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

Meta Materials

10/08/2023 24:22

* Meta Materials Inc  MMAT.OQ  reported a quarterly adjusted
loss
of 2 cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for a loss of 2
cents per share.
    * Revenue fell 38.9% to $2.03 million from a year ago;
analysts
expected $2.55 million. 
    * Meta Materials Inc's reported EPS for the quarter was a
loss
of 65 cents​.
    * The mean earnings estimate of analysts had risen by
about 31.8%
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 risen by 23.4% this
quarter and
lost 77.7% so far this year.
    * The company reported a quarterly loss of $293.65 million.
    * Wall Street's median 12-month price target for Meta
Materials
Inc is $1.35 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 11:22 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.02          -0.02          Met
 Mar. 31 2023      -0.04          -0.05          Missed
 Dec. 31 2022      -0.06          -0.04          Beat
 Sep. 30 2022      -0.05          -0.07          Missed