Meta Materials Announces Q4 and FY 2022 Results
Meta Materials Announces Q4 and FY 2022 Results
HALIFAX, NS / ACCESSWIRE / March 23, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT)(FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced fourth quarter and FY 2022 results.
新南威尔士州哈利法克斯/ACCESSWIRE/2023 年 3 月 23 日/ 高性能功能材料和纳米复合材料的开发商Meta Materials Inc.(“公司” 或 “META”)(纳斯达克股票代码:MMAT)(FSE: MMAT)今天公布了第四季度和2022财年的业绩。
The complete Q4 and FY 2022 financial statements, updated risk factors, going concern discussion, summary of progress made on identifying and addressing remaining material weaknesses in META's internal controls and associated management discussion and analysis for the quarter and year ended December 31, 2022, are available on the Investors section of our website as well as on Nasdaq.com, or on the SEC EDGAR website at www.sec.gov.
截至2022年12月31日的季度和年度的完整第四季度和2022财年财务报表、最新的风险因素、持续经营讨论、识别和解决META内部控制中剩余重大弱点的进展摘要以及相关的管理层讨论和分析,可在我们网站的投资者部分以及纳斯达克.com或SEC EDGAR网站www.sec.gov上查阅。
In Q4:22, total revenue was $1.4MM, compared to $2.3MM in Q4:21. FY 2022 revenue grew 150%, to $10.2MM, compared to $4.1MM in FY 2021. Total operating expenses were $24.8MM, vs. $18.9MM in Q4:21. FY 2022 operating expenses totaled $90.4MM, vs. $41.5MM in FY 2021. The Q4:22 net loss was $15.2MM, or 4c per share on 362.5 million weighted average shares and including a one-time gain of $4.0MM resulting from the deconsolidation of the Next Bridge Hydrocarbons, Inc. assets and liabilities and the recording of the net estimated collectible value of notes receivable of $2.2MM due from Next Bridge Hydrocarbons, Inc., compared to the Q4:21 net loss of $29.5MM, or 13c per share on 232.9 million weighted average shares. The FY 2022 net loss was $79.1MM or $0.24 per share on 328.3 million weighted average shares and including a one-time gain of $4.0MM resulting from the deconsolidation of the Next Bridge Hydrocarbons, Inc. assets and liabilities and the recording of the net estimated collectible value of notes receivable of $2.2MM due from Next Bridge Hydrocarbons, Inc. compared to a FY 2021 net loss of $91.0MM, or $0.39 per share on 232.9 million weighted average shares.
在第 4:22 季度,总收入为 140 万美元,而第 4:21 季度为 230 万美元。2022财年的收入增长了150%,达到1,020万美元,而2021财年的收入为410万美元。总运营支出为2480万美元,而第 4:21 季度为1,890万美元。2022财年的运营支出总额为9,040万美元,而2021财年的运营支出为4150万美元。第 4:22 季度净亏损为1520万美元,即每股亏损4美分,加权平均股为3.625亿股,其中包括分拆Next Bridge Hydrocarbons, Inc. 资产和负债以及记录Next Bridge Hydrocarbons, Inc.应收票据的220万美元净收益,而第 4:21 季度净亏损为295万美元,合13cm 每股加权平均股2.329亿股。2022财年净亏损为7910万美元,合每股亏损0.24美元,加权平均股为3.283亿美元,其中包括分拆Next Bridge Hydrocarbons, Inc.资产和负债产生的400万美元的一次性收益,以及Next Bridge Hydrocarbons, Inc.应收票据的净估计应收价值为220万美元,而2021财年的净亏损为2.329亿美元,合每股亏损0.39美元百万股加权平均股。
On December 31, 2022, cash and cash equivalents totaled $11.8MM, including $1.7MM in restricted cash. In Q4:22, net cash used in operations totaled $13.7MM, and non-cash expenses were $7.8MM, including $3.9MM in depreciation and amortization and $3.4MM in stock-based compensation. In Q4:22, changes in working capital contributed $4.4MM and capital expenditures were $7.6MM. In FY 2022, net cash used in operations totaled $62.2MM.
