- Meta Materials is still valued at around 40x revenues (pro forma for the Nanotech acquisition).
- Revenue growth of around 54% for two years would make its shares worth around $1 based on a 10x revenues multiple.
- Meta Materials' subsidiary OilCo Holdings is likely to become public in the future.
- The oil and gas assets have limited value due to the lack of commercially recoverable (proved) reserves.
- OilCo Holdings will likely need to raise more funding if it wants to attempt to prove the oil and gas assets are commercially viable.
For further details see:
Meta Materials: Challenged By Inflated Expectations