Much of the trading excitement around Meta Materials is due to its preferred shares. The company’s small research & development budget – currently around $7 million annually – also raises questions about its long-term ability to innovate. However, management simply needs to turn this possibility into revenues before investors can fully get on board with the story. In theory, nano materials seems like a highly promising field. Though, of course, a large chunk of that cash will be used in finalizing the upcoming Nanotech Security merger.īeyond the cash and impending merger, Meta Materials points to a bunch of partnerships and possibilities. That gives it ample strategic options going forward. The company did have more than $154 million of cash on hand. That’s a rather scant figure for a company with a market cap as high as MMAT stock. For the quarter ended June 2021, Meta Materials brought in just $624,000 of revenues. Indeed, Meta Materials has very little else that is revenue-generating at this point. Nanotech Security looks like it will be the largest line of business at Meta Materials once that merger is complete. However, it seems Nanotech Security isn’t anything remotely close to justifying the greater than $1 billion market capitalization on MMAT stock. There’s the seed of an interesting business here, to be sure. As of this summer, Nanotech Security is generating less than 3 million Canadian dollars per quarter, and it runs a small operating loss. ![]() While this is definitely a cool and interesting technology, it hasn’t yet found a large market. 7 Cheap Stocks to Buy Before They Take Off.These features are also used to protect secure documents, threads, labels, and brand protection stripes, among other purposes. Using protective film or other such additives, Nanotech Security’s products can apply tiny protective features to items such as banknotes to prevent forgeries. Nanotech Security holds patents on visual technologies used to create sub-wavelength nanostructures and microstructures. ![]() That values the company at 91 million Canadian dollars ($73 million). Meta Materials will be acquiring Nanotech Security (OTCMKTS: NTSFF) for 1.25 Canadian dollars per share in an all-cash transaction.
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