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Meta Materials Inc.

MMATQ Technology Electronic Components

Meta Materials Inc.’s revenue for fiscal 2023 (year ended December 2023) was $8.0 million, down 21.9% from fiscal 2022. Operating cash flow growth for three consecutive years.

0.00 0.00 NaN
Market cap
$3.5M
P/E
0.0×
Fwd P/E
0.0×
Dividend yield
—
F-score
2/9
Altman Z
−39.17
Beneish M
−33.98
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 3.52
Revenue 9.83
Net Income (387.07)
Free Cash Flow (39.41)
Net Debt (3.46)
Current Ratio 0.58 (below 1: weak)
Debt/Equity 0.19 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E 0.00
P/S ratio 0.00
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth (100.00%) (below 0%: weak)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is −0.4×, against a ten-year median of 60.8×; over the ten years it ranged from −0.4× in 2024 to 1,442× in 2017.

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2021 2022 2023 Q'24
Cash 50 12 10 7
Receivables 2 1 2 2
Inventory 0 0 0 0
Other 76 — — —
131 23 17 11
2021 2022 2023 Q'24
Payables 13 7 10 10
ST’ Debt 0 0 1 1
Other 76 1 2 2
92 20 24 19

Compound Annual Growth %

10y 5y 3y
Sales 19.92% 44.09% 92.18%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 9.08% 4.01% 0.00%

Revenue $m

Mar Jun Sep Dec Year
’26 3 — — — —
’23 1 2 2 2 8
’22 3 3 2 1 10
’21 1 1 1 2 4
’20 0 0 0 1 1
’19 0 0 0 0 1
’18 0 0 0 0 1
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) — — — —
’23 (16) (10) (11) (5) (42)
’22 (19) (10) (20) (14) (62)
’21 (2) (3) (10) (19) (35)
’20 0 (4) (1) (2) (8)
’19 0 0 0 (4) (4)
’18 1 (1) (1) 0 (1)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) — — — —
’23 (17) (15) (13) (6) (51)
’22 (20) (17) (23) (21) (82)
’21 (4) (5) (13) (26) (48)
’20 (3) (3) (2) (2) (9)
’19 (3) (2) (3) 1 (6)
’18 (4) (4) (2) (3) (13)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (1.21) — — — —
’23 (5.00) (65.00) (2.00) 2.64 (69.67)
’22 (6.00) (7.00) (7.00) (4.00) (24.00)
’21 (26.15) (3.00) (4.00) (13.00) (39.00)
’20 (10.00) (1.17) (1.66) 3.64 (8.46)
’19 (4.00) (2.00) (4.00) (18.00) (16.88)
’18 (6.00) (4.00) (2.95) (4.04) (18.00)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Trend 2024e 2025e 2026e
Price, $
Price, $ Low — — 84.00 190.00 106.00 110.00 42.00 136.00 63.00 4.35

