metamaterial technologies inc. (mti) is a smart materials and photonics company that is changing the way we use, interact, and benefit from light. it designed a new class of multi-functional materials—also known as metamaterials—with engineered properties that go beyond what is found in nature. mti has created a new patented platform technology, which has been developed using a variety of smart materials that are capable of dramatically changing the way light can be manipulated. these thin-films can either absorb, block or enhance light the company specializes in metamaterials, nanofabrication, theoretical and computational electromagnetics; bridging the gap between the theoretical and the possible. with in-house design, access to world-class nanocomposite researchers, and nanofabrication expertise, mti is able to develop a wide array of metamaterial applications that encompass several industries including aerospace and defense.
Company profile
Ticker
MMATQ, MMAT
Exchange
Website
CEO
John A. Brda
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Pole Perfect Studios, Inc., TORCHLIGHT ENERGY RESOURCES INC
SEC CIK
Corporate docs
Subsidiaries
2798331 Ontario Inc. • Metamaterial Exchangeco Inc. • Metamaterial Inc. • Metamaterial Technologies Canada Inc. • Nanotech Security Corp. • 1315115 BC Inc. • Metamaterial Technologies USA Inc. • Medical Wireless Sensing Ltd. • Plasma App. Ltd. • Meta Material Single Member S.A. ...
IRS number
743237581
MMATQ stock data
Latest filings (excl ownership)
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
14 Aug 24
8-K
Bankruptcy or Receivership
9 Aug 24
8-K
1.05
1 Aug 24
8-K
Completion of Acquisition or Disposition of Assets
16 Jul 24
8-K
Entry into a Material Definitive Agreement
5 Jul 24
8-K
Other Events
25 Jun 24
8-K
Other Events
21 Jun 24
8-K
Other Events
11 Jun 24
10-Q
2024 Q1
Quarterly report
13 May 24
8-K
Meta Materials Announces Workforce Reduction
3 May 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 6.96 mm | 6.96 mm | 6.96 mm | 6.96 mm | 6.96 mm | 6.96 mm |
Cash burn (monthly) | 1.11 mm | (no burn) | 2.50 mm | 33.15 mm | 1.97 mm | 2.72 mm |
Cash used (since last report) | 5.83 mm | n/a | 13.10 mm | 173.51 mm | 10.33 mm | 14.22 mm |
Cash remaining | 1.13 mm | n/a | -6.14 mm | -166.55 mm | -3.37 mm | -7.26 mm |
Runway (months of cash) | 1.0 | n/a | -2.5 | -5.0 | -1.7 | -2.7 |
Institutional ownership, Q2 2024
13F holders | Current |
---|---|
Total holders | 38 |
Opened positions | 10 |
Closed positions | 2 |
Increased positions | 6 |
Reduced positions | 9 |
13F shares | Current |
---|---|
Total value | 913.09 mm |
Total shares | 23.24 mm |
Total puts | 0.00 |
Total calls | 711.59 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Georgios Palikaras | 22.98 mm | $182.94 mm |
Vanguard | 64.46 k | $194.03 mm |
BLK BlackRock | 54.28 k | $163.37 mm |
Geode Capital Management | 47.00 k | $141.49 mm |
UBS UBS | 30.04 k | $90.42 mm |
T. Rowe Price | 18.29 k | $56.00 k |
NTRS Northern Trust | 14.71 k | $44.27 mm |
STT State Street | 12.31 k | $37.06 mm |
Advisor | 8.95 k | $26.92 mm |
MS Morgan Stanley | 3.66 k | $11.02 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 Dec 23 | Philippe Morali | Common Stock | Grant | Acquire A | No | No | 0 | 23,835 | 0.00 | 481,500 |
20 Dec 23 | Steen Karsbo | Common Stock | Grant | Acquire A | No | No | 0 | 100,000 | 0.00 | 118,317 |
20 Dec 23 | Eugenia Corrales | Common Stock | Grant | Acquire A | No | No | 0 | 70,410 | 0.00 | 595,620 |
20 Dec 23 | John R Harding | Common Stock | Grant | Acquire A | No | No | 0 | 119,900 | 0.00 | 216,095 |
20 Dec 23 | Hannah Ken | Common Stock | Grant | Acquire A | No | No | 0 | 100,000 | 0.00 | 100,000 |
News
Why Ainos Shares Are Trading Higher By Around 38%; Here Are 20 Stocks Moving Premarket
12 Aug 24
Crude Oil Rises; Blend Labs Shares Jump Following Q2 Results
9 Aug 24
US Stocks Edge Lower; EchoStar Shares Tumble After Q2 Results
9 Aug 24
Meta Materials' Nanotech Security Corp. Entered Into An Agreement On July 3, 2024, To Sell Most Assets Of Its Authentication Business To Authentix For $10M, Excluding Certain Assets Like Cash And Real Property, With $3M Withheld For Specific Obligations
5 Jul 24