Meta Materials Inc. (MMAT) | Investment Case

1. Company Snapshot

1.a. Company Description

Meta Materials Inc.invents, designs, develops, and manufactures various functional materials and nanocomposites.Its products include metaAIR, a laser glare protection eyewear; NANOWEB, a transparent conductive film; holoOPTIX, a holographic optical element; glucoWISE, a non-invasive glucose measurement device; and metaSURFACE, which allows an enhancement in signal to noise ratio of up to 40 times for magnetic resonance imaging scans.

The company also develops and produces nano-optic structures and color-shifting foils that are used in authentication and brand protection applications in various markets, including banknotes, secure government documents, and commercial branding, as well as engages in the research, development, and manufacture of smart materials.Its customers are OEM providers in various industries, including aerospace, automotive, consumer electronics, communications, energy, banknote and brand security, and medical devices.The company was formerly known as Torchlight Energy Resources, Inc.

and changed its name to Meta Materials Inc.in June 2021.Meta Materials Inc.

was incorporated in 2007 and is headquartered in Dartmouth, Canada.

Show Full description

1.b. Last Insights on MMAT

Negative drivers behind Meta Materials Inc.'s recent performance include allegations of naked short selling, securities violations, and market manipulation. The company launched a legal investigation into allegations of naked short selling, which led to the conclusion that it has meritorious claims for market manipulation against several parties. Additionally, Meta Materials was charged with violating federal securities laws and agreed to settle the charges with a $1 million fine. The company's former CEOs were also charged with market manipulation, fraud, and other violations. These negative events have likely had a significant impact on the company's recent performance.

1.c. Company Highlights

Last Price	0.53
Change Percentage	-17.84%
Open	0.65
Previous Close	0.64
Market Cap ( Millions)	4
Volume	881140
Year High	25
Year Low	0.5
M A 50	2.46
M A 200	4.27

FCF Yield	-7550746.27%
Dividend Yield	0.00%
ROE	-198.87%
Debt / Equity	50.83%
Net Debt / EBIDTA	-0.37%
Price To Book	0.0
Price Earnings Ratio	-0.0
Price To FCF	-0.0
Price To sales	0.0
EV / EBITDA	-0.0

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Why Is Meta Materials (MMAT) Stock Down 14% Today?

Aug -12

Source: investorplace.com

MMAT Stock Alert: Meta Materials Will Pay $1 Million to Settle Securities Violations

Jun -25

Source: investorplace.com

SEC Charges Meta Materials and Former CEOs with Market Manipulation, Fraud and Other Violations

Jun -25

Source: newsfilecorp.com

Shhh! 3 Growth Stocks That Could Be the Market's Best-Kept Secrets

Jun -17

Source: investorplace.com

Looming Deadline - Levi & Korsinsky Encourages Shareholders of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (MMAT) to File a Share in Class Action Recovery

Jun -04

Source: accesswire.com

Meme Stock Madness: 3 Overcooked Stocks to Offload Now

May -30

Source: investorplace.com

Levi & Korsinsky, LLP Notifies Shareholders of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (MMAT) an Upcoming Claims Deadline in a Class Action Settlement

May -30

Source: accesswire.com

MMAT Stock Surges as Lawyers Back Up Naked Shorting Allegations

May -21

Source: investorplace.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (13.66%)

6. Segments

Contract

Expected Growth: 14.17%

Meta Materials Inc.'s 14.17% growth is driven by increasing demand for 5G and 6G technologies, expansion into new markets, and strategic partnerships. The company's innovative metamaterials-based solutions for antenna systems, radar, and sensing applications are gaining traction, contributing to revenue growth.

Other Development

Expected Growth: 12.77%

Meta Materials Inc.'s Other Development segment growth of 12.77% is driven by increasing demand for advanced materials in emerging industries such as renewable energy, aerospace, and 5G technology. Additionally, strategic partnerships, investments in R&D, and expansion into new markets have contributed to this growth.

Licensing

Expected Growth: 11.47%

Meta Materials Inc.'s 11.47% growth is driven by increasing demand for advanced materials in 5G, EV, and renewable energy applications. The company's innovative metamaterials-based solutions enable improved performance, efficiency, and sustainability. Strategic licensing agreements with industry leaders, expanding patent portfolio, and growing R&D investments further fuel growth.

