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Meta Materials Inc. (MMAT) Report Analysis

Corporate Events

Negative

Meta Materials Inc. has filed a Follow-on Equit...

2022-06-24 00:00:00

Meta Materials Inc. has filed a Follow-on Equity Offering in the amount of $50.000003 million. Security Name: Common Stock Security Type: ...

Positive

Meta Materials Inc. (NasdaqCM:MMAT) acquired Su...

2022-06-22 00:00:00

Meta Materials Inc. (NasdaqCM:MMAT) entered into an Asset Purchase Agreement to acquire Substantially all of the assets of Optodot Corporation...

Positive

Meta Materials Inc. (NasdaqCM:MMAT) entered int...

2022-06-17 00:00:00

Meta Materials Inc. (NasdaqCM:MMAT) entered into an Asset Purchase Agreement to acquire Substantially all of the assets of Optodot Corporation...

Neutral

Meta Materials Inc. has closed its Shelf Regist...

2022-06-10 00:00:00

Meta Materials Inc. has closed its Shelf Registration dated June 02, 2022 in the amount of $15.096774 million. Security Name: Common Stock ...

Neutral

Meta Materials Inc. Presents at ROTH 8th Annual...

2022-06-09 10:52:00

Meta Materials Inc. Presents at ROTH 8th Annual London Conference, Jun-21-2022 through Jun-23-2022. Venue: London, United Kingdom. Presentatio...

Neutral

Meta Materials Inc. has filed a Shelf Registrat...

2022-06-02 00:00:00

Meta Materials Inc. has filed a Shelf Registration in the amount of $18.580644 million. Security Name: Common Stock Securities Offered: 9,677,419

Positive

Meta Materials Inc. Demonstrates World's Most T...

2022-06-01 19:05:00

Meta Materials Inc. announced the demonstration of the patent-pending, world's most transparent antenna in prescription lenses for Extended Re...

Positive

Meta Materials and Ppg Announce Plans to Develo...

2022-05-31 15:41:00

Meta Materials Inc. and PPG announced a memorandum of understanding ("MOU") to develop new ophthalmic smart devices primarily for extended rea...

Neutral

Meta Materials Inc. Presents at 8th Internation...

2022-05-26 06:21:00

Meta Materials Inc. Presents at 8th International Conference on Antennas and Electromagnetic Systems, May-26-2022 . Venue: Marrakesh, Morocco....

Negative

Meta Materials Inc. Appoints Raj V. Rajaram as ...

2022-05-17 12:05:00

Meta Materials Inc. announced the appointment of Dr. Raj V. Rajaram as Chief Marketing Officer. He brings more than twenty-five years of exper...

Neutral

Meta Materials Inc. Presents at Third Internati...

2022-05-16 11:39:00

Meta Materials Inc. Presents at Third International Investment Form, May-19-2022 06:40 PM. Speakers: George Palikaras, Founder, CEO, President...

Neutral

Apaton Finance Gmbh, GBC AG, Third Internationa...

2022-05-16 11:03:00

Apaton Finance Gmbh, GBC AG, Third International Investment Form, May 19, 2022.

Neutral

Meta Materials Inc. to Report Q1, 2022 Results ...

2022-05-06 12:04:00

Meta Materials Inc. announced that they will report Q1, 2022 results After-Market on May 10, 2022

Neutral

Meta Materials Inc., Q1 2022 Earnings Call, May...

2022-05-06 12:04:00

Meta Materials Inc., Q1 2022 Earnings Call, May 11, 2022

Neutral

ROTH Capital Partners, LLC, Canada Corporate Ac...

2022-05-05 16:22:00

ROTH Capital Partners, LLC, Canada Corporate Access Day, May 17, 2022. Venue: Newyork, New York, United States.

Neutral

Meta Materials Inc. Presents at Canada Corporat...

2022-05-05 16:22:00

Meta Materials Inc. Presents at Canada Corporate Access Day, May-17-2022 10:40 AM. Venue: Newyork, New York, United States. Speakers: Kenneth ...

Neutral

Meta Materials Inc. Presents at LD Micro Invita...

2022-05-03 18:49:00

Meta Materials Inc. Presents at LD Micro Invitational XII Conference, Jun-07-2022 04:00 PM. Venue: Four Seasons Hotel, Westlake Village, Los A...

Negative

Meta Materials Inc. Appoints George Francis as ...

2022-04-27 13:30:00

Meta Materials Inc. announced the appointment of Mr. George Francis to the newly created position of Chief Information Officer. Mr. Francis br...

Neutral

Meta Materials Inc. Presents at NobleCon18 Smal...

2022-04-14 12:05:00

Meta Materials Inc. Presents at NobleCon18 Small & Microcap Investor Conference, Apr-19-2022 through Apr-22-2022. Venue: Hard Rock Guitar Hote...

Neutral

ROTH Capital Partners, LLC, ROTH 8th Annual Lon...

2022-04-07 20:18:00

ROTH Capital Partners, LLC, ROTH 8th Annual London Conference, Jun 21, 2022 through Jun 23, 2022. Venue: London, United Kingdom.

Negative

Meta Materials Inc. Appoints John "Yiannis" Ant...

2022-04-06 12:05:00

Meta Materials Inc. announced that Dr. John "Yiannis" Antoniades has joined the Company as Executive Vice President, Head of Engineering and E...

Positive

Meta Materials Inc. (NasdaqCM:MMAT) acquired Pl...

2022-04-04 00:00:00

Meta Materials Inc. (NasdaqCM:MMAT) acquired Plasma App Ltd. for $17 million on April 1, 2022. Founder Dmitry Yarmolich will join Meta. Meta ...

Neutral

Meta Materials Inc. Presents at CANSEC 2022, Ju...

2022-04-01 19:26:00

Meta Materials Inc. Presents at CANSEC 2022, Jun-01-2022 .

Neutral

The Canadian Association of Defence And Securit...

2022-04-01 14:44:00

The Canadian Association of Defence And Security Industries, CANSEC 2022, Jun 01, 2022 through Jun 02, 2022.

Neutral

The Canadian Association of Defence And Securit...

2022-04-01 14:44:00

The Canadian Association of Defence And Security Industries, CANSEC 2022, Jun 01, 2022 through Jun 02, 2022.

Neutral

LD Micro, Inc., LD Micro Invitational XII Confe...

2022-03-01 00:00:00

LD Micro, Inc., LD Micro Invitational XII Conference, Jun 07, 2022 through Jun 09, 2022. Venue: Four Seasons Hotel, Westlake Village, Los Ange...

Neutral

NOBLE Capital Markets, Inc., NobleCon18 Small &...

2022-02-17 13:37:00

NOBLE Capital Markets, Inc., NobleCon18 Small & Microcap Investor Conference, Apr 19, 2022 through Apr 22, 2022. Venue: Hard Rock Guitar Hotel...

Negative

Rosen Law Firm Reminds Purchasers of the Securi...

2022-02-10 23:29:00

Rosen Law Firm reminds purchasers of the securities of Meta Materials Inc. f/k/a Torchlight Energy Resources Inc. between September 21, 2020 a...

Negative

The Schall Law Firm Reminds Investors of A Clas...

2022-01-03 21:41:00

The Schall Law Firm reminds investors of a class action lawsuit against Meta Materials Inc. violations of §§10(b) and 20(a) of the Securities ...

Positive

Meta Materials Inc.(NasdaqCM:MMAT) added to S&P...

2021-12-20 00:00:00

Meta Materials Inc.(NasdaqCM:MMAT) added to S&P Semiconductors Select Industry Index

Neutral

Meta Materials Inc. Presents at Singular Resear...

2021-12-10 12:34:00

Meta Materials Inc. Presents at Singular Research “Best of The Uncovereds”, Dec-09-2021 12:45 PM. Speakers: George Palikaras, Founder, CEO, Pr...

Negative

Meta Materials Inc. Announces Appointment of El...

2021-12-01 15:33:00

Meta Materials Inc. announced that Ms. Elsa Keita has joined the company as Executive Vice President, Corporate Strategy, Partnerships &Innova...

Neutral

Singular Research, LLC, Singular Research “Best...

2021-11-30 13:58:00

Singular Research, LLC, Singular Research “Best of The Uncovereds”, Dec 09, 2021.

Neutral

Meta Materials Inc. Presents at Sequire Clean T...

2021-11-30 06:15:00

Meta Materials Inc. Presents at Sequire Clean Tech & EV Conference, Dec-06-2021. Presentation Date(s): Dec-06-2021.

Neutral

Sequire, Sequire Clean Tech & EV Conference, De...

2021-11-29 00:00:00

Sequire, Sequire Clean Tech & EV Conference, Dec 06, 2021.

Neutral

Meta Materials Inc., Annual General Meeting, De...

2021-10-29 21:19:00

Meta Materials Inc., Annual General Meeting, Dec 03, 2021, at 11:00 US Eastern Standard Time. Agenda: To elect seven directors, Ram Ramkumar, ...

Neutral

Meta Materials Inc. - Shareholder/Analyst Call

2021-10-29 21:19:00

Meta Materials Inc. - Shareholder/Analyst Call

Negative

Meta Materials Inc. Appoints Carlos Smits as Vi...

2021-10-19 12:03:00

Meta Materials Inc. announced that it has appointed Mr. Carlos Smits as Vice President, Talent and Culture. Mr. Smits brings more than 25 year...

Positive

Meta Materials Inc. Commences Drilling Operatio...

2021-10-15 12:02:00

Meta Materials Inc. provided an update on the company's oil and gas assets and operations. Four wells must be drilled in the Orogrande project...

Neutral

Meta Materials Inc. Presents at Roth 10th Annua...

2021-10-14 19:13:00

Meta Materials Inc. Presents at Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov-18-2021 .

Neutral

Meta Materials Inc. Presents at Q4 Investor Sum...

2021-10-13 03:10:00

Meta Materials Inc. Presents at Q4 Investor Summit – Virtual Investor Conference, Nov-17-2021 12:30 PM. Speakers: Kenneth L. Rice, CFO & Executive VP.

Neutral

Meta Materials Inc. Presents at International I...

2021-09-28 19:56:00

Meta Materials Inc. Presents at International Investment Forum, Oct-14-2021 03:45 PM. Speakers: George Palikaras, Founder, CEO, President & Director.

Neutral

Apaton Finance GmbH, GBC AG, International Inve...

2021-09-28 15:40:00

Apaton Finance GmbH, GBC AG, International Investment Forum, Oct 14, 2021.

Neutral

Meta Materials Inc. Presents at LD Micro Main E...

2021-09-27 18:57:00

Meta Materials Inc. Presents at LD Micro Main Event, Oct-13-2021 10:00 AM. Venue: Luxe Sunset Boulevard Hotel in Bel Air, Los Angeles, Califor...

Negative

Meta Materials Inc. Announces Executive Appointments

2021-09-21 11:06:00

Meta Materials Inc. announced the appointment of two executives to newly created strategic positions: Shann Kerner, Ph.D., J.D., Chief Intelle...

Positive

Meta Materials Inc.(NasdaqCM:MMAT) added to S&P...

2021-09-20 00:00:00

Meta Materials Inc.(NasdaqCM:MMAT) added to S&P Global BMI Index

Neutral

Roth Capital Partners, LLC, Roth 10th Annual Te...

2021-09-18 12:11:00

Roth Capital Partners, LLC, Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov 16, 2021 through Nov 18, 2021.

Neutral

LD Micro, Inc., LD Micro Main Event, Oct 12, 20...

2021-09-13 13:00:00

LD Micro, Inc., LD Micro Main Event, Oct 12, 2021 through Oct 14, 2021. Venue: Luxe Sunset Boulevard Hotel in Bel Air, Los Angeles, California...

Neutral

Meta Materials Inc. has filed a Shelf Registrat...