截至2022年12月31日,现金及现金等价物总额为1180万美元,其中包括170万美元的限制性现金。在第 4:22 季度,用于运营的净现金总额为1370万美元,非现金支出为780万美元,包括390万美元的折旧和摊销以及340万美元的股票薪酬。在第四季度 4:22,营运资金的变化贡献了440万美元,资本支出为760万美元。在2022财年,用于运营的净现金总额为6,220万美元。
META has identified factors that raise substantial doubt about the Company's ability to continue to operate as a going concern and to achieve compliance with NASDAQ continued listing requirements. META anticipates that it needs to implement expense reduction measures under its control and immediately raise additional capital to expand the commercialization of its products, fund its operations, further its research and development activities and ensure that it can continue to operate as a going concern. META may pursue sources of additional capital through various financing transactions or arrangements, including the sale/leaseback of certain properties, joint venturing of projects, debt financing, equity financing, or other means. Meta may not be successful in identifying suitable financing transactions in the time period required or at all, and it may not obtain the capital it requires by other means.
META已经确定了一些因素,这些因素使人们对公司继续作为持续经营企业运营和实现遵守纳斯达克持续上市要求的能力产生了重大怀疑。META预计,它需要在其控制下实施削减开支的措施,并立即筹集额外资金,以扩大其产品的商业化,为其运营提供资金,推进其研发活动,并确保其能够继续作为持续经营企业运营。META 可能会通过各种融资交易或安排寻求额外资本来源,包括出售/回租某些房产、合资经营项目、债务融资、股权融资或其他方式。Meta 可能无法在所需的时间段内成功找到合适的融资交易,也可能无法通过其他方式获得所需的资金。
Future capital requirements may vary materially from period to period and will depend on many factors, including the timing and extent of spending on research and development efforts, and capital expenditures. On November 9, 2022, META filed a registration statement (the "Prospectus") no. 333-268282 on form S-3 allowing it to issue securities with aggregate offering price not to exceed $250 million. The Prospectus was declared effective by the SEC on November 18, 2022.
未来的资本要求可能因时期而异,将取决于许多因素,包括研发支出的时机和范围以及资本支出。2022 年 11 月 9 日,META 在 S-3 表格上提交了第 333-268282 号注册声明(“招股说明书”),允许其发行总发行价格不超过2.5亿美元的证券。该招股说明书于2022年11月18日由美国证券交易委员会宣布生效。
On February 10, 2023, META entered into a sales agreement (the "ATM Agreement") with an investment bank with the establishment of an "at-the-market" offering program under which the Company may sell up to an aggregate of $100 million of shares of common stock (the "ATM Shares") from time to time. The sales agents are entitled to compensation at a fixed commission rate of 3.0% of the gross proceeds of each sale of shares of our common stock.
2023 年 2 月 10 日,META 与一家投资银行签订了销售协议(“自动柜员机协议”),制定了一个 “市场” 发行计划,根据该计划,公司可以不时出售总额不超过 1 亿美元的普通股(“ATM 股票”)。销售代理有权按每次出售我们普通股总收益的3.0%的固定佣金率获得补偿。
About Meta Materials Inc.
META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, high-performance, functional materials, components and systems. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Our nano-optic metamaterial technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Learn more at .
