Meta Materials Inc reports results for the quarter ended in December - Earnings Summary

Meta Materials

24/03/2023 13:04

* Meta Materials Inc  MMAT.OQ  reported a quarterly adjusted
loss
of 4 cents​​ per share for the quarter ended in December. The
mean expectation of four analysts for the quarter was for a loss
of 6 cents per share.
    * Revenue fell 36.8% to $1.45 million from a year ago;
analysts
expected $2.83 million. 
    * Meta Materials Inc's reported EPS for the quarter was a
loss
of 4 cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Meta Materials Inc shares had fallen by 61.1% this
quarter.
    * The company reported a quarterly loss of $15.21 million.
    * Wall Street's median 12-month price target for Meta
Materials
Inc is $2.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 24 at 01:04 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.06          -0.04          Beat
 Sep. 30 2022      -0.05          -0.07          Missed
 Jun. 30 2022      -0.05          -0.07          Missed
 Mar. 31 2022      -0.02          -0.06          Missed