2021-08-25 00:00:00

Meta Materials Inc. has filed a Shelf Registration in the amount of $110.125015 million. Security Name: Common Stock Securities Offered: 3...

Negative

Meta Materials Inc. Announces Renowned Scientis...

2021-08-19 12:20:00

Meta Materials Inc. announced the formation of a Scientific Advisory Board ("Board") to support its innovation and investment strategy and wel...

Neutral

Meta Materials Inc. to Report Q2, 2021 Results ...

2021-08-11 13:37:00

Meta Materials Inc. announced that they will report Q2, 2021 results After-Market on Aug 12, 2021

Negative

Meta Materials Inc. Announces Appointment of Ha...

2021-08-10 17:51:00

Meta Materials Inc. announced that Dr. Hai Sun has joined the company as Director of Lithography Manufacturing and Operations. Dr. Sun brings ...

Positive

Meta Materials Inc., Nanotech Security Corp. - M&A Call

2021-08-05 13:11:00

To review the acquisition transaction

Neutral

Super Ventures, AWE XR, LLC, Augmented World Ex...

2021-07-13 16:09:00

Super Ventures, AWE XR, LLC, Augmented World Expo, Nov 09, 2021 through Nov 11, 2021. Venue: Santa Clara Convention Center, Santa Clara, Calif...

Positive

Meta Completes UK-Funded Project Towards Develo...

2021-07-06 11:38:00

Meta Materials Inc. announced the conclusion of a 27-month long project to develop a non-invasive glucose sensing prototype, which combined ra...

Positive

Metamaterial Exchangeco Inc.(NasdaqCM:MMAT) add...

2021-06-30 00:00:00

Metamaterial Exchangeco Inc. has been added to Nasdaq Composite Index .

Negative

Meta Materials Inc. Announces Executive Changes

2021-06-29 21:20:00

On December 14, 2020, Meta Materials Inc. (formerly known as Torchlight Energy Resources Inc.) (the Company") and its subsidiaries, Metamateri...

Negative

Meta Materials Inc. Announces CFO Changes

2021-06-29 21:20:00

On December 14, 2020, Meta Materials Inc. (formerly known as Torchlight Energy Resources Inc.) (the Company") and its subsidiaries, Metamateri...

Negative

Meta Materials Inc. Announces Management Changes

2021-06-29 21:20:00

On December 14, 2020, Meta Materials Inc. (formerly known as Torchlight Energy Resources Inc.) (the Company") and its subsidiaries, Metamateri...

Negative

Meta Materials Inc. Announces Auditor Changes

2021-06-29 21:20:00

On December 14, 2020, Meta Materials Inc. (formerly known as Torchlight Energy Resources Inc.) (the Company") and its subsidiaries, Metamateri...

Neutral

Metamaterial Exchangeco Inc. - Special Call

2021-06-29 12:19:00

To discuss recent events and future growth initiatives of Meta Materials Inc

Positive

Metamaterial Inc. (CNSX:MMAT) completed the acq...

2021-06-28 00:00:00

Metamaterial Inc. (CNSX:MMAT) signed a non-binding letter of intent to acquire Torchlight Energy Resources, Inc. (NasdaqCM:TRCH) from Tom Welc...

Negative

Meta Materials Inc. has filed a Follow-on Equity Offering in the amount of $50.000003 million.

2022-06-24 00:00:00

Meta Materials Inc. has filed a Follow-on Equity Offering in the amount of $50.000003 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 37,037,039 Price\Range: $1.35 Security Name: Warrants Security Type: Equity Warrant Securities Offered: 37,037,039 Transaction Features: Registered Direct Offering

Positive

Meta Materials Inc. (NasdaqCM:MMAT) acquired Substantially all of the assets of Optodot Corporation for $34.9 million.

2022-06-22 00:00:00

Meta Materials Inc. (NasdaqCM:MMAT) entered into an Asset Purchase Agreement to acquire Substantially all of the assets of Optodot Corporation for $48.5 million on June 16, 2022. The acquisition consideration consists of $3.5 million in cash and $37.5 million in common stock and $7.5 million in restricted shares of Common Stock of Meta Materials Inc. The acquisition is subject to customary closing conditions and regulatory approvals. The transaction is expected to close on or about July 1, 2022. Hamilton Clark acted as a financial advisor to Meta Materials Inc. Ethan Lutske of Wilson Sonsini Goodrich & Rosati, P.C. is acting as legal counsel to Meta Materials Inc. Robert Burwell of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C and Amster, Rothstein & Ebenstein are acting as legal counsel to Optodot Corporation. Meta Materials Inc. (NasdaqCM:MMAT) acquired Substantially all of the assets of Optodot Corporation for $34.9 million on June 22, 2022. In connection with the closing of the Acquisition, the Company paid $3.5 million in cash and issued an aggregate of 26,766,265 shares of common stock, of which 4,461,044 shares are restricted subject to certain vesting milestones as set forth in the APA.

Positive

Meta Materials Inc. (NasdaqCM:MMAT) entered into an Asset Purchase Agreement to acquire Substantially all of the assets of Optodot Corporation for $48.5 million.

2022-06-17 00:00:00

Meta Materials Inc. (NasdaqCM:MMAT) entered into an Asset Purchase Agreement to acquire Substantially all of the assets of Optodot Corporation for $48.5 million on June 16, 2022. The acquisition consideration consists of $3.5 million in cash and $37.5 million in common stock and $7.5 million in restricted shares of Common Stock of Meta Materials Inc. The acquisition is subject to customary closing conditions and regulatory approvals. The transaction is expected to close on or about July 1, 2022. Hamilton Clark acted as a financial advisor to Meta Materials Inc. Ethan Lutske of Wilson Sonsini Goodrich & Rosati, P.C. is acting as legal counsel to Meta Materials Inc. Robert Burwell of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C and Amster, Rothstein & Ebenstein are acting as legal counsel to Optodot Corporation.

Neutral

Meta Materials Inc. has closed its Shelf Registration dated June 02, 2022 in the amount of $15.096774 million.

2022-06-10 00:00:00

Meta Materials Inc. has closed its Shelf Registration dated June 02, 2022 in the amount of $15.096774 million. Security Name: Common Stock Securities Offered: 9,677,419

Neutral

Meta Materials Inc. Presents at ROTH 8th Annual London Conference, Jun-21-2022 through Jun-23-2022

2022-06-09 10:52:00

Meta Materials Inc. Presents at ROTH 8th Annual London Conference, Jun-21-2022 through Jun-23-2022. Venue: London, United Kingdom. Presentation Date & Speakers: Jun-22-2022, George Palikaras, Founder, CEO, President & Director, Kenneth L. Rice, Executive VP, CFO & COO. Jun-23-2022, George Palikaras, Founder, CEO, President & Director, Kenneth L. Rice, Executive VP, CFO & COO.

Neutral

Meta Materials Inc. has filed a Shelf Registration in the amount of $18.580644 million.

2022-06-02 00:00:00

Meta Materials Inc. has filed a Shelf Registration in the amount of $18.580644 million. Security Name: Common Stock Securities Offered: 9,677,419

Positive

Meta Materials Inc. Demonstrates World's Most Transparent Antenna in Prescription Lenses for Extended Reality Applications

2022-06-01 19:05:00

Meta Materials Inc. announced the demonstration of the patent-pending, world's most transparent antenna in prescription lenses for Extended Reality (XR) applications at AWE USA 2022 in Santa Clara, CA. Transparent antennas for 5G and other frequency bands will be one of a wide range of functionalities which can be embedded into ophthalmic lenses using the ARfusionTM automated lens casting system. META will also deliver two presentations on June 1st and June 3rd: Automated Lens Casting Embedding Multi-Functional Metasurfaces for AR Displays, with Dr. Jonathan Waldern, and A Renaissance for Free Space Combiners, with Dr. Andrew Mark. META has developed NANOWEB®, a transparent and highly conductive metal mesh film, which is used to create optically transparent antennas. The antennas can be designed to operate at any frequency and can then be embedded into the ophthalmic lenses to maximize transmission and reception, reduce power consumption, and enable 5G bandwidth for edge to cloud computing. IDTechEx forecasts that by the end of 2032, the revenue generated by consumer mobile services will be approximately $800 billion. 5G connectivity directly offers several benefits: 100x more bandwidth, 10x decrease in latency, enhanced display resolution and wide field of view, telepresence for hands free expert support, eye tracking and seamless interaction with cloud-based AR applications, for example, bringing detailed information on demand to objects in the environment. META's ARfusionTM platform combines precision cast lens fabrication tools with functional nanomaterials. Recognizing the growing need for user prescriptions in AR eyewear, META has created a platform that allows developers to integrate waveguides and associated smart technologies into thin lightweight prescription glasses. ARfusionTM allows many smart technologies including waveguides, microdisplays, holographic components, liquid crystal and electrochromic foils, antifogging films, eye tracking devices, eyeglow suppression films, and antennas to be seamlessly integrated within smart lenses. The ARfusionTM fabrication process requires few steps, and is scalable, versatile, and cost-effective. Exhibition: Booth 219, Santa Clara Convention Center; Live Technology and Product Demos, June 2nd, 11:00 AM - 5:30 PM, June 3rd, 10:00 AM - 3:00 PM Presentations: Automated Lens Casting Embedding Multi-Functional Metasurfaces for AR Displays, Jonathan Waldern, Chief Technology Officer, June 1st, 4:35 PM - 5:00 PM, Mission City Ballroom - Main Stage. A Renaissance for Free Space Combiners, Andrew Mark, Director of Photonics, June 3rd, 3:05 PM - 3:30 PM, Grand Ballroom H - XR Enablement The prize of functional, lightweight, all-day wearable smart glasses remains as elusive as ever. The missing linchpin component is the optical combiner which must reconcile the conflicting requirements of see-through quality, display performance, light weight, efficiency, prescription compatibility, and aesthetics. META's approach to AR optical combiners is based on a free space architecture enabled by holographic optical elements. Combined with ophthalmic compatible ARfusionTM lens casting technology, the result is a monolithic combiner that provides extraordinary optical efficiency, ophthalmic grade see-through clarity, and the prescription and aesthetic properties that opticians, consumers, and regulators expect from eyewear. META's One-Stop-Shop approach to individualization circumvents many of the concerns around eyebox size and manufacturability.

Positive

Meta Materials and Ppg Announce Plans to Develop Electrochromic Applications for Ophthalmic Optics in the Extended Reality Market

2022-05-31 15:41:00

Meta Materials Inc. and PPG announced a memorandum of understanding ("MOU") to develop new ophthalmic smart devices primarily for extended reality (XR) applications. The collaboration focuses on developing dynamic dimming functionality of META's NANOWEB® transparent conductive film combined with PPG electrochromic gels and META's ARfusion platform. PPG and META believe that the XR market, which is an umbrella term that covers virtual reality (VR), augmented reality (AR), and mixed reality (MR) applications, can become more viable with more easily cured high index, multi-functional and lightweight smart lenses. Utilizing META's ARfusion proprietary technology with ultraviolet (UV) light for curing, the collaboration aims to optimize PPG's electrochromic gel in combination with PPG's UV-curable optical monomers to deliver enhanced dynamic dimming functionality for XR eyewear. These materials are being combined for the first time and are expected to lead to more cost-effective and sustainable manufacturing, benefiting all points in the supply chain, from manufacturer to consumer. META's ARfusion technology combines UV precision cast lens fabrication tools with functional materials to provide XR wearable developers with a one-stop-shop platform for seamlessly integrating smart technologies into thin, lightweight lenses. The Companies will jointly participate in customer demonstrations at the AWE USA show, June 1-3 at the Santa Clara Convention Center in California.

