META MATERIALS INC.
MMATQTechnology · Semiconductors & Related Devices · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|---|
| Revenue | $8.0M | $10.2M | $4.1M | $1.1M | $902,410 | $1.3M |
| Operating income | −$408.8M | −$83.3M | −$38.1M | −$10.8M | −$8.9M | — |
| Net income | −$398.2M | −$79.1M | −$91.0M | −$12.8M | −$9.8M | −$5.8M |
| Total assets | $55.2M | $408.9M | $434.0M | $32.4M | $40.9M | $38.1M |
| Total liabilities | $33.3M | $30.4M | $99.3M | $19.8M | $25.9M | $20.1M |
| Equity | $21.9M | $378.6M | $334.7M | $12.6M | $15.1M | $18.0M |
| EPS (diluted) | $-69.67 | $-24.09 | $-0.39 | $-0.08 | $-0.17 | — |
| Shares out. | 382.2M | 284.8M | 145.3M | 80.0M | 71.7M | 63.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- −5132.5%
- Net margin
- −4999.4%
- Return on equity
- −1815.4%
- Return on assets
- −721.1%
- Return on capital (ROCE)
- −1292.0%
- Liabilities / assets
- 60.3%
- Debt / equity
- 1.52×
- Book value / share
- $0.06
- Revenue growth (YoY)
- −21.9%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2023- Altman Z″ (distress)
- -85.74distress
- Accruals / assets
- −644.6%clean
- Piotroski F-Score
- 2/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 1 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 2, 2022
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2015
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2013
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2013
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2012
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2011
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 106,141 | 1000.0 | 0.0% |
| Apr 30, 2026 | 106,141 | 1000.0 | 0.0% |
| Apr 15, 2026 | 106,141 | 200.6 | 0.0% |
| Mar 31, 2026 | 106,141 | 647.2 | 0.0% |
| Mar 13, 2026 | 106,141 | 1000.0 | 0.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Delisting / listing-standard noticeAug 14, 2024
- Bankruptcy or receivership · Director / officer changeAug 9, 2024
- Item 1.05 · Other material eventAug 1, 2024
- Completed an acquisition or disposition · Other material eventJul 16, 2024
- Entered a material agreementJul 5, 2024
- Other material eventJun 25, 2024
- Other material eventJun 21, 2024
- Other material eventJun 11, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.