Private company

META MATERIALS INC.

American semiconductors and related devices company based in Dartmouth. Summary from the record

Last updated Oct 19, 2026.

Overview

  • IndustrySemiconductors & Related Devices1
  • HeadquartersDartmouth, Canada1
  • Incorporated inNV2
  • Business address1 Research Drive, Dartmouth, A5 B2Y 4M92
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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Meta Materials Inc. (also referred to herein as the “Company”, “META®”, “META” “we”, “us”, or “our”) is an advanced materials and nanotechnology company. We are developing materials that we believe can improve the performance and efficiency of many current products as well as allow new products to be developed that cannot otherwise be developed without such materials as noted in the examples below. We develop new products and technologies using innovative sustainable science. We have product concepts currently in various stages of development with multiple potential customers in diverse market verticals. Our business model is to co-develop innovative products or applications with industry leaders that add value. This approach enables us to understand market dynamics and ensure the relevance and need for our products. META® technology platforms enable global brands to develop new products…3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

58.9%Gross margin4
-5132.5%Operating margin4
-4999.0%Net margin5
-21.9%Revenue growth, 20234
-1815.2%Return on equity4
0.13×Debt to equity4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Research and development84¢$19.2M
  • Interest2¢$378.7K
  • Income tax15¢$3.3M

Out of $8.0M in revenue.45 The company lost money this year.

Financial statements

Revenue67894$8.0M in 2023+1296% since 2017
0$5.0M$10.0M$15.0M2017: $570.5K$570.5K20172018: $1.3M$1.3M2018+125%2019: $902.4K$902.4K2019−30%2020: $1.1M$1.1M2020+24%2021: $4.1M$4.1M2021+264%2022: $10.2M$10.2M2022+150%2023: $8.0M$8.0M2023−22%
Gross profit67894$4.7M in 2023+1081% since 2017
0$2.0M$4.0M$6.0M$8.0M2017: $397.3K$397.3K20172018: $476.2K$476.2K2018+20%2019: $893.2K$893.2K2019+88%2020: $1.1M$1.1M2020+25%2021: $3.4M$3.4M2021+204%2022: $7.2M$7.2M2022+110%2023: $4.7M$4.7M2023−35%
Operating income894-$408.8M in 2023+4505% since 2019
-$600.0M-$400.0M-$200.0M02019: -$8.9M-$8.9M20192020: -$10.8M-$10.8M2020+21%2021: -$38.1M-$38.1M2021+254%2022: -$83.3M-$83.3M2022+119%2023: -$408.8M-$408.8M2023+391%
Net income678945-$398.2M in 2023+43187% since 2017
-$400.0M-$300.0M-$200.0M-$100.0M02017: -$919.9K-$919.9K20172018: -$5.8M-$5.8M2018+531%2019: -$8.4M-$8.4M2019+45%2020: -$11.6M-$11.6M2020+37%2021: -$91.0M-$91.0M2021+684%2022: -$79.1M-$79.1M2022−13%2023: -$398.2M-$398.2M2023+403%
Fiscal year2017201820192020202120222023
Revenue$570.5K6$1.3M7$902.4K8$1.1M8$4.1M9$10.2M4$8.0M4
Cost of revenue$173.2K6$806.2K7$451.3K12$188.5K12$676.0K9$3.0M9
Gross profit$397.3K6$476.2K7$893.2K8$1.1M8$3.4M9$7.2M4$4.7M4
Research and development$3.8M8$4.1M8$9.5M9$16.5M4$19.2M4
Operating expenses$41.5M9$90.4M4$413.5M4
Operating income-$8.9M8-$10.8M8-$38.1M9-$83.3M4-$408.8M4
Interest$1.1M8$1.4M8$1.1M9$174.2K4$378.7K4
Income before tax-$91.8M9-$84.9M4-$401.6M4
Income tax$06$07-$83.5K8-$193.7K8-$852.1K9-$5.8M4-$3.3M4
Net income-$919.9K6-$5.8M7-$8.4M8-$11.6M8-$91.0M9-$79.1M4-$398.2M5
Earnings per share-$0.178-$0.088-$0.399-$24.094-$69.674
Earnings per share (diluted)-$0.178-$0.088-$0.399-$24.094-$69.674
Shares (weighted, basic)232.9M shares93.3M shares45.8M shares4
Shares (weighted, diluted)232.9M shares93.3M shares45.8M shares4

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Leadership

Who has led META MATERIALS INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Tammy L. Skalko2010–2011
  2. Thomas Lapinski2010–2014
  3. John A. Brda2015–2020
  4. Georgios Palikaras2021–2023
  5. James Macmillan Fusaro2023
  6. Uzi Sasson2023

