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On January 26, 2024, Meta Materials Inc., an advanced materials and nanotechnology company, released preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2023. The report highlighted a 55% increase in fourth-quarter revenue to approximately $2.2 million, up from $1.4 million in the same period of the previous year. Operating expenses for the quarter were down 35% year-over-year, excluding non-cash asset impairment, resulting in a significantly reduced operating loss of $14.9 million compared to the $24.0 million loss in the fourth quarter of 2022. The company's cash and cash equivalents remained stable at $10.3 million. Meta Materials is focusing on revenue growth across four main business lines, including authentication, VLEPSIS, NANOWEB, and battery materials, with new product launches and strategic partnerships. The...Show More
On January 26, 2024, Meta Materials Inc., an advanced materials and nanotechnology company, released preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2023. The report highlighted a 55% increase in fourth-quarter revenue to approximately $2.2 million, up from $1.4 million in the same period of the previous year. Operating expenses for the quarter were down 35% year-over-year, excluding non-cash asset impairment, resulting in a significantly reduced operating loss of $14.9 million compared to the $24.0 million loss in the fourth quarter of 2022. The company's cash and cash equivalents remained stable at $10.3 million. Meta Materials is focusing on revenue growth across four main business lines, including authentication, VLEPSIS, NANOWEB, and battery materials, with new product launches and strategic partnerships. The company is also working on monetizing non-core assets, particularly intellectual property and patents related to medical and holography applications. Full financial results for the fourth quarter and full year 2023 are expected to be released in mid-to-late March. The preliminary financial information is subject to final adjustments and has not been audited or reviewed by the company's independent registered public accounting firm, KPMG LLP.
2024年1月26日，先進材料和納米技術公司Meta Materials Inc. 發佈了截至2023年12月31日的第四季度和全年未經審計的初步財務業績。該報告強調，第四季度收入增長了55％，至約220萬美元，高於去年同期的140萬美元。不包括非現金資產減值，該季度的運營支出同比下降了35％，與2022年第四季度的2,400萬美元虧損相比，營業虧損大幅減少了1490萬美元。該公司的現金及現金等價物穩定在1,030萬澳元。Meta Materials專注於四個主要業務領域的收入增長，包括身份驗證、VLEPSIS、NANOWEB和電池材料，以及新產品發佈和戰略合作伙伴關係。該公司還致力於通過非核心資產獲利，尤其是與醫療和全息應用相關的知識產權和專利。第四季度和2023年全年的完整財務業績預計將於3月中下旬公佈。初步財務信息有待最終調整，未經公司獨立註冊會計師事務所畢馬威會計師事務所的審計或審查。
2024年1月26日，先進材料和納米技術公司Meta Materials Inc. 發佈了截至2023年12月31日的第四季度和全年未經審計的初步財務業績。該報告強調，第四季度收入增長了55％，至約220萬美元，高於去年同期的140萬美元。不包括非現金資產減值，該季度的運營支出同比下降了35％，與2022年第四季度的2,400萬美元虧損相比，營業虧損大幅減少了1490萬美元。該公司的現金及現金等價物穩定在1,030萬澳元。Meta Materials專注於四個主要業務領域的收入增長，包括身份驗證、VLEPSIS、NANOWEB和電池材料，以及新產品發佈和戰略合作伙伴關係。該公司還致力於通過非核心資產獲利，尤其是與醫療和全息應用相關的知識產權和專利。第四季度和2023年全年的完整財務業績預計將於3月中下旬公佈。初步財務信息有待最終調整，未經公司獨立註冊會計師事務所畢馬威會計師事務所的審計或審查。
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