share.D2021-06-22Director600k
ZYNGIER ALEXANDREConversion of Exercise of derivative security at price 0.85 - 1.19 per share.D2021-06-22Director600k
GRAVES MICHAEL JAMESConversion of Exercise of derivative security at price 0.85 - 1.19 per share.D2021-06-22Director600k
COOK ROBERT LANCEConversion of Exercise of derivative security at price 0.85 - 1.19 per share.D2021-06-17Director300k
WALDERN JONATHANSale at price 4.58 per share.D2021-03-22Chief Technology Officer171.43k
MCCABE GREGORYConversion of Exercise of derivative security at price 0.38 - 1.00 per share.D/I2021-02-01Director and Beneficial Owner of more than 10% of a Class of Security4.1M
MCCABE GREGORYPurchase at price 0.46 per share.D2020-12-18Director and Beneficial Owner of more than 10% of a Class of Security1.63M

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Meta Materials Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Meta Materials Inc

Here is the result of two systematic investment strategies applied to Meta Materials Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Meta Materials Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Meta Materials Inc:

Meta Materials Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 42.15% on the backtest period.

Performance at glance

Performance

42.15 %

Latent gain

105.57 $

Invested capital

250.47 $

Annualized return

162.12 %
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Momentum strategy results on Meta Materials Inc

This is the result of two momentum investment strategies applied to Meta Materials Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Meta Materials Inc

The following chart shows all the entries opened by the momentum investment system on Meta Materials Inc:

Meta Materials Inc momentum entries
  • The first momentum investment strategy would give -0.39% of return on Meta Materials Inc. That represents -0.96$ of latent gain with 248.64$ of employed capital.
  • The second momentum investment strategy would give 0% of return on Meta Materials Inc. That represents 0.0$ of latent gain with 0.0$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-0.39 %

Latent gain

-0.96 $

Invested capital

248.64 $

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

-0.0 %

Momentum equity curve on Meta Materials Inc

The following chart shows the equity curve of the two momentum strategies applied to Meta Materials Inc:

Meta Materials Inc momentum equity

Note: the dividends potentially given by Meta Materials Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Meta Materials Inc

The following chart shows the employed capital evolution of the two momentum strategies on Meta Materials Inc since the beginning:

Meta Materials Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Meta Materials Inc

Buy the dip entry openings on Meta Materials Inc

Meta Materials Inc

The performance achieved by the robo-advisor on Meta Materials Inc is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows Meta Materials Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Meta Materials Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

-0.0 %

Equity curve of the strategy applied to Meta Materials Inc

The following chart shows the result of the investment strategy applied to Meta Materials Inc:

Meta Materials Inc

Note: the dividends potentially given by Meta Materials Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Meta Materials Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Meta Materials Inc:

Meta Materials Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Meta Materials Inc

In this section, I will compare the three previous investment strategies applied to Meta Materials Inc.

Equity curve comparison on Meta Materials Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Meta Materials Inc investment strategy comparison

Employed capital comparison on Meta Materials Inc

Meta Materials Inc investment comparison

Performance comparison on Meta Materials Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 42.15% 105.57$ 250.47$ 162.12%
Momentum 1 quarter -0.39% -0.96$ 248.64$ -19.5%
Momentum 2 quarters 0% 0.0$ 0.0$ -0.0%
Non-directional 0% 0.0$ 0.0$ -0.0%
Annualized return comparison

Automatic investment

162.12 %

Momentum 1Q

-0.0 %

Momentum 2Q

-0.0 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Meta Materials Inc:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Meta Materials Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Meta Materials Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Meta Materials Inc
Country Canada
City Dartmouth
Address 1 Research Drive
Phone 902 482 5729
Website www.metamaterial.com
FullTime employees 130
Industry Electronic Components
Sector Technology
Exchange XNAS
Ticker MMAT
Market www.nasdaq.com

Meta Materials Inc ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown