![]() Believe it or not, Meta Materials managed to exceed its objective of reaching 200 patents in 2021. Not only is Meta Materials acquiring Nanotech Security, but it’s also rapidly growing its intellectual property (IP) holdings. Meta Materials plans to approximately double that capacity to 15 million square meters over the next one to two years. Impressively, Nanotech’s Quebec-based production facility includes a 105,000-square-foot building with a production capacity exceeding 7 million square meters per year. Its products are used by the government as well as banknote and brand-protection markets. Nanotech Security develops nano-optic security features designed for anti-counterfeiting solutions. Specifically, it acquired Nanotech Security in an all-cash transaction. Since the company has remained in a firm financial position, Meta Materials was able to make a recent acquisition which should provide additional revenue streams. It’s also encouraging to know that, at the end of 2021’s second quarter, Meta Materials had $153.5 million in cash, cash equivalents and restricted cash. That was nearly triple the $210,344 it saw in the same quarter last year. ![]() In 2021’s second quarter, Meta Materials generated $624,320 in revenues. It appears Wall Street simply hasn’t caught on to the growth potential of the meta materials industry. Furthermore, if the buyers return and push MMAT back to its pre-merger price of $20 or even $10, today’s investors could enjoy outstanding gains. It’s a positive sign that the stock has stabilized for several consecutive months. So, the stock tumbled to the $5 area and still trades there as of today. Reddit traders also likely contributed to the rally.Īs it turned out, the market wasn’t prepared to keep TRCH/MMAT stock in the $20 range at that time. This may have been due to investors’ enthusiasm about the transition to the new company. In the days leading up to the merger, its share price spiked from $4 to nearly $22. ![]() Prior to the aforementioned business combination, the stock actually traded under the ticker symbol TRCH and represented Torchlight Energy Resources. As we’ll see in a moment, though, it has the potential to move much higher. Besides, MMAT stock is currently quite inexpensive.
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