Neutral

Meta Materials Inc. Presents at 8th International Conference on Antennas and Electromagnetic Systems, May-26-2022

2022-05-26 06:21:00

Meta Materials Inc. Presents at 8th International Conference on Antennas and Electromagnetic Systems, May-26-2022 . Venue: Marrakesh, Morocco. Speakers: Panos Kosmas, VP Biomedical Engineering.

Negative

Meta Materials Inc. Appoints Raj V. Rajaram as Chief Marketing Officer

2022-05-17 12:05:00

Meta Materials Inc. announced the appointment of Dr. Raj V. Rajaram as Chief Marketing Officer. He brings more than twenty-five years of experience and numerous highly profitable successes as a senior global marketing and commercial operations executive within public and private companies across multiple industries, along with experience spearheading due diligence and integration of acquisitions in North America and across Europe. As CMO, Dr. Rajaram will be responsible for building and strengthening META's brand, supporting growth strategies, cultivating opportunities in new and existing markets, and increasing demand for META's products and solutions globally. META will invest in the newest marketing technologies to build a world-class digital marketing infrastructure. Dr. Rajaram was most recently Senior Vice President, Global Marketing with Protective Industries, where he led global strategic growth with a focus on digital marketing, e-commerce, and global expansion both organically and through M&A, while developing a structured process for continuously improving profitability.

Neutral

Meta Materials Inc. Presents at Third International Investment Form, May-19-2022 06:40 PM

2022-05-16 11:39:00

Meta Materials Inc. Presents at Third International Investment Form, May-19-2022 06:40 PM. Speakers: George Palikaras, Founder, CEO, President & Director.

Neutral

Apaton Finance Gmbh, GBC AG, Third International Investment Form, May 19, 2022

2022-05-16 11:03:00

Apaton Finance Gmbh, GBC AG, Third International Investment Form, May 19, 2022.

Neutral

Meta Materials Inc. to Report Q1, 2022 Results on May 10, 2022

2022-05-06 12:04:00

Meta Materials Inc. announced that they will report Q1, 2022 results After-Market on May 10, 2022

Neutral

Meta Materials Inc., Q1 2022 Earnings Call, May 11, 2022

2022-05-06 12:04:00

Meta Materials Inc., Q1 2022 Earnings Call, May 11, 2022

Neutral

ROTH Capital Partners, LLC, Canada Corporate Access Day, May 17, 2022

2022-05-05 16:22:00

ROTH Capital Partners, LLC, Canada Corporate Access Day, May 17, 2022. Venue: Newyork, New York, United States.

Neutral

Meta Materials Inc. Presents at Canada Corporate Access Day, May-17-2022 10:40 AM

2022-05-05 16:22:00

Meta Materials Inc. Presents at Canada Corporate Access Day, May-17-2022 10:40 AM. Venue: Newyork, New York, United States. Speakers: Kenneth L. Rice, Executive VP, CFO & COO.

Neutral

Meta Materials Inc. Presents at LD Micro Invitational XII Conference, Jun-07-2022 04:00 PM

2022-05-03 18:49:00

Meta Materials Inc. Presents at LD Micro Invitational XII Conference, Jun-07-2022 04:00 PM. Venue: Four Seasons Hotel, Westlake Village, Los Angeles, California, United States.

Negative

Meta Materials Inc. Appoints George Francis as Chief Information Officer

2022-04-27 13:30:00

Meta Materials Inc. announced the appointment of Mr. George Francis to the newly created position of Chief Information Officer. Mr. Francis brings over twenty-five years of experience across a diverse range of industries, including manufacturing, retail, distribution, services, and SaaS. He will lead the company’s design and implementation of IT architecture, systems, and cyber security, ensuring that META’s information technology capabilities more than adequate to meet all ongoing global regulatory and compliance requirements. He will also provide valuable insights into potential monetization of the data that META’s emerging products are likely to generate. Mr. Francis’ experience spans Information Technology Solutions, Digital Transformation and Cyber Security, including management of complex environments and leadership of large multidisciplinary teams in diversified industries, publicly traded and multinational, geographically distributed companies. Mr. Francis joins the company from Domtar Inc., he joined in 2009. As Senior Director, IT Shared Services & Cyber Security, he managed a team of 120 personnel and led the integration of multiple acquired companies into standard centralized IT solutions, implementing programs for data and asset protection and ensuring regulatory compliance.

Neutral

Meta Materials Inc. Presents at NobleCon18 Small & Microcap Investor Conference, Apr-19-2022 through Apr-22-2022

2022-04-14 12:05:00

Meta Materials Inc. Presents at NobleCon18 Small & Microcap Investor Conference, Apr-19-2022 through Apr-22-2022. Venue: Hard Rock Guitar Hotel, Direct Digital Holdings to Present at NobleCon18 - Noble Capital Markets' Eighteenth Annual, Hollywood, Florida, United States. Presentation Date(s): Apr-20-2022. Apr-21-2022.

Neutral

ROTH Capital Partners, LLC, ROTH 8th Annual London Conference, Jun 21, 2022 through Jun 23, 2022

2022-04-07 20:18:00

ROTH Capital Partners, LLC, ROTH 8th Annual London Conference, Jun 21, 2022 through Jun 23, 2022. Venue: London, United Kingdom.

Negative

Meta Materials Inc. Appoints John "Yiannis" Antoniades as Executive Vice President, Head of Engineering and Electro-Optical & Infrared Systems, Based in A New U.S. Office in Maryland

2022-04-06 12:05:00

Meta Materials Inc. announced that Dr. John "Yiannis" Antoniades has joined the Company as Executive Vice President, Head of Engineering and Electro-Optical & Infrared Systems (EO/IR), based in a new U.S. office in Maryland, which is planned to open in a few weeks. Dr. Antoniades brings over 35 years of experience in the system, hardware, and software development of advanced technology systems for a wide variety of applications, and he has demonstrated leadership in the academic, government and private sectors.

Positive

Meta Materials Inc. (NasdaqCM:MMAT) acquired Plasma App Ltd. for $17 million.

2022-04-04 00:00:00

Meta Materials Inc. (NasdaqCM:MMAT) acquired Plasma App Ltd. for $17 million on April 1, 2022. Founder Dmitry Yarmolich will join Meta. Meta Materials Inc. (NasdaqCM:MMAT) completed the acquisition of Plasma App Ltd. on April 1, 2022.

Neutral

Meta Materials Inc. Presents at CANSEC 2022, Jun-01-2022

2022-04-01 19:26:00

Meta Materials Inc. Presents at CANSEC 2022, Jun-01-2022 .

Neutral

The Canadian Association of Defence And Security Industries, CANSEC 2022, Jun 01, 2022 through Jun 02, 2022

2022-04-01 14:44:00

The Canadian Association of Defence And Security Industries, CANSEC 2022, Jun 01, 2022 through Jun 02, 2022.

Neutral

The Canadian Association of Defence And Security Industries, CANSEC 2022, Jun 01, 2022 through Jun 02, 2022

2022-04-01 14:44:00

The Canadian Association of Defence And Security Industries, CANSEC 2022, Jun 01, 2022 through Jun 02, 2022.

Neutral

LD Micro, Inc., LD Micro Invitational XII Conference, Jun 07, 2022 through Jun 09, 2022

2022-03-01 00:00:00

LD Micro, Inc., LD Micro Invitational XII Conference, Jun 07, 2022 through Jun 09, 2022. Venue: Four Seasons Hotel, Westlake Village, Los Angeles, California, United States.

Neutral

NOBLE Capital Markets, Inc., NobleCon18 Small & Microcap Investor Conference, Apr 19, 2022 through Apr 22, 2022

2022-02-17 13:37:00

NOBLE Capital Markets, Inc., NobleCon18 Small & Microcap Investor Conference, Apr 19, 2022 through Apr 22, 2022. Venue: Hard Rock Guitar Hotel, Direct Digital Holdings to Present at NobleCon18 - Noble Capital Markets' Eighteenth Annual, Hollywood, Florida, United States.

Negative

Rosen Law Firm Reminds Purchasers of the Securities of Meta Materials Inc

2022-02-10 23:29:00

Rosen Law Firm reminds purchasers of the securities of Meta Materials Inc. f/k/a Torchlight Energy Resources Inc. between September 21, 2020 and December 14, 2021, both dates inclusive (the “Class Period”), of the important March 4, 2022 lead plaintiff deadline in the securities class action first filed by the firm. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) the business combination of Torchlight Energy Resources Inc. and Metamaterial Inc. would result in an SEC investigation and subpoena in the matter captioned In the Matter of Torchlight Energy Resources Inc.; (2) the Company has materially overstated its business connections and dealings; (3) the Company has materially overstated its ability to produce and commercialize its products; (4) the Company has materially overstated its products’ novelty and capabilities; (5) the Company’s products did not have the potential to be disruptive because, among other things, the Company priced its products too high; and (6) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Negative

The Schall Law Firm Reminds Investors of A Class Action Lawsuit Against Meta Materials Inc

2022-01-03 21:41:00

The Schall Law Firm reminds investors of a class action lawsuit against Meta Materials Inc. violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the company's securities between September 21, 2020 and December 14, 2021, inclusive, are encouraged to contact the firm before March 4, 2022.

Positive

Meta Materials Inc.(NasdaqCM:MMAT) added to S&P Semiconductors Select Industry Index

2021-12-20 00:00:00

Meta Materials Inc.(NasdaqCM:MMAT) added to S&P Semiconductors Select Industry Index

Neutral

Meta Materials Inc. Presents at Singular Research “Best of The Uncovereds”, Dec-09-2021 12:45 PM

2021-12-10 12:34:00

Meta Materials Inc. Presents at Singular Research “Best of The Uncovereds”, Dec-09-2021 12:45 PM. Speakers: George Palikaras, Founder, CEO, President & Director.

Negative

Meta Materials Inc. Announces Appointment of Elsa Keita as Executive Vice President, Corporate Strategy, Partnerships & Innovation

2021-12-01 15:33:00

Meta Materials Inc. announced that Ms. Elsa Keita has joined the company as Executive Vice President, Corporate Strategy, Partnerships &Innovation. As a member of the META executive leadership team, she will be responsible for the Company's corporate strategy, and she will support and lead key strategic initiatives and partnerships. Ms. Keita joins META after twelve years with Airbus, where she served as VP Head of Strategic Partnerships and Innovation, Chief Innovation Officer Deputy, and Senior Director Business Development. She has led various forms of strategic partnerships including M&A and joint ventures in the field of aviation services. She established 15 strategic partnerships with deep tech start-ups in smart material &nanocomposites, 3D printing, cybersecurity, artificial intelligence for knowledge extraction, design optimization and quality nonconformity. Ms. Keita was honored with the "Rising Star Award" by Global Corporate Venturing in 2016 and has successfully raised over $1 billion in funding through debt, asset finance and equity in the transportation industry. Prior to Airbus, Ms. Keita held several positions in banking and finance, including Sales Finance Director with ATR, Customer Relationship Director with MUFG Corporate Banking, Structured Finance Manager with Alstom Corporate &Structured Finance, and Project Manager with JP Morgan Chase Structured Finance &Private Equity. Ms. Keita holds a Masters in Banking and Finance from Toulouse Business School and a Bachelor of Science in Business Administration from Northeastern University.

Neutral

Singular Research, LLC, Singular Research “Best of the Uncovereds”, Dec 09, 2021

2021-11-30 13:58:00

Singular Research, LLC, Singular Research “Best of The Uncovereds”, Dec 09, 2021.

Neutral

Meta Materials Inc. Presents at Sequire Clean Tech & EV Conference, Dec-06-2021

2021-11-30 06:15:00

Meta Materials Inc. Presents at Sequire Clean Tech & EV Conference, Dec-06-2021. Presentation Date(s): Dec-06-2021.

Neutral

Sequire, Sequire Clean Tech & EV Conference, Dec 06, 2021

2021-11-29 00:00:00

Sequire, Sequire Clean Tech & EV Conference, Dec 06, 2021.

