- Meta Materials reported 30% sequential revenue growth for Q1 2022 compared to Q4 2021. The Nanotech acquisition closed early in Q4 2021.
- Its cash and cash equivalents went from around $50 million at the end of 2021 to $30 million at the end of Q1 2022.
- Cash usage in Q1 2022 was affected by changes in working capital. Excluding that, it would have had approximately $14 million in cash burn.
- Meta Materials is very likely to issue shares under its at-the-market equity program during 2022 in order to fund continuing operations.
For further details see:
Meta Materials: Solid Revenue Growth Along With Substantial Cash Burn