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

Meta Materials

10/11/2022 01:54

* Meta Materials Inc  MMAT.OQ  reported a quarterly adjusted
loss
of 7 cents​​ per share for the quarter ended in September. The
mean expectation of three analysts for the quarter was for a
loss of 5 cents per share.
    * Revenue rose 328.6% to $2.46 million from a year ago;
analysts
expected $3.62 million. 
    * Meta Materials Inc's reported EPS for the quarter was a
loss
of 7 cents​.
    * The mean earnings estimate of analysts had fallen by
about 40%
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 140.3% this
quarter and
lost 36.6% so far this year.
    * The company reported a quarterly loss of $24.48 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 November
10 at 01:54 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.05          -0.07          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