Neutral

Meta Materials Inc., Annual General Meeting, Dec 03, 2021

2021-10-29 21:19:00

Meta Materials Inc., Annual General Meeting, Dec 03, 2021, at 11:00 US Eastern Standard Time. Agenda: To elect seven directors, Ram Ramkumar, George Palikaras, Maurice Guitton, Allison Christilaw, Steen Karsbo, Eric M. Leslie, and Ken Hannah, each for a one-year term to expire at the 2022 Annual Meeting of Stockholders, or until their successors are duly elected and qualified or until their earlier resignation or removal; to ratify the appointment of KPMG LLP as our independent registered public accounting firm for fiscal year ending December 31, 2021; and to approve the 2021 Equity Incentive Plan, utilizing the 3,500,000 shares reserved and unissued under the 2015 Stock Option and Grant Plan and the 6,445,745 shares reserved and unissued under the 2018 Stock Option and Grant plan to set the number of shares reserved for issuance under the 2021 Equity Incentive Plan at 34,945,745 shares; and to transact such other business as may properly come before the meeting.

Neutral

Meta Materials Inc. - Shareholder/Analyst Call

2021-10-29 21:19:00

Meta Materials Inc. - Shareholder/Analyst Call

Negative

Meta Materials Inc. Appoints Carlos Smits as Vice President, Talent and Culture

2021-10-19 12:03:00

Meta Materials Inc. announced that it has appointed Mr. Carlos Smits as Vice President, Talent and Culture. Mr. Smits brings more than 25 years of experience working with some of the world's most recognized corporations to help strengthen their talent, culture, and scale. He will be responsible for all human resources activities to support META's growth through talent and leadership development, talent acquisition, learning, diversity, and inclusion.

Positive

Meta Materials Inc. Commences Drilling Operations in Orogrande Project to Maintain Lease Compliance

2021-10-15 12:02:00

Meta Materials Inc. provided an update on the company's oil and gas assets and operations. Four wells must be drilled in the Orogrande project in 2021 to hold the lease for sale or spinout. Two wells are being drilled this month on one pad site, and the company expects to begin drilling a second pair of wells on another site in early November. The company believes that upon completing the drilling of these four wells, the Company will be in compliance with all aspects of its lease obligations, and the CDC with University Lands on the Orogrande project will be satisfied.

Neutral

Meta Materials Inc. Presents at Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov-18-2021

2021-10-14 19:13:00

Meta Materials Inc. Presents at Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov-18-2021 .

Neutral

Meta Materials Inc. Presents at Q4 Investor Summit – Virtual Investor Conference, Nov-17-2021 12:30 PM

2021-10-13 03:10:00

Meta Materials Inc. Presents at Q4 Investor Summit – Virtual Investor Conference, Nov-17-2021 12:30 PM. Speakers: Kenneth L. Rice, CFO & Executive VP.

Neutral

Meta Materials Inc. Presents at International Investment Forum, Oct-14-2021 03:45 PM

2021-09-28 19:56:00

Meta Materials Inc. Presents at International Investment Forum, Oct-14-2021 03:45 PM. Speakers: George Palikaras, Founder, CEO, President & Director.

Neutral

Apaton Finance GmbH, GBC AG, International Investment Forum, Oct 14, 2021

2021-09-28 15:40:00

Apaton Finance GmbH, GBC AG, International Investment Forum, Oct 14, 2021.

Neutral

Meta Materials Inc. Presents at LD Micro Main Event, Oct-13-2021 10:00 AM

2021-09-27 18:57:00

Meta Materials Inc. Presents at LD Micro Main Event, Oct-13-2021 10:00 AM. Venue: Luxe Sunset Boulevard Hotel in Bel Air, Los Angeles, California, United States. Speakers: Kenneth L. Rice, CFO & Executive VP.

Negative

Meta Materials Inc. Announces Executive Appointments

2021-09-21 11:06:00

Meta Materials Inc. announced the appointment of two executives to newly created strategic positions: Shann Kerner, Ph.D., J.D., Chief Intellectual Property Officer; and Ms. Cindy Roberts, Executive Vice President of Corporate Affairs & Chief of Staff. Bringing decades of experience, these new hires will expand and strengthen META's executive leadership team. Dr. Kerner will provide in-house expertise and strategic direction for META's rapidly growing intellectual property portfolio. Ms. Roberts will manage META's government and public relations and coordinate the interface to the expanding organization at the executive level. Dr. Kerner joins META from Lathrop GPM. Cindy Roberts rejoins META from Sustainable Marine, where she served as Vice President Communications.

Positive

Meta Materials Inc.(NasdaqCM:MMAT) added to S&P Global BMI Index

2021-09-20 00:00:00

Meta Materials Inc.(NasdaqCM:MMAT) added to S&P Global BMI Index

Neutral

Roth Capital Partners, LLC, Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov 16, 2021 through Nov 18, 2021

2021-09-18 12:11:00

Roth Capital Partners, LLC, Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov 16, 2021 through Nov 18, 2021.

Neutral

LD Micro, Inc., LD Micro Main Event, Oct 12, 2021 through Oct 14, 2021

2021-09-13 13:00:00

LD Micro, Inc., LD Micro Main Event, Oct 12, 2021 through Oct 14, 2021. Venue: Luxe Sunset Boulevard Hotel in Bel Air, Los Angeles, California, United States.

Neutral

Meta Materials Inc. has filed a Shelf Registration in the amount of $110.125015 million.

2021-08-25 00:00:00

Meta Materials Inc. has filed a Shelf Registration in the amount of $110.125015 million. Security Name: Common Stock Securities Offered: 30,847,343 Transaction Features: ESOP Related Offering

Negative

Meta Materials Inc. Announces Renowned Scientists to Join New Scientific Advisory Board

2021-08-19 12:20:00

Meta Materials Inc. announced the formation of a Scientific Advisory Board ("Board") to support its innovation and investment strategy and welcomes Andrea Alu, Ph.D., Mark Brongersma, Ph.D. and Nader Engheta, Ph.D. The Board will help the Company protect and grow existing scientific innovation; support its development of new technologies; assist with outreach to the scientific community; guide and oversee META's open innovation programs; and bring strategic perspectives to rapidly emerging science and technology trends impacting META. The Board is comprised of preeminent award-winning scientists, with over 140,000 combined citations, global experience, and research expertise across all areas of Metamaterials, Applied Physics, and Nanophotonics sciences. The Board will work with META's executive leadership and its Board of Directors to assess opportunities for M&A and to prioritize early-stage investments in strategic areas. They will also be tasked with collaborating with META's own scientific community to create proprietary insights and develop promising innovations to support customers. Members of the META Scientific Advisory Board: Professor Andrea Al-, Ph.D., MSc, BEng is the founding director of the Photonics Initiative at the CUNY Advanced Science Research Center, Einstein Professor of Physics at the CUNY Graduate Center, and Professor of Electrical Engineering at The City College of New York. Prof. Alu is also affiliated with the Wireless Networking and Communications Group at the University of Texas at Austin, where he is a Senior Research Scientist and Adjunct Professor. His research interests span over a broad range of technical areas, including applied electromagnetics, nano-optics and nanophotonics, microwave, THz, infrared, optical and acoustic metamaterials and metasurfaces, plasmonics, nonlinearities and nonreciprocity, cloaking and scattering control, acoustics, optical nanocircuits and nanoantennas. Professor Mark Brongersma, Ph.D., MSc, BEng is the Stephen Harris Professor of Materials Science and, by courtesy, of Applied Physics at Stanford University. His current research is directed toward the development and physical analysis of nanostructured materials that find application in nanoscale optoelectronic devices. He coined the terms Plasmonics and Mie-tronics for the fields of science and technology that aim to manipulate light with metallic and high-index nanostructures. Prof. Brongersma has authored\co-authored over 240 publications, including papers in Science, Nature Photonics, Nature Materials, and Nature Nanotechnology. He is a highly cited researcher as identified by Clarivate Analytics and has an h-factor of 89 according to Google Scholar. Professor Nader Engheta, Ph.D., MSc, BEng, is the H. Nedwill Ramsey Professor at the University of Pennsylvania in Philadelphia, with affiliations in the Departments of Electrical and Systems Engineering, Physics and Astronomy, Bioengineering, and Materials Science and Engineering. He received his BS degree from the University of Tehran, and his MS and Ph.D. degrees from Caltech. His current research activities span a broad range of areas including metamaterials, photonics, electrodynamics, microwaves, nano-optics, graphene photonics, imaging and sensing inspired by eyes of animal species, microwave and optical antennas, and physics and engineering of fields and waves.

Neutral

Meta Materials Inc. to Report Q2, 2021 Results on Aug 12, 2021

2021-08-11 13:37:00

Meta Materials Inc. announced that they will report Q2, 2021 results After-Market on Aug 12, 2021

Negative

Meta Materials Inc. Announces Appointment of Hai Sun as Director of Lithography Manufacturing and Operations

2021-08-10 17:51:00

Meta Materials Inc. announced that Dr. Hai Sun has joined the company as Director of Lithography Manufacturing and Operations. Dr. Sun brings more than 20 years of nanofabrication engineering and leadership experience. He will lead the lithography manufacturing team responsible for developing and sustaining the line processes for lithography across multiple products and technology platforms. Dr. Sun joins META from HRL Laboratories, where he was process integration section leader. Previously, Dr. Sun spent 19 years at Western Digital, first as a lithography R&D engineer, lithography R&D manager, and then Engineering Director leading both lithography R&D and HVM manufacturing. He made significant contributions to lithography process technology and led the lithography technology development and deployment for many generations of Western Digital products over the years.

Positive

Meta Materials Inc., Nanotech Security Corp. - M&A Call

2021-08-05 13:11:00

To review the acquisition transaction

Neutral

Super Ventures, AWE XR, LLC, Augmented World Expo, Nov 09, 2021 through Nov 11, 2021

2021-07-13 16:09:00

Super Ventures, AWE XR, LLC, Augmented World Expo, Nov 09, 2021 through Nov 11, 2021. Venue: Santa Clara Convention Center, Santa Clara, California, United States.

Positive

Meta Completes UK-Funded Project Towards Developing Non-Invasive Glucose Sensing System

2021-07-06 11:38:00

Meta Materials Inc. announced the conclusion of a 27-month long project to develop a non-invasive glucose sensing prototype, which combined radio wave and optical sensors to improve accuracy in predicting glucose level changes. The developed biosensing prototype is a critical step towards a "Home Hub" system targeted at monitoring biological parameters. The project was supported with about £911,000 (USD 1.25 Million) from Innovate UK, part of UK Research and Innovation, a non-departmental public body funded by a grant-in-aid from the UK government. This collaborative effort took place in the UK and involved four partners: META (via its wholly owned UK subsidiary, Medical Wireless Sensing Ltd.), The Imagination Factory, Virtual Clinic Direct, and Brunel Innovation Centre. During the project, several prototypes of the system were developed, designed for use by diabetes patients in point of care settings such as homes and clinics. The system consists of a "Home Hub" along with a wearable element for overnight trend monitoring. It uses multiwavelength biosensing technology, which combines optical and radio wave sensors along with machine learning processing. The project demonstrated in a laboratory environment that the system improves the accuracy in predicting glucose level changes, compared to using standalone sensors. Preliminary results of the project, using an early prototype system, were published in the journal Sensors, which may also be found on META's website under Applications /Medical Applications. The novel multiwavelength biosensing technology is protected with two patent applications filed in 2021 and extends the previous research work on this topic resulting in a total of 5 patent families, comprising 11 international patents (4 granted, 7 pending). To measure glucose non-invasively, glucoWISE® transmits signals through the web of skin between the thumb and forefinger. During previous published human studies, wearable metamaterial films have been demonstrated to help boost these signals by up to 240%, significantly enhancing the accuracy of the system. The team aims to continue the development and is in discussions with strategic partners who can accelerate the commercialization. The Company also envisions glucoWISE® technology built into a variety of form factors such as a discrete, pocket-sized, portable device, which will be paired with a smartphone App and cloud-based software support. META's core wearable metamaterial signal boosting technology can be applied to MRI (magnetic resonance imaging) and brain medical imaging as well as other medical sensing applications. To see a concept animation of the META glucoWISE® Home Hub system,refer to the META website under Applications /Medical Applications /Non-Invasive Glucose Monitoring.

