META-Q4:23 Preliminary Highlights
METAⓇ
Go Beyond.
SELECT FINANCIALS
Q4 2023
O2024 Meta Materials Inc. All rights reserved
META-Q4:23 Preliminary Highlights ($MM)
Non-Cash and One-Time Items
Q4:23
Revenue
$2.2
Q3:23
$2.2
Q4:22
$1.4
Q4:23
Depreciation and Amortization
$3.4
Y/Y % change
55%
Stock-Based Compensation
$0.5
Q/Q % change
2%
Restructuring
$1.6
Operating Expenses
$16.1
$16.3
$24.8
Long-term asset impairment
Total
TBD
$5.5
Y/Y % change
-35%
Q/Q % change
-1%
Shares Outstanding (post-split) 5.64MM*
Operating Loss
$14.9
$14.9
$24.0
Y/Y % change
-38%
Q/Q % change
0%
Cash and Equivalents
$10.3
$10.2
*Effective January 29, 2024, META effected a one-for-one hundred reverse split of its issued and outstanding Common
Stock. Shares outstanding gives effect to the reverse stock split (subject to adjustment for fractional shares).
META expects to release fourth quarter and full year 2023 results in mid-to-late March. The preliminary estimated financial
information has been prepared by, and is the responsibility of, the Company's management. KPMG LLP, the Company's
independent registered public accounting firm, has not audited, reviewed, compiled or performed any procedures with
respect to the preliminary estimated financial information provided above.
This information should be read in conjunction with the complete financial statements and the associated management discussion and analysis,
available on the Investors section of our website at www.metamaterial.com, as well as on the SEC EDGAR website at www.sec.gov
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