President

  1. Thomas Lapinski2010
  2. John A. Brda2013–2020
  3. Georgios Palikaras2021–2023

Chief financial officer

  1. Roger N. Wurtele2013–2020
  2. Uzi Sasson2023
  3. Ahmed Shebl2023

Chief operating officer

  1. Willard Greer McAndrew Iii.2013–2015
  2. Uzi Sasson2023
201520202025
Board members and other officers (33)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorGeorge Palikaras named Apr 6, 2022 to Sep 19, 202353
  • Executive OfficerThomas Kallos named Jun 30, 202254
  • DirectorJack Harding named Sep 19, 202353
  • DirectorRam Ramkumar named Apr 6, 2022 to Jun 30, 202254

Former names

  • TORCHLIGHT ENERGY RESOURCES INCMar 4, 2011 to Jun 23, 20212
  • Pole Perfect Studios, Inc.May 2, 2008 to Jan 13, 20112

Timeline

  1. Nov 27, 2023New chief executive Uzi Sasson becomes CEO14
  2. Oct 18, 2023New chief executive James Macmillan Fusaro becomes CEO13
  3. Sep 29, 2021New chief executive Georgios Palikaras becomes CEO15
  4. Jun 16, 2015New chief executive John A. Brda becomes CEO16
  5. Dec 3, 2010New chief executive Thomas Lapinski becomes CEO18
  6. Jun 24, 2010New chief executive Tammy L. Skalko becomes CEO17

Filings

215 filings to the SEC since October 2021: 9 annual reports, 9 quarterly reports, 59 major events, 84 insider forms, 5 large holders, 3 private raises, 46 other. The latest 20:

  1. Aug 14, 20248-K EDGAR
  2. Aug 9, 20248-K EDGAR
  3. Aug 1, 20248-K EDGAR
  4. Jul 16, 20248-K EDGAR
  5. Jul 5, 20248-K EDGAR
  6. Jun 25, 20248-K EDGAR
  7. Jun 21, 20248-K EDGAR
  8. Jun 11, 20248-K EDGAR
  9. May 13, 202410-Q EDGAR
  10. May 3, 20248-K EDGAR
  11. Apr 29, 202410-K/A EDGAR
  12. Apr 19, 20248-K EDGAR
  13. Apr 3, 20248-K EDGAR
  14. Mar 28, 202410-K EDGAR
  15. Mar 25, 2024DEFA14A EDGAR
  16. Mar 15, 2024DEFA14A EDGAR
  17. Mar 6, 2024DEFA14A EDGAR
  18. Mar 5, 2024DEFA14A EDGAR
  19. Mar 5, 2024DEF 14A EDGAR
  20. Feb 23, 2024PRE 14A EDGAR

The 215 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

18 open-market trades by officers, directors and large owners since October 2021: 5 buys and 13 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 16, 2023Geddes NadineBuy100,000$0.23$23.0KForm 4
Mar 13, 2023RICE KENNETH L JRSee remarksSale18,454$0.63$11.6KForm 4
Mar 13, 2023Waldern JonathanChief Technology OfficerSale17,372$0.63$10.9KForm 4
Dec 7, 2022Lambert Anne Barber10% ownerSale75,000$2.23$167.2KForm 4
Aug 11, 2022Geddes NadineBuy42,000$0.96$40.3KForm 4
Jun 24, 2022Lambert Anne Barber10% ownerBuy70,000$1.29$90.3KForm 4
May 17, 2022Christilaw AllisonDirectorBuy15,000$1.67$25.1KForm 4
Mar 22, 2022Waldern JonathanChief Technology OfficerSale171,432$1.85$317.1KForm 4
Nov 30, 2021Welch Thomas Gordon10% ownerSale7,000$3.54$24.8KForm 4
Nov 29, 2021Welch Thomas Gordon10% ownerSale72,000$3.08$221.6KForm 4
Nov 24, 2021Welch Thomas Gordon10% ownerSale255,000$4.10$1.0MForm 4
Nov 24, 2021Karsbo SteenDirectorBuy18,317$3.74$68.5KForm 4
Nov 22, 2021Welch Thomas Gordon10% ownerSale17,000$4.20$71.4KForm 4
Nov 22, 2021Geddes NadineSale174,851$4.02$702.9KForm 4
Nov 19, 2021Welch Thomas Gordon10% ownerSale80,000$4.37$349.6KForm 4
Nov 19, 2021Geddes NadineSale343,436$4.20$1.4MForm 4
Nov 18, 2021Welch Thomas Gordon10% ownerSale30,000$4.30$129.0KForm 4
Nov 18, 2021Waldern JonathanChief Technology OfficerSale471,438$4.05$1.9MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Sep 8, 2023Raised $250,000 in a private offering of equity Form D: $6 million offered in all Form D
  2. Jun 16, 2022Raised $50.1 million in a private offering of equity Form D: 1 investor so far Form D
  3. Mar 31, 2022Raised $20 million in a private offering of equity Form D: 2 investors so far Form D

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