Functional Materials and Nanocomposites Products

Expected Growth: 13.53%

Meta Materials Inc.'s 13.53% growth in Functional Materials and Nanocomposites Products is driven by increasing demand for advanced materials in industries such as aerospace, automotive, and energy. Growing adoption of nanotechnology, rising need for sustainable and lightweight materials, and expanding applications in 5G and IoT devices also contribute to this growth.

7. Detailed Products

Nano-optic Devices

Meta Materials Inc. designs and manufactures nano-optic devices that enable advanced optical functionalities, such as beam steering, optical filtering, and sensing.

Metamaterial-based Antennas

The company develops and commercializes metamaterial-based antennas that offer improved performance, compact size, and reduced weight.

Smart Glass Technology

Meta Materials Inc. offers smart glass technology that enables dynamic control of light transmission, reflection, and absorption.

Nanostructured Materials

The company designs and manufactures nanostructured materials with unique optical, electrical, and thermal properties.

Metamaterial-based Sensors

Meta Materials Inc. develops and commercializes metamaterial-based sensors that offer high sensitivity, selectivity, and compact size.

8. Meta Materials Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Meta Materials Inc. is moderate due to the presence of alternative materials and technologies that can replace its products.

Bargaining Power Of Customers

The bargaining power of customers is low due to the specialized nature of Meta Materials Inc.'s products, which limits the ability of customers to negotiate prices.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate due to the presence of multiple suppliers for raw materials, but the company's dependence on a few key suppliers for critical components.

Threat Of New Entrants

The threat of new entrants is high due to the growing demand for advanced materials and the increasing interest in the industry, which attracts new companies to enter the market.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of established competitors and the increasing competition for market share and innovation.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	21.93%
Debt Cost	3.95%
Equity Weight	78.07%
Equity Cost	10.32%
WACC	8.92%
Leverage	28.08%

11. Quality Control: Meta Materials Inc. passed 2 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Satellogic

A-Score: 5.0/10

Value: 8.0

Growth: 4.2

Quality: 7.2

Yield: 0.0

Momentum: 10.0

Volatility: 0.3

1-Year Total Return ->

Kopin

A-Score: 4.5/10

Value: 8.0

Growth: 3.1

Quality: 4.6

Yield: 0.0

Momentum: 10.0

Volatility: 1.0

1-Year Total Return ->

KULR Technology

A-Score: 4.3/10

Value: 7.4

Growth: 4.3

Quality: 4.4

Yield: 0.0

Momentum: 9.5

Volatility: 0.3

1-Year Total Return ->

Meta Materials

A-Score: 3.6/10

Value: 10.0

Growth: 3.4

Quality: 3.3

Yield: 0.0

Momentum: 5.0

Volatility: 0.0

1-Year Total Return ->

Luna Innovations

A-Score: 3.2/10

Value: 7.8

Growth: 3.7

Quality: 6.0

Yield: 0.0

Momentum: 1.5

Volatility: 0.0

1-Year Total Return ->

MicroVision

A-Score: 2.8/10

Value: 6.4

Growth: 2.3

Quality: 3.0

Yield: 0.0

Momentum: 4.0

Volatility: 1.3

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

13.70%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

8.92%

Meta Materials Inc. - US59134N3026

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on MMAT

1.c. Company Highlights

More Volatile

Weak Momentum

Cheaper

Earnings Beats

Revenues Beats

Lower Growth

Average Quality

Medium Volatility

Lower Quality

Stable Momentum

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (13.66%)

6. Segments

Contract

Expected Growth: 14.17%

Other Development

Expected Growth: 12.77%

Licensing

Expected Growth: 11.47%

Functional Materials and Nanocomposites Products

Expected Growth: 13.53%

7. Detailed Products

Nano-optic Devices

Metamaterial-based Antennas

Smart Glass Technology

Nanostructured Materials

Metamaterial-based Sensors

8. Meta Materials Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Meta Materials Inc. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.53$

Current Price

0.53$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA