Summary
- I estimate that Meta ended 2022 with around $15 million in cash.
- This is enough to cover approximately one quarter of cash burn.
- Thus, it will likely need to raise funds in Q1 2023 if it doesn't get paid back by Next Bridge and/or enough warrants are exercised.
- There is a $1.75 exercise price for its warrants, so its share price will need to go up significantly for that to be a source of funds.
- Organic revenue growth may end up around 20% for 2022, so Meta will be looking for faster growth going forward.
For further details see:
Meta Materials: Cash Burn May Result In A Q1 2023 Equity Offering