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
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
MMAT stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
25 Mar 24
DEFA14A
Additional proxy soliciting materials
15 Mar 24
DEFA14A
Additional proxy soliciting materials
6 Mar 24
DEF 14A
Definitive proxy
5 Mar 24
DEFA14A
Additional proxy soliciting materials
5 Mar 24
PRE 14A
Preliminary proxy
23 Feb 24
8-K
Meta Materials Announces Pricing of $3.4 Million Registered Direct Offering Priced At-the-Market
21 Feb 24
424B5
Prospectus supplement for primary offering
21 Feb 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
13 Feb 24
8-K
Regulation FD Disclosure
30 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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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) | 10.19 mm | 10.19 mm | 10.19 mm | 10.19 mm | 10.19 mm | 10.19 mm |
Cash burn (monthly) | 1.43 mm | 1.74 mm | 4.98 mm | 29.39 mm | 3.73 mm | 4.23 mm |
Cash used (since last report) | 8.48 mm | 10.34 mm | 29.60 mm | 174.79 mm | 22.21 mm | 25.19 mm |
Cash remaining | 1.71 mm | -146.53 k | -19.41 mm | -164.60 mm | -12.02 mm | -15.00 mm |
Runway (months of cash) | 1.2 | -0.1 | -3.9 | -5.6 | -3.2 | -3.5 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 77 |
Opened positions | 5 |
Closed positions | 16 |
Increased positions | 18 |
Reduced positions | 12 |
13F shares | Current |
---|---|
Total value | 5.00 bn |
Total shares | 45.82 mm |
Total puts | 214.80 k |
Total calls | 10.04 mm |
Total put/call ratio | 0.0 |
Largest owners | Shares | Value |
---|---|---|
Georgios Palikaras | 22.98 mm | $182.94 mm |
Vanguard | 5.47 mm | $1.16 bn |
BLK Blackrock | 5.43 mm | $1.15 bn |
Geode Capital Management | 4.02 mm | $852.33 mm |
STT State Street | 1.23 mm | $260.85 mm |
Two Sigma Investments | 869.64 k | $184.28 mm |
NTRS Northern Trust | 730.88 k | $154.87 mm |
Millennium Management | 692.08 k | $146.65 mm |
Advisor | 559.40 k | $118.52 mm |
GMT Capital | 543.80 k | $115.23 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 Dec 23 | Steen Karsbo | Common Stock | Grant | Acquire A | No | No | 0 | 100,000 | 0.00 | 118,317 |
20 Dec 23 | Hannah Ken | Common Stock | Grant | Acquire A | No | No | 0 | 100,000 | 0.00 | 100,000 |
20 Dec 23 | Eugenia Corrales | Common Stock | Grant | Acquire A | No | No | 0 | 70,410 | 0.00 | 595,620 |
20 Dec 23 | Philippe Morali | Common Stock | Grant | Acquire A | No | No | 0 | 23,835 | 0.00 | 481,500 |
20 Dec 23 | Allison Christilaw | Common Stock | Grant | Acquire A | No | No | 0 | 100,000 | 0.00 | 115,000 |
News
12 Information Technology Stocks Moving In Wednesday's After-Market Session
27 Mar 24
12 Information Technology Stocks Moving In Tuesday's Intraday Session
26 Mar 24
12 Information Technology Stocks Moving In Friday's After-Market Session
22 Mar 24
12 Information Technology Stocks Moving In Friday's After-Market Session
8 Mar 24
Meta Materials Filed U.S Patent Application #20240079791: Electromagnetic Wave Director
7 Mar 24
Press releases
Meta Materials Releases Letter to Shareholders Regarding Upcoming Special Meeting
6 Mar 24
Levi & Korsinsky, LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Torchlight Energy Resources, Inc. and Meta Materials Inc. Securities
27 Feb 24
Meta Materials Regains Compliance with Nasdaq Listing Requirements
13 Feb 24
Meta Materials Announces Preliminary Results for The Fourth Quarter 2023
26 Jan 24
Meta Materials Announces Distribution of Series C Preferred Stock to Holders of its Common Stock
23 Jan 24