Positive

Metamaterial Exchangeco Inc.(NasdaqCM:MMAT) added to NASDAQ Composite Index

2021-06-30 00:00:00

Metamaterial Exchangeco Inc. has been added to Nasdaq Composite Index .

Negative

Meta Materials Inc. Announces Executive Changes

2021-06-29 21:20:00

On December 14, 2020, Meta Materials Inc. (formerly known as Torchlight Energy Resources Inc.) (the Company") and its subsidiaries, Metamaterial Exchangeco Inc. (formerly named 2798832 Ontario Inc., Canco") and 2798831 Ontario Inc. (Callco"), both Ontario corporations, entered into an Arrangement Agreement (the Arrangement Agreement") with Metamaterial Inc., (Meta" and, together with the Company, Callco and Canco, the Parties"), to acquire all of the outstanding common shares of Meta by way of a statutory plan of arrangement (the Arrangement") under the Business Corporations Act (Ontario), on and subject to the terms and conditions of the Arrangement Agreement. On June 28, 2021, the Company completed the Arrangement pursuant to the terms of the Arrangement Agreement. Also, pursuant to the Arrangement Agreement, as of the June 28, 2021, John A. Brda resigned as the Company's Chief Executive Officer. As of the June 28, 2021, the Board appointed George Palikaras as the Company's Chief Executive Officer. In connection with their resignation, such officers resigned from all of the positions they held with the Company and its subsidiaries. George Palikaras, Ph.D. is the President and CEO of the Company, a position he has held since June 2021. Mr. Palikaras has held this role at Meta from the beginning of 2011 to June 2021. Mr. Palikaras presently holds no other directorships in publicly traded companies.

Negative

Meta Materials Inc. Announces CFO Changes

2021-06-29 21:20:00

On December 14, 2020, Meta Materials Inc. (formerly known as Torchlight Energy Resources Inc.) (the Company") and its subsidiaries, Metamaterial Exchangeco Inc. (formerly named 2798832 Ontario Inc., Canco") and 2798831 Ontario Inc. (Callco"), both Ontario corporations, entered into an Arrangement Agreement (the Arrangement Agreement") with Metamaterial Inc., (Meta" and, together with the Company, Callco and Canco, the Parties"), to acquire all of the outstanding common shares of Meta by way of a statutory plan of arrangement (the Arrangement") under the Business Corporations Act (Ontario), on and subject to the terms and conditions of the Arrangement Agreement. On June 28, 2021, the Company completed the Arrangement pursuant to the terms of the Arrangement Agreement. Also, pursuant to the Arrangement Agreement, as of the Effective Time, Roger N. Wurtele resigned as the Company's Chief Financial Officer. In connection with their resignation, such officers resigned from all of the positions they held with the Company and its subsidiaries. As of the Effective Time, the Board appointed Kenneth Rice as the Company's Chief Financial Officer. Mr. Rice has served as the Company's Chief Financial Officer and Executive Vice President since June 2021 and served as Meta's Chief Financial Officer and Executive Vice President from December 2020 to June 2021. From April 2016 to March 2019, Mr. Rice held the position of Senior Vice President of LikeMInds Inc. From April 2019 through November 2020 Mr. Rice was employed as CEO of Alderaan Group, a project management and consulting company.

Negative

Meta Materials Inc. Announces Management Changes

2021-06-29 21:20:00

On December 14, 2020, Meta Materials Inc. (formerly known as Torchlight Energy Resources Inc.) (the Company") and its subsidiaries, Metamaterial Exchangeco Inc. (formerly named 2798832 Ontario Inc., Canco") and 2798831 Ontario Inc. (Callco"), both Ontario corporations, entered into an Arrangement Agreement (the Arrangement Agreement") with Metamaterial Inc., (Meta" and, together with the Company, Callco and Canco, the Parties"), to acquire all of the outstanding common shares of Meta by way of a statutory plan of arrangement (the Arrangement") under the Business Corporations Act (Ontario), on and subject to the terms and conditions of the Arrangement Agreement. On June 28, 2021, the Company completed the Arrangement pursuant to the terms of the Arrangement Agreement. In accordance with the Arrangement Agreement, on June 24, 2021, effective as of the Effective Time EffectiveTime, Gregory McCabe, John A. Brda, Alexandre Zyngier, Michael J. Graves, and Robert L. Cook, resigned fromthe Board and any respective committees of the Board to which they belonged and George Palikaras, KennethHannah, Maurice Guitton, Eric Leslie, Ram Ramkumar, Allison Christilaw and Steen Karsbo were each appointed tothe Board, to serve until the next annual meeting of stockholders at which the members of the Board stand forelection (subject to the Company's amended and restated bylaws) or until such director's earlier death,resignation or removal or until such director's successor is duly elected and qualified.As of the Effective Time, the Board appointed Kenneth Rice as the Company's Executive Vice President, and JonathanWaldern as the Company's Chief Technical Officer.As of the Effective Time, the Board appointed George Palikaras as the Company's President.George Palikaras, Ph.D. is the President and CEO of the Company, a position he has held since June 2021. Mr.Palikaras has held this role at Meta from the beginning of 2011 to June 2021. Mr. Palikaras presently holds noother directorships in publicly traded companies. Mr. Palikaras has received Executive Education at Harvard,INSEAD, UCL and Stanford Business Schools.Mr. Rice has served as the Company's Chief Financial Officer and Executive Vice President since June 2021 andserved as Meta's Chief Financial Officer and Executive Vice President from December 2020 to June 2021. FromApril 2016 to March 2019, Mr. Rice held the position of Senior Vice President of LikeMInds Inc. From April2019 through November 2020.Mr. Waldern has served as the Chief Technology Officer of the Company since June 2021 and served as the ChiefTechnology of Meta from December 2020 to June 2021. From 2003 through November 2020 Jonathan was founder,chairman, Chief Executive Officer and Chief Financial Officer of SBG Labs (DBA DigiLens) in Sunnyvale.

Negative

Meta Materials Inc. Announces Auditor Changes

2021-06-29 21:20:00

On December 14, 2020, Meta Materials Inc. (formerly known as Torchlight Energy Resources Inc.) (the Company") and its subsidiaries, Metamaterial Exchangeco Inc. (formerly named 2798832 Ontario Inc., Canco") and 2798831 Ontario Inc. (Callco"), both Ontario corporations, entered into an Arrangement Agreement (the Arrangement Agreement") with Metamaterial Inc., (Meta" and, together with the Company, Callco and Canco, the Parties"), to acquire all of the outstanding common shares of Meta by way of a statutory plan of arrangement (the Arrangement") under the Business Corporations Act (Ontario), on and subject to the terms and conditions of the Arrangement Agreement. On June 28, 2021, the Company completed the Arrangement pursuant to the terms of the Arrangement Agreement. On June 28, 2021, the Audit Committee of the Board of Directors of the Company (the Board") (the Audit Committee") approved the dismissal of Briggs & Veselka Co. as the Company's independent registered public accounting firm, effective as of June 28, 2021. Prior to the completion of the Arrangement, Briggs & Veselka Co. served as the independent registered public accounting firm of the Company.Also on June 28, 2021, the Audit Committee approved the engagement of KPMG LLP as the Company's independentregistered public accounting firm for the year ending December 31, 2021.Prior to the completion of the Arrangement, KPMG LLP served as the independent auditors for Meta.

Neutral

Metamaterial Exchangeco Inc. - Special Call

2021-06-29 12:19:00

To discuss recent events and future growth initiatives of Meta Materials Inc

Positive

Metamaterial Inc. (CNSX:MMAT) completed the acquisition of Torchlight Energy Resources, Inc. (NasdaqCM:TRCH) from Tom Welch and others in a reverse merger transaction.

2021-06-28 00:00:00

Metamaterial Inc. (CNSX:MMAT) signed a non-binding letter of intent to acquire Torchlight Energy Resources, Inc. (NasdaqCM:TRCH) from Tom Welch and others for approximately $140 million in a reverse merger transaction on September 15, 2020. Metamaterial Inc. signed a definitive agreement to acquire Torchlight Energy Resources, Inc. in a reverse merger transaction on December 14, 2020. Torchlight will acquire 100% of Metamaterial through the issuance of common stock, such that at closing, the former equity holders of Torchlight would own 25% of the combined company with the former equity holders of Metamaterial owning the remaining 75%. Torchlight will issue 455 million shares in connection with the arrangement. Torchlight will divest within the first half of 2021 Torchlight's oil and gas assets for the benefit of Torchlight's legacy shareholders. Torchlight legacy shareholders will be entitled to a distribution of any values attributable to the sale of Torchlight's existing oil and gas business asset. Torchlight has loaned $0.5 million to Metamaterial pursuant to an unsecured convertible promissory note and has agreed to loan an additional $0.5 million to Metamaterial within 5 days of signing the definitive agreement. An entity owned by Greg McCabe, Torchlight's Chairman, provided a bridge loan to Torchlight for $1.5 million with a conversion feature of $0.375 per common share of Torchlight. As of February 4, 2021,Torchlight will use a portion of the net proceeds to provide $5 million of additional bridge financing to Metamaterial in the form of a third unsecured promissory note. Metamaterial will become a wholly owned subsidiary of Torchlight. If Torchlight and Metamaterial enter into a definitive agreement by the later of November 2, 2020 or such later date that is agreed to by Torchlight and Metamaterial in writing, the $0.5 million from the escrow account will be released to Torchlight and Torchlight will lend this amount to Metamaterial pursuant to another convertible promissory note. If Torchlight does not enter into a definitive agreement by the later of November 2, 2020 or such later date, that is agreed to by Torchlight and Metamaterial in writing, the $0.5 million from this escrow account will be released back to Greg McCabe and deducted from the principal amount outstanding under the Greg McCabe Note. The combined company, formerly known as Torchlight Energy Resources, Inc., will at closing focus its business to align with the current business of Metamaterial. The combined entity will be named as 'Meta Materials Inc.' and trade under the ticker "MMAT”. In case of termination, terminating party will be liable to pay a fee of $2 million. Following the closing of the transaction the Board of Directors of the combined company shall be comprised of seven members one of whom shall be appointed by Torchlight, subject to the approval of Metamaterial and one of whom shall be jointly agreed to by Metamaterial and Torchlight. Metamaterial shall appoint the five remaining members of the board, which members must include the required number of independent members to maintain the NASDAQ listing requirement. The current management of Torchlight will resign and be replaced Metamaterial's Chief Executive Officer, George Palikaras will be appointed Chief Executive Officer and President and Jonathan Waldern as the Chief Technical Officer of the combined company, along with the appointment of Kenneth Rice as Chief Financial Officer and Executive Vice President and Ram Ramkumar will serve as the Chairman of the Board of Directors. Allison Christilaw, Eric Leslie, Maurice Guitton, Ken Hannah and Steen Karsbo are expected to be appointed as Directors upon completion. Torchlight's management is to remain in an advisory role focused on winding down the Torchlight legacy business and maximizing the value obtained from the divestiture of the Torchlight oil and gas assets. Pursuant to the letter of intent, both Torchlight and Metamaterial are prohibited from directly or indirectly soliciting or participating in any discussions regarding a sale of their business until November 2, 2020, unless extended in writing by both parties. The transaction remains subject to completion of a due diligence review by each party and negotiation of definitive agreements, audits of Torchlight and Metamaterial and the structure may change due to tax or other transaction considerations. If a definitive agreement is entered into, it is expected that the closing of a transaction will include customary closing conditions including approval of Ontario Superior Court of Justice, dissenters rights limited, lock-up agreement, execution of support agreement, NASDAQ and CSE approval and approval by the shareholders of both companies. The transaction is also conditional on Torchlight raising gross proceeds of at least $10 million through the issuance of common stock or securities convertible into or exercisable for common stock prior to the effective time of the arrangement, all of our Torchlight is converted into shares of our common stock or repaid in full and the shares issuable in connection with the arrangement have been approved for listing on Nasdaq. The transaction has been unanimously approved by the directors of both Metamaterial and Torchlight. As of November 2, 2020, the non-binding letter of intent is extended to November 30, 2020 including without limitation the non-solicitation period. As of November 30, 2020, Torchlight and Metamaterial Inc. announced the extension of the non-binding letter of intent to December 11, 2020. On December 18, 2020, Torchlight loaned $0.5 million to Metamaterial pursuant to an unsecured convertible promissory note. As of February 4, 2021, the date by when the Metamaterial shareholders meeting must be held has been extended to March 31, 2021, and the date by when Metamaterial must apply to the Ontario Court has been extended to February 28, 2021. As of February 8, 2021, Torchlight carried out public offering of its shares, which constitutes the pre-closing financing condition for consummation of the transaction. On February 22, 2021, Torchlight loaned $10 million to Metamaterial evidenced by an unsecured convertible promissory note. As of June 11, 2021, the transaction is approved by the shareholders of Torchlight on the special meeting. The transaction is expected to close in the first half of 2021. The transaction is expected to be completed by March 19, 2021. As of March 15, 2021, the transaction is expected to close in the second quarter of 2021. As of June 21, 2021, the transaction is expected to close to June 30, 2021. As of June 25, 2021, the transaction is expected to close June 28, 2021. Roth Capital Partners acted as financial advisor and fairness opinion provider to Torchlight. Michael G. Urbani of Stikeman Elliott LLP and Michael A. Hedge and Jason C. Dreibelbis of K&L Gates LLP and Axelrod & Smith acted as legal advisors to Torchlight. Hamilton Clark and Cormark Securities acted as financial advisors and as fairness opinion provider to Metamaterial. John Sabetti, Tracy L. Hooey and Samuel R. Rickett of Fasken Martineau DuMoulin LLP; and Martin Waters and Ethan Lutske of Wilson Sonsini Goodrich & Rosati, P.C. acted as legal advisors to Metamaterial. D.F. King & Co., Inc. acted as the proxy solicitor to Torchlight and will be paid a fee of $10,000. Roth is entitled to receive a fee of $0.175 million for rendering its opinion to Torchlight and in addition, Torchlight agreed to reimburse Roth for its out of pocket expenses incurred in connection with its services, including fees and disbursements of its legal counsel, up to $0.035 million in the aggregate. Metamaterial Inc. (CNSX:MMAT) completed the acquisition of Torchlight Energy Resources, Inc. (NasdaqCM:TRCH) in a reverse merger transaction from Tom Welch and others on June 28, 2021. Roth is entitled to receive a fee of $0.175 million for rendering its opinion to Torchlight and in addition, Torchlight agreed to reimburse Roth for its out of pocket expenses incurred in connection with its services, including fees and disbursements of its legal counsel, up to $0.035 million in the aggregate.