Analyst estimates 2024–2026

Powerpack
High — — 350.00 392.00 296.00 396.00 218.00 2,176.00 295.00 123.00
People
People Employees — — 4 4 2 2 4 130 239 103
Revenue/emp, $m — — 0.09 0.14 0.64 0.45 0.28 0.03 0.04 0.08
Income, $m
Income, $m Revenue — — 0 1 1 1 1 4 10 8
Gross margin, % — — 7.34 69.64 37.13 98.98 99.71 83.44 70.23 58.90
EBT — — (8) (1) (6) (9) (12) (92) (85) (402)
EBT margin, % — — (2,168.26) (161.24) (452.79) (945.09) (1,051.95) (2,249.83) (832.69) (5,041.37)
Net income — — (8) (1) (6) (8) (12) (91) (79) (398)
Depreciation — — 1 0 2 2 2 3 9 14
Per share, $
Per share, $ Revenue — — 1.64 1.91 3.76 1.80 0.82 1.75 3.11 1.38
Earnings — — (38.00) (3.09) (18.00) (16.88) (8.46) (39.00) (24.00) (69.67)
Cash flow — — (22.38) 1.56 (3.43) (8.72) (5.78) (14.93) (18.96) (7.33)
Capex — — (10.65) (31.73) (35.66) (2.39) (0.48) (5.49) (5.95) (1.45)
Free cash flow — — (33.03) (30.17) (39.09) (11.11) (6.26) (20.42) (24.91) (8.78)
Book value — — 33.13 53.54 52.90 30.12 (6.48) 143.71 115.29 3.81
Shares, m — — 0 0 0 1 1 2 3 6
Valuation, ×
Valuation, × P/E — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/S — — 142.35 136.88 29.75 84.25 171.25 140.34 35.41 4.92
P/B — — 7.06 4.89 2.12 5.05 0.00 1.71 0.95 1.79
EV/Sales — — 156.59 159.65 45.77 109.47 179.28 128.81 34.60 4.09
EV/FCF — — (7.79) (10.13) (4.41) (17.92) (23.31) (11.06) (4.26) (0.63)
Cash, $m
Cash, $m Operating cash flow — — (5) 0 (1) (4) (8) (35) (62) (42)
Capex — — (2) (9) (12) (1) (1) (13) (20) (8)
Free cash flow — — (7) (9) (13) (6) (9) (48) (82) (51)
Balance, $m
Balance, $m Working capital — — (2) 1 (1) (13) (10) 40 3 (6)
Total debt — — 3 11 18 23 10 3 4 4
Net debt — — 2 9 17 23 9 (47) (8) (7)
Shareholders’ equity — — 7 16 18 15 (9) 335 379 22
Returns, %
Returns, % ROA — — (71.09) (4.47) (17.37) (21.37) (45.40) (40.97) (18.77) (173.01)
ROIC — — (52.35) (8.25) (9.38) (14.67) (6,013.19) (8.27) (14.05) (1,663.62)
ROE — — (146.02) (7.96) (34.17) (51.04) (376.44) (55.86) (22.18) (200.51)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2023 · latest quarter Mar 2024

Charts ten years each

Meta Materials Inc. vs peers in Electronic Components (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NEON Neonode Inc. $13.4M 1.6× — (loss-making) −20.37% (below 0%: shrinking) n/m −9.97% (below 0%: shrinking) 98.11% (486.58%) Compare
WETH Wetouch Technology Inc. $13.4M 1.4× — +12.74% (above 0%: growing) −5.26% (below 0%: shrinking) +87.69% (above 0%: growing) 34.88% 22.61% Compare
OST Ostin Technology Group Co., Ltd. $10.2M — (loss-making) — −60.75% (below 0%: shrinking) −100.00% (below 0%: shrinking) −72.90% (below 0%: shrinking) 2.02% 0.00% Compare
MSAI MultiSensor AI Holdings, Inc. $9.5M — (loss-making) — (loss-making) +19.45% (above 0%: growing) n/m −105.04% (below 0%: shrinking) 45.78% (153.45%) Compare
GAUZ Gauzy Ltd. $5.2M — (loss-making) — (loss-making) −17.84% (below 0%: shrinking) n/m +54.56% (above 0%: growing) 21.37% (62.38%) Compare
VIAOY VIA optronics AG Sponsored ADR $5.1M — (loss-making) — (loss-making) +8.23% (above 0%: growing) n/m +23.55% (above 0%: growing) 20.96% (8.60%) Compare
MTEK Maris-Tech Ltd. $4.7M — (loss-making) — −10.33% (below 0%: shrinking) n/m −137.39% (below 0%: shrinking) (36.00%) 0.00% Compare
MMATQ Meta Materials Inc. $3.5M — (loss-making) — (loss-making) +131.70% (above 0%: growing) n/m +64.92% (above 0%: growing) 77.58% (181.84%)
IMTE Integrated Media Technology Limited $1.6M — (loss-making) — (loss-making) +8,120.00% (above 0%: growing) n/m −100.35% (below 0%: shrinking) (231.44%) 0.00% Compare
Median of peers $7.3M — — −1.05% — −41.43% 21.17% (4.30%)

All 49 Electronic Components stocks →

Meta Materials Inc. (MMATQ) key facts

  • Concern: Meta Materials Inc.’s revenue for fiscal 2023 (year ended December 2023) was $8.0 million, down 21.9% from fiscal 2022.
  • Meta Materials Inc. (MMATQ) is an Electronic Components company in the Technology sector.
  • Return on equity was −200.5% and debt-to-equity 0.19.
  • Its Piotroski F-score is 2 out of 9 and its Altman Z-score is −39.17 (distress zone) for fiscal 2023.

Source: company filings (standardised) and stockrow calculations.

Meta Materials Inc. (MMATQ) Latest News

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stockrow.com/MMATQ · Data as of Mar 31, 2024 · For information only; not investment advice. · © 2026 stockrow.com