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

Meta Materials

10/08/2022 15:13

* Meta Materials Inc  MMAT.OQ  reported a quarterly adjusted
loss
of 7 cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for a loss
of 5 cents per share.
    * Revenue rose 432.7% to $3.32 million from a year ago;
analysts
expected $3.08 million. 
    * The mean earnings estimate of analysts had fallen by
about 133.3% in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Meta Materials Inc shares had fallen by 11.5% this
quarter and
lost 63.0% so far this year.
    * The company reported a quarterly loss of $20.98 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 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 10
at 02:13 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.05          -0.07          Missed
 Mar. 31 2022      -0.02          -0.06          Missed
 Dec. 31 2021      -0.01          -0.13          Missed
                                  -0.04