Fundamental Summary

The financials published by Meta for Q1 were weak and discouraging. Specifically, their value and growth factors indicate an execution challenge when it comes to generating exciting and consistent growth. These results suggest a challenging future for Meta's stock. Correspondingly, Meta received a ranking of 47 and a UNDERPERFORM recommendation.

Meta reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 2.97 million compared to USD 0.596303 million a year ago. Net loss was USD 18.43 million compared to USD 44.16 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.26 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to USD 0.26 a year ago.

Business Description

Meta 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 in June 2021. Meta was incorporated in 2007 and is headquartered in Dartmouth, Canada.

Sector Overview

Meta is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. Meta's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 414.3 -4.5% 78
Liabilities 92.5 -6.8% 51
Price to Book 1.6 -22.0% 51
Cash & Equivalents 29.7 -36.2% 41
Equity 321.7 -3.9% 42
EBITDA -45.5 -35.0% 45
Total Revenues 6.5 58.3% 37
Parameter Value Change Score
Return on Equity -40.5 27.4% 70
Net Cashflow 17.4 -62.3% 85
Capital Expenditure -11.9 -2.3% 68
Asset Turnover 0.0 60.5% 97
Free Cashflow -0.2 -19.7% 56

* All values are TTM

The below chart reflects Meta's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Meta's peer average final assessment score stands on 52.0, Meta's score is 47.

  •  MMAT
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
indie Semiconductor, Inc. 752.7M 44 43 85
Underperform
50
50 0 1
Rigetti Computing, Inc. 426.1M 98 73 58
Buy
85
85 1 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 56 66 73
Hold
62
62 2 1
Transphorm, Inc. 260.9M 45 68 88
Hold
69
69 3 1
NVIDIA Corporation 422.4B 71 63 82
Hold
76
76 4 1
Intel Corporation 157.9B 77 76 58
Hold
75
75 5 1
Texas Instruments Incorporated 143.5B 76 74 70
Buy
80
80 6 1
QUALCOMM Incorporated 142.4B 82 66 77
Buy
82
82 7 1
Advanced Micro Devices, Inc. 139.6B 88 59 57
Hold
69
69 8 1
Broadcom Inc. 102.5B 62 71 85
Buy
79
79 9 1
Applied Materials, Inc. 84.9B 60 72 69
Hold
69
69 10 1
Analog Devices, Inc. 78.3B 69 65 84
Hold
78
78 11 1
Micron Technology, Inc. 65.6B 81 74 80
Strong Buy
89
89 12 1
Lam Research Corporation 62.4B 59 74 68
Hold
70
70 13 1
KLA Corporation 50.5B 66 67 74
Hold
72
72 14 1
NXP Semiconductors N.V. 41.7B 64 71 73
Hold
73
73 15 1
Marvell Technology, Inc. 40.5B 60 64 65
Hold
61
61 16 1
Microchip Technology Incorporated 33.6B 78 71 79
Buy
85
85 17 1
Enphase Energy, Inc. 27.8B 58 57 60
Underperform
53
53 18 1
GLOBALFOUNDRIES Inc. 24.5B 78 70 64
Hold
75
75 19 1
ON Semiconductor Corporation 23.5B 81 73 70
Buy
82
82 20 1
Monolithic Power Systems, Inc. 19.4B 84 66 77
Buy
83
83 21 1
SolarEdge Technologies, Inc. 16.5B 82 53 43
Underperform
54
54 22 1
Skyworks Solutions, Inc. 15.8B 62 70 71
Hold
70
70 23 1
Teradyne, Inc. 15.7B 51 75 68
Hold
66
66 24 1
Entegris, Inc. 14.2B 70 69 65
Hold
70
70 25 1
Qorvo, Inc. 10.6B 67 71 73
Hold
75
75 26 1
Wolfspeed, Inc. 8.7B 73 69 55
Hold
67
67 27 1
First Solar, Inc. 7.5B 58 73 53
Underperform
60
60 28 1
Lattice Semiconductor Corporation 7.2B 68 71 77
Hold
78
78 29 1
MKS Instruments, Inc. 6.0B 70 74 59
Hold
70
70 30 1
Universal Display Corporation 5.4B 75 68 71
Hold
76
76 31 1
Daqo New Energy Corp. 5.4B 93 65 89
Strong Buy
95
95 32 1
Silicon Laboratories Inc. 5.3B 71 70 86
Buy
84
84 33 1
CMC Materials, Inc. 5.2B 80 76 75
Strong Buy
87
87 34 1
Tower Semiconductor Ltd. 5.1B 65 79 68
Buy
79
79 35 1
Synaptics Incorporated 5.1B 81 68 67
Hold
76
76 36 1
Power Integrations, Inc. 4.5B 61 80 82
Buy
83
83 37 1
Amkor Technology, Inc. 4.3B 74 70 60
Hold
71
71 38 1
Cirrus Logic, Inc. 4.1B 86 67 91
Strong Buy
92
92 39 1
Allegro MicroSystems, Inc. 4.1B 74 61 56
Hold
62
62 40 1
SiTime Corporation 3.8B 58 64 62
Underperform
59
59 41 1
Onto Innovation Inc. 3.7B 77 67 85
Buy
85
85 42 1
Semtech Corporation 3.6B 67 75 78
Buy
80
80 43 1
MACOM Technology Solutions Holdings, Inc. 3.4B 69 76 69
Hold
77
77 44 1
JinkoSolar Holding Co., Ltd. 3.3B 89 62 74
Buy
81
81 45 1
SunPower Corporation 3.2B 61 49 74
Underperform
56
56 46 1
FormFactor, Inc. 3.1B 83 80 68
Strong Buy
87
87 47 1
Diodes Incorporated 3.1B 61 76 72
Hold
75
75 48 1
Silicon Motion Technology Corporation 2.9B 54 72 61
Hold
65
65 49 1
Nova Ltd. 2.8B 61 70 54
Hold
64
64 50 1
MaxLinear, Inc. 2.7B 76 75 88
Strong Buy
91
91 51 1
Ambarella, Inc. 2.7B 63 71 80
Hold
77
77 52 1
Kulicke and Soffa Industries, Inc. 2.7B 57 79 83
Buy
80
80 53 1
Rambus Inc. 2.4B 48 64 90
Hold
69
69 54 1
Canadian Solar Inc. 2.2B 58 72 71
Hold
72
72 55 1
Axcelis Technologies, Inc. 1.9B 81 67 82
Buy
85
85 56 1
Credo Technology Group Holding Ltd 1.7B 88 60 53
Hold
67
67 57 1
Himax Technologies, Inc. 1.6B 77 70 67
Buy
79
79 58 1
Impinj, Inc. 1.4B 72 59 65
Hold
65
65 59 1
Ultra Clean Holdings, Inc. 1.4B 63 63 62
Hold
60
60 60 1
Cohu, Inc. 1.4B 57 75 59
Hold
64
64 61 1
Photronics, Inc. 1.3B 68 71 83
Buy
81
81 62 1
Camtek Ltd. 1.1B 66 68 71
Hold
74
74 63 1
SMART Global Holdings, Inc. 1.1B 86 65 62
Hold
75
75 64 1
Veeco Instruments Inc. 1.0B 58 76 71
Hold
72
72 65 1
Alpha and Omega Semiconductor Limited 957.1M 77 69 54
Hold
68
68 66 1
ACM Research, Inc. 950.7M 52 67 50
Underperform
50
50 67 1
NeoPhotonics Corporation 837.4M 66 69 72
Hold
72
72 68 1
Hanwha Q CELLS Co., Ltd. 818.9M 72 70 68
Hold
71
71 69 1
PDF Solutions, Inc. 813.0M 62 71 89
Buy
82
82 70 1
CEVA, Inc. 804.5M 73 71 71
Hold
77
77 71 1
Ichor Holdings, Ltd. 789.3M 59 67 59
Underperform
59
59 72 1
Magnachip Semiconductor Corporation 681.9M 74 90 57
Buy
83
83 73 1
Mykrolis Corp. 657.1M 72 67 75
Hold
76
76 74 1
Maxeon Solar Technologies, Ltd. 603.6M 53 49 84
Hold
60
60 75 1
Navitas Semiconductor Corporation 575.2M 67 53 90
Hold
72
72 76 1
Helix Technology Corporation 364.9M 65 74 61
Hold
68
68 77 1
Valens Semiconductor Ltd. 350.3M 75 65 66
Hold
75
75 78 1
Rockley Photonics Holdings Limited 338.0M 41 79 59
Underperform
58
58 79 1
CyberOptics Corporation 278.5M 74 71 72
Buy
78
78 80 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Meta's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Meta's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 1.15
52W Low 1.15
52W High 7.96
5D MA 1.57
50D MA 1.51
200D MA 2.74
MACD -0.04
RSI 16.39
STOCH 0.0

Balance Sheet Analysis

Several numbers from Meta's current balance sheet were concerning, in two areas in particular: Cash & Equivalents and Equity. Meta's management did a relatively poor job managing cash and cash equivalents, which now sit at 29.7 and represents a -36.2% change from the last reporting period. The company's cash and cash equivalents metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their cash and cash equivalents with a score of 41. Also, Meta published concerning equity metrics for this filing. In the current report, equity stood at 321.7, which represents a -3.9% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 4.3%. These metrics are all the more disappointing relative to their peers and should blunt potential positive momentum in its's stock price. Consequently, their equity movement received a grade of 42. On the other hand, Assets, jumped out as looking rather positive. Meta assets on their balance sheet, moved to 414.3, which is a -4.5% change from the last period. This performance is interesting in comparison to its peers and competitors. Consequently, their asset movement received a grade of 78. Therefore, it received a cautionary score of 41.

