Meta Materials reports Q3 EPS (2c) vs. (7c) last year

Reports Q3 revenue $2.2M vs. $2.5M last year. “Incremental growth in revenues over consecutive quarters is a great start for META; these revenues don’t include the recent $8.3 million in new purchase orders or the projected pre-orders for VLEPSIS(R) system and QUANTUM stripe, all of which may be reflected in fourth quarter 2023 and early 2024 results,” noted Uzi Sasson, CEO of META. “Importantly, we have cut expenses everywhere with the exception of research & development. We will not compromise on the integrity of our products, our technology or the hundreds of patents at our disposal,” noted Mr. Sasson. “Allocating capital to our three core business lines is intended to promote our products, partnerships and most importantly, sales.”