Parameter Value Change Score
Assets 414.3 -4.5% 78
Liabilities 92.5 -6.8% 51
Price to Book 1.6 -22.0% 51
Cash & Equivalents 29.7 -36.2% 41
Equity 321.7 -3.9% 42
* All values are TTM

The below chart describes Meta's performance as reflected on its balance sheet with respect to its peers. While Meta received a balance sheet score of 41, the average of its peers stands on 48.0.

  •  MMAT
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
indie Semiconductor, Inc. 752.7M 49 54 72 56 56 44 0 1
Rigetti Computing, Inc. 426.1M 94 62 85 99 98 98 1 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 60 71 61 60 69 56 2 1
Transphorm, Inc. 260.9M 41 87 39 47 55 45 3 1
NVIDIA Corporation 422.4B 78 70 65 97 54 71 4 1
Intel Corporation 157.9B 65 69 76 90 81 77 5 1
Texas Instruments Incorporated 143.5B 63 70 87 46 84 76 6 1
QUALCOMM Incorporated 142.4B 57 71 96 80 81 82 7 1
Advanced Micro Devices, Inc. 139.6B 94 61 78 96 81 88 8 1
Broadcom Inc. 102.5B 67 79 59 56 54 62 9 1
Applied Materials, Inc. 84.9B 71 72 64 41 55 60 10 1
Analog Devices, Inc. 78.3B 62 80 66 65 66 69 11 1
Micron Technology, Inc. 65.6B 73 69 85 76 74 81 12 1
Lam Research Corporation 62.4B 73 77 59 51 45 59 13 1
KLA Corporation 50.5B 75 62 73 53 66 66 14 1
NXP Semiconductors N.V. 41.7B 72 68 56 62 76 64 15 1
Marvell Technology, Inc. 40.5B 71 84 50 46 51 60 16 1
Microchip Technology Incorporated 33.6B 65 84 76 72 65 78 17 1
Enphase Energy, Inc. 27.8B 89 61 39 97 55 58 18 1
GLOBALFOUNDRIES Inc. 24.5B 81 66 73 82 74 78 19 1
ON Semiconductor Corporation 23.5B 74 69 77 88 82 81 20 1
Monolithic Power Systems, Inc. 19.4B 85 65 75 92 80 84 21 1
SolarEdge Technologies, Inc. 16.5B 77 62 77 96 86 82 22 1
Skyworks Solutions, Inc. 15.8B 69 77 64 46 52 62 23 1
Teradyne, Inc. 15.7B 48 81 63 45 47 51 24 1
Entegris, Inc. 14.2B 62 71 75 55 79 70 25 1
Qorvo, Inc. 10.6B 64 83 64 67 55 67 26 1
Wolfspeed, Inc. 8.7B 96 63 58 97 56 73 27 1
First Solar, Inc. 7.5B 77 70 50 58 57 58 28 1
Lattice Semiconductor Corporation 7.2B 53 79 79 60 64 68 29 1
MKS Instruments, Inc. 6.0B 59 74 72 76 72 70 30 1
Universal Display Corporation 5.4B 57 76 83 85 70 75 31 1
Daqo New Energy Corp. 5.4B 92 62 81 95 93 93 32 1
Silicon Laboratories Inc. 5.3B 89 81 60 45 47 71 33 1
CMC Materials, Inc. 5.2B 65 79 73 87 82 80 34 1
Tower Semiconductor Ltd. 5.1B 68 72 69 61 57 65 35 1
Synaptics Incorporated 5.1B 71 71 78 92 76 81 36 1
Power Integrations, Inc. 4.5B 55 82 59 79 56 61 37 1
Amkor Technology, Inc. 4.3B 70 68 75 74 77 74 38 1
Cirrus Logic, Inc. 4.1B 73 76 81 96 74 86 39 1
Allegro MicroSystems, Inc. 4.1B 68 69 74 80 76 74 40 1
SiTime Corporation 3.8B 57 67 65 73 64 58 41 1
Onto Innovation Inc. 3.7B 84 71 67 72 73 77 42 1
Semtech Corporation 3.6B 58 79 68 67 64 67 43 1
MACOM Technology Solutions Holdings, Inc. 3.4B 64 75 74 38 75 69 44 1
JinkoSolar Holding Co., Ltd. 3.3B 87 62 77 94 94 89 45 1
SunPower Corporation 3.2B 72 81 42 83 53 61 46 1
FormFactor, Inc. 3.1B 72 70 84 82 80 83 47 1
Diodes Incorporated 3.1B 46 78 71 51 72 61 48 1
Silicon Motion Technology Corporation 2.9B 40 85 60 40 47 54 49 1
Nova Ltd. 2.8B 86 45 76 48 82 61 50 1
MaxLinear, Inc. 2.7B 68 71 75 85 75 76 51 1
Ambarella, Inc. 2.7B 45 75 74 86 65 63 52 1
Kulicke and Soffa Industries, Inc. 2.7B 45 83 61 76 56 57 53 1
Rambus Inc. 2.4B 43 82 41 95 54 48 54 1
Canadian Solar Inc. 2.2B 91 54 59 62 62 58 55 1
Axcelis Technologies, Inc. 1.9B 76 68 85 71 74 81 56 1
Credo Technology Group Holding Ltd 1.7B 94 61 77 79 86 88 57 1
Himax Technologies, Inc. 1.6B 78 55 91 85 95 77 58 1
Impinj, Inc. 1.4B 62 68 78 39 92 72 59 1
Ultra Clean Holdings, Inc. 1.4B 55 78 68 48 68 63 60 1
Cohu, Inc. 1.4B 52 82 57 59 59 57 61 1
Photronics, Inc. 1.3B 53 85 66 76 66 68 62 1
Camtek Ltd. 1.1B 63 61 82 37 90 66 63 1
SMART Global Holdings, Inc. 1.1B 90 63 75 95 82 86 64 1
Veeco Instruments Inc. 1.0B 84 72 41 78 47 58 65 1
Alpha and Omega Semiconductor Limited 957.1M 89 64 67 87 67 77 66 1
ACM Research, Inc. 950.7M 87 57 51 43 50 52 67 1
NeoPhotonics Corporation 837.4M 89 66 49 72 64 66 68 1
Hanwha Q CELLS Co., Ltd. 818.9M 60 93 47 85 74 72 69 1
PDF Solutions, Inc. 813.0M 54 81 64 90 51 62 70 1
CEVA, Inc. 804.5M 82 74 60 87 60 73 71 1
Ichor Holdings, Ltd. 789.3M 59 76 65 38 63 59 72 1
Magnachip Semiconductor Corporation 681.9M 56 78 79 72 72 74 73 1
Mykrolis Corp. 657.1M 77 53 73 92 79 72 74 1
Maxeon Solar Technologies, Ltd. 603.6M 87 68 40 78 38 53 75 1
Navitas Semiconductor Corporation 575.2M 37 80 80 62 80 67 76 1
Helix Technology Corporation 364.9M 66 77 79 85 52 65 77 1
Valens Semiconductor Ltd. 350.3M 92 70 66 45 73 75 78 1
Rockley Photonics Holdings Limited 338.0M 48 82 40 37 52 41 79 1
CyberOptics Corporation 278.5M 71 66 72 64 86 74 80 1

Income Statement Analysis

Meta's most recent income statement report was not encouraging. Meta management did an underwhelming job managing revenue efficiency this past period. Meta's revenue efficiency is 6.5 according to the metrics in the current filing, which represents a 58.3% change from the previous report. This metric might have a 18.5 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency, specifically in contrast to their industry peers', isn't encouraging. As a result, their revenue efficiency earned a score of 37. Also, Meta's management didn't make significant improvements to their EBITDA this period. In terms of the raw numbers, EBITDA was reported as -45.5, which represents a -35.0% change from the last period. This metric might have a 13.2 percent impact on companies in the same industry and with the same market capitalization. Meta appears to be headed in the wrong direction in terms of EBITDA momentum, likely due to insufficient capital controls and a weaker than expected overall financial performance. Its EBITDA movement, therefore, received a grade of 45. However, one encouraging metric, Return Factors, stood out. Return factors metrics and ratios were exceptional in this report. Meta reported a return on equity (ROE) ratio of -40.5, representing a change of 27.4% from the last report. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 70. Therefore, its income statement earned a grade of 43.

Parameter Value Change Score
EBITDA -45.5 -35.0% 45
Total Revenues 6.5 58.3% 37
Return on Equity -40.5 27.4% 70
* All values are TTM

The below chart describes Meta's performance as reflected on its income statement with respect to its peers. While Meta received a income statement score of 43 , the average of its peers stands on 41.0.

  •  MMAT
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
indie Semiconductor, Inc. 752.7M 37 47 69 43 0 1
Rigetti Computing, Inc. 426.1M 92 44 69 73 1 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 87 49 76 66 2 1
Transphorm, Inc. 260.9M 37 81 97 68 3 1
NVIDIA Corporation 422.4B 46 83 68 63 4 1
Intel Corporation 157.9B 90 55 73 76 5 1
Texas Instruments Incorporated 143.5B 69 78 71 74 6 1
QUALCOMM Incorporated 142.4B 48 87 79 66 7 1
Advanced Micro Devices, Inc. 139.6B 40 89 38 59 8 1
Broadcom Inc. 102.5B 59 80 90 71 9 1
Applied Materials, Inc. 84.9B 72 68 73 72 10 1
Analog Devices, Inc. 78.3B 40 91 93 65 11 1
Micron Technology, Inc. 65.6B 59 88 90 74 12 1
Lam Research Corporation 62.4B 80 63 75 74 13 1
KLA Corporation 50.5B 56 77 77 67 14 1
NXP Semiconductors N.V. 41.7B 59 79 90 71 15 1
Marvell Technology, Inc. 40.5B 41 89 88 64 16 1
Microchip Technology Incorporated 33.6B 57 83 92 71 17 1
Enphase Energy, Inc. 27.8B 45 74 55 57 18 1
GLOBALFOUNDRIES Inc. 24.5B 50 93 85 70 19 1
ON Semiconductor Corporation 23.5B 53 92 94 73 20 1
Monolithic Power Systems, Inc. 19.4B 45 90 83 66 21 1
SolarEdge Technologies, Inc. 16.5B 41 70 48 53 22 1
Skyworks Solutions, Inc. 15.8B 69 70 63 70 23 1
Teradyne, Inc. 15.7B 88 57 62 75 24 1
Entegris, Inc. 14.2B 56 80 80 69 25 1
Qorvo, Inc. 10.6B 76 65 63 71 26 1
Wolfspeed, Inc. 8.7B 49 90 86 69 27 1
First Solar, Inc. 7.5B 98 43 40 73 28 1
Lattice Semiconductor Corporation 7.2B 54 88 89 71 29 1
MKS Instruments, Inc. 6.0B 78 66 65 74 30 1
Universal Display Corporation 5.4B 71 63 61 68 31 1
Daqo New Energy Corp. 5.4B 37 96 94 65 32 1
Silicon Laboratories Inc. 5.3B 44 96 98 70 33 1
CMC Materials, Inc. 5.2B 72 76 93 76 34 1
Tower Semiconductor Ltd. 5.1B 63 87 82 79 35 1
Synaptics Incorporated 5.1B 45 91 90 68 36 1
Power Integrations, Inc. 4.5B 80 76 83 80 37 1
Amkor Technology, Inc. 4.3B 63 76 77 70 38 1
Cirrus Logic, Inc. 4.1B 42 92 93 67 39 1
Allegro MicroSystems, Inc. 4.1B 68 48 67 61 40 1
SiTime Corporation 3.8B 39 93 78 64 41 1
Onto Innovation Inc. 3.7B 47 87 89 67 42 1
Semtech Corporation 3.6B 64 84 87 75 43 1
MACOM Technology Solutions Holdings, Inc. 3.4B 74 77 73 76 44 1
JinkoSolar Holding Co., Ltd. 3.3B 38 89 81 62 45 1
SunPower Corporation 3.2B 49 43 72 49 46 1
FormFactor, Inc. 3.1B 79 76 83 80 47 1
Diodes Incorporated 3.1B 66 84 86 76 48 1
Silicon Motion Technology Corporation 2.9B 54 83 78 72 49 1
Nova Ltd. 2.8B 41 89 78 70 50 1
MaxLinear, Inc. 2.7B 56 92 96 75 51 1
Ambarella, Inc. 2.7B 56 89 79 71 52 1
Kulicke and Soffa Industries, Inc. 2.7B 73 82 85 79 53 1
Rambus Inc. 2.4B 48 85 62 64 54 1
Canadian Solar Inc. 2.2B 73 76 53 72 55 1
Axcelis Technologies, Inc. 1.9B 44 91 91 67 56 1
Credo Technology Group Holding Ltd 1.7B 38 88 63 60 57 1
Himax Technologies, Inc. 1.6B 53 84 66 70 58 1
Impinj, Inc. 1.4B 64 53 52 59 59 1
Ultra Clean Holdings, Inc. 1.4B 53 73 71 63 60 1
Cohu, Inc. 1.4B 92 53 49 75 61 1
Photronics, Inc. 1.3B 55 86 92 71 62 1
Camtek Ltd. 1.1B 50 81 71 68 63 1
SMART Global Holdings, Inc. 1.1B 48 86 68 65 64 1
Veeco Instruments Inc. 1.0B 66 84 91 76 65 1
Alpha and Omega Semiconductor Limited 957.1M 62 75 76 69 66 1
ACM Research, Inc. 950.7M 88 42 42 67 67 1
NeoPhotonics Corporation 837.4M 45 95 90 69 68 1
Hanwha Q CELLS Co., Ltd. 818.9M 90 59 63 70 69 1
PDF Solutions, Inc. 813.0M 49 95 89 71 70 1
CEVA, Inc. 804.5M 51 90 97 71 71 1
Ichor Holdings, Ltd. 789.3M 72 60 55 67 72 1
Magnachip Semiconductor Corporation 681.9M 94 80 88 90 73 1
Mykrolis Corp. 657.1M 68 68 58 67 74 1
Maxeon Solar Technologies, Ltd. 603.6M 50 49 60 49 75 1
Navitas Semiconductor Corporation 575.2M 56 45 72 53 76 1
Helix Technology Corporation 364.9M 89 47 51 74 77 1
Valens Semiconductor Ltd. 350.3M 41 86 65 65 78 1
Rockley Photonics Holdings Limited 338.0M 97 50 83 79 79 1
CyberOptics Corporation 278.5M 54 87 87 71 80 1

Cash Flow Analysis

Two main cash flow metrics, Asset Turnover and Net Cash Flow, are driving the positive outlook for Meta's financial strength. Meta is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 0.0, representing a 60.5% change from the previous period. This metric might have a 10.7 percent impact on companies in the same industry and with the same market capitalization. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. Therefore, its asset turnover movement earned a score of 97. Also, Meta's strong net cash flow numbers, which were 17.4 in this filing, showed a -62.3% change from the last period. Their net cash flow metrics are especially remarkable relative to their peers. Hence, its net cash flow earned a score of 85. On the other hand, Free Cash flow, jumped out as looking rather underwhelming. Meta did a poor job related to generating and maintaining strong free cash flow this period, which stood at -0.2, representing a -19.7% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 7.4%. their free cash flow situation appears to be much weaker than their peers. Management needs to do a better job balancing cash flow, asset growth, and resources allocations in general. Its free cash flow movement, therefore, received a grade of 56. Its cash flow received an overall score of 84.

Parameter Value Change Score
Net Cashflow 17.4 -62.3% 85
Capital Expenditure -11.9 -2.3% 68
Asset Turnover 0.0 60.5% 97
Free Cashflow -0.2 -19.7% 56
* All values are TTM

The below chart describes Meta's performance as reflected on its cash flow with respect to its peers. While Meta received a cash flow score of 84, the average of its peers stands on 78.0.

  •  MMAT
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
indie Semiconductor, Inc. 752.7M 69 80 52 98 85 0 1
Rigetti Computing, Inc. 426.1M 48 76 51 60 58 1 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 66 64 68 94 73 2 1
Transphorm, Inc. 260.9M 81 87 96 94 88 3 1
NVIDIA Corporation 422.4B 93 65 61 86 82 4 1
Intel Corporation 157.9B 57 72 68 53 58 5 1
Texas Instruments Incorporated 143.5B 74 74 63 69 70 6 1
QUALCOMM Incorporated 142.4B 65 65 70 87 77 7 1
Advanced Micro Devices, Inc. 139.6B 93 66 69 37 57 8 1
Broadcom Inc. 102.5B 74 76 87 89 85 9 1
Applied Materials, Inc. 84.9B 75 59 69 72 69 10 1
Analog Devices, Inc. 78.3B 78 76 51 94 84 11 1
Micron Technology, Inc. 65.6B 81 85 81 74 80 12 1
Lam Research Corporation 62.4B 72 60 56 75 68 13 1
KLA Corporation 50.5B 70 76 52 79 74 14 1
NXP Semiconductors N.V. 41.7B 59 72 51 85 73 15 1
Marvell Technology, Inc. 40.5B 94 84 58 46 65 16 1
Microchip Technology Incorporated 33.6B 80 79 48 84 79 17 1
Enphase Energy, Inc. 27.8B 89 77 64 40 60 18 1
GLOBALFOUNDRIES Inc. 24.5B 54 86 45 64 64 19 1
ON Semiconductor Corporation 23.5B 60 79 55 74 70 20 1
Monolithic Power Systems, Inc. 19.4B 84 78 59 75 77 21 1
SolarEdge Technologies, Inc. 16.5B 46 38 55 52 43 22 1
Skyworks Solutions, Inc. 15.8B 78 57 79 73 71 23 1
Teradyne, Inc. 15.7B 75 65 66 68 68 24 1
Entegris, Inc. 14.2B 60 57 50 77 65 25 1
Qorvo, Inc. 10.6B 78 65 87 71 73 26 1
Wolfspeed, Inc. 8.7B 57 74 76 46 55 27 1
First Solar, Inc. 7.5B 46 84 56 46 53 28 1
Lattice Semiconductor Corporation 7.2B 79 77 43 82 77 29 1
MKS Instruments, Inc. 6.0B 58 58 92 56 59 30 1
Universal Display Corporation 5.4B 74 81 68 65 71 31 1
Daqo New Energy Corp. 5.4B 78 86 63 96 89 32 1
Silicon Laboratories Inc. 5.3B 70 89 81 88 86 33 1
CMC Materials, Inc. 5.2B 72 66 68 80 75 34 1
Tower Semiconductor Ltd. 5.1B 76 57 55 58 68 35 1
Synaptics Incorporated 5.1B 85 62 98 55 67 36 1
Power Integrations, Inc. 4.5B 88 77 64 82 82 37 1
Amkor Technology, Inc. 4.3B 46 57 61 71 60 38 1
Cirrus Logic, Inc. 4.1B 83 98 61 90 91 39 1
Allegro MicroSystems, Inc. 4.1B 56 56 77 56 56 40 1
SiTime Corporation 3.8B 83 87 56 44 62 41 1
Onto Innovation Inc. 3.7B 95 65 88 85 85 42 1
Semtech Corporation 3.6B 79 78 58 79 78 43 1
MACOM Technology Solutions Holdings, Inc. 3.4B 46 78 54 78 69 44 1
JinkoSolar Holding Co., Ltd. 3.3B 67 69 73 78 74 45 1
SunPower Corporation 3.2B 84 41 39 93 74 46 1
FormFactor, Inc. 3.1B 78 81 66 58 68 47 1
Diodes Incorporated 3.1B 77 61 52 80 72 48 1
Silicon Motion Technology Corporation 2.9B 63 53 46 85 61 49 1
Nova Ltd. 2.8B 58 53 39 56 54 50 1
MaxLinear, Inc. 2.7B 90 92 80 81 88 51 1
Ambarella, Inc. 2.7B 84 95 45 75 80 52 1
Kulicke and Soffa Industries, Inc. 2.7B 93 81 83 74 83 53 1
Rambus Inc. 2.4B 96 73 89 89 90 54 1
Canadian Solar Inc. 2.2B 69 70 74 68 71 55 1
Axcelis Technologies, Inc. 1.9B 81 77 68 85 82 56 1
Credo Technology Group Holding Ltd 1.7B 60 85 37 43 53 57 1
Himax Technologies, Inc. 1.6B 66 77 48 79 67 58 1
Impinj, Inc. 1.4B 70 38 85 73 65 59 1
Ultra Clean Holdings, Inc. 1.4B 68 41 41 76 62 60 1
Cohu, Inc. 1.4B 92 62 71 44 59 61 1
Photronics, Inc. 1.3B 65 92 96 79 83 62 1
Camtek Ltd. 1.1B 69 70 74 72 71 63 1
SMART Global Holdings, Inc. 1.1B 47 85 95 54 62 64 1
Veeco Instruments Inc. 1.0B 73 82 48 69 71 65 1
Alpha and Omega Semiconductor Limited 957.1M 49 64 45 59 54 66 1
ACM Research, Inc. 950.7M 62 43 50 54 50 67 1
NeoPhotonics Corporation 837.4M 50 63 67 87 72 68 1
Hanwha Q CELLS Co., Ltd. 818.9M 64 63 74 73 68 69 1
PDF Solutions, Inc. 813.0M 81 98 45 92 89 70 1
CEVA, Inc. 804.5M 57 54 84 83 71 71 1
Ichor Holdings, Ltd. 789.3M 51 37 87 71 59 72 1
Magnachip Semiconductor Corporation 681.9M 65 56 76 54 57 73 1
Mykrolis Corp. 657.1M 65 69 68 82 75 74 1
Maxeon Solar Technologies, Ltd. 603.6M 87 90 59 88 84 75 1
Navitas Semiconductor Corporation 575.2M 70 87 94 93 90 76 1
Helix Technology Corporation 364.9M 75 62 63 56 61 77 1
Valens Semiconductor Ltd. 350.3M 53 89 90 46 66 78 1
Rockley Photonics Holdings Limited 338.0M 80 72 66 46 59 79 1
CyberOptics Corporation 278.5M 49 74 89 78 72 80 1

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