关于元材料公司
META通过发明、设计、开发和制造可持续的高性能功能材料、组件和系统,在各种应用中提供了以前无法实现的性能。我们广泛的技术平台使全球领先品牌能够向消费电子、5G 通信、健康和保健、航空航天、汽车和清洁能源领域的客户提供突破性产品。我们的纳米光学超材料技术为政府文件和货币提供防伪安全功能,为品牌提供身份验证。我们的成就得到了广泛认可,包括在2021年被评为Lux Research年度创新者。要了解更多信息,请访问。
Media Inquiries
Rob Stone
Vice President, Corporate Development and Communications
Meta Materials Inc.
media@metamaterial.com
媒体查询
罗伯·斯通
企业发展与传播副总裁
Meta Materials
media@metamaterial.com
Investor Contact
Mark Komonoski
Senior Vice President
Integrous Communications
Phone: 1-877-255-8483
Email: ir@metamaterial.com
投资者联系人
马克·科莫诺斯基
高级副总裁
Integrous 通信
电话:1-877-255-8483
电子邮件:ir@metamaterial.com
META MATERIALS INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
META MATERIALS
简明的合并资产负债表
As of | As of | |||||||
December 31, 2022 | December 31, 2021 | |||||||
Assets |
||||||||
Current assets |
||||||||
Cash and cash equivalents |
$ | 10,090,858 | $ | 46,645,704 | ||||
Restricted cash |
1,720,613 | 788,768 | ||||||
Short-term investments |
- | 2,875,638 | ||||||
Grants receivable |
- | 175,780 | ||||||
Accounts and other receivables |
902,718 | 1,665,700 | ||||||
Notes receivable |
2,211,900 | - | ||||||
Inventory |
468,027 | 265,718 | ||||||
Prepaid expenses and other current assets |
7,202,099 | 3,451,367 | ||||||
Assets held for sale |
- | 75,500,000 | ||||||
Due from related parties |
8,461 | 10,657 | ||||||
Total current assets |
22,604,676 | 131,379,332 | ||||||
Intangible assets, net |
56,313,317 | 28,971,824 | ||||||
Property, plant and equipment, net |
42,674,699 | 27,018,114 | ||||||
Operating lease right-of-use assets |
5,576,824 | 6,278,547 | ||||||
Goodwill |
281,748,466 | 240,376,634 | ||||||
Total assets |
$ | 408,917,982 | $ | 434,024,451 | ||||
Liabilities and stockholders' equity |
||||||||
Current liabilities |
||||||||
Trade and other payables |
16,694,211 | 13,335,470 | ||||||
Current portion of long-term debt |
483,226 | 491,278 | ||||||
Current portion of deferred revenues |
730,501 | 779,732 | ||||||
Current portion of deferred government assistance |
799,490 | 846,612 | ||||||
Preferred stock liability |
- | 75,500,000 | ||||||
Current portion of operating lease liabilities |
967,126 | 663,861 | ||||||
Asset retirement obligations |
- | 21,937 | ||||||
Total current liabilities |
19,674,554 | 91,638,890 | ||||||
Deferred revenues |
479,808 | 637,008 | ||||||
Deferred government assistance |
319,017 | 3,038 | ||||||
Deferred tax liability |
3,253,985 | 324,479 | ||||||
Long-term operating lease liabilities |
3,375,031 | 3,706,774 | ||||||
Funding obligation |
180,705 | 268,976 | ||||||
Long-term debt |
3,070,729 | 2,737,171 | ||||||
Total liabilities |
30,353,829 | 99,316,336 | ||||||
Stockholders' equity |
||||||||
Common stock - $0.001 par value; 1,000,000,000 shares authorized, 362,247,867 shares issued and outstanding at December 31, 2022, and $.001 par value; unlimited shares authorized, 284,573,316 shares issued and outstanding at December 31, 2021 |
340,425 | 262,751 | ||||||
Additional paid-in capital |
590,962,866 | 463,136,404 | ||||||
Accumulated other comprehensive income (loss) |
(5,242,810 | ) | (296,936 | ) | ||||
Accumulated deficit |
(207,496,328 | ) | (128,394,104 | ) | ||||
Total stockholders' equity |
378,564,153 | 334,708,115 | ||||||
Total liabilities and stockholders' equity |
$ | 408,917,982 | $ | 434,024,451 |
截至 | 截至 | |||||||
2022年12月31日 | 2021年12月31日 | |||||||
资产 |
||||||||
流动资产 |
||||||||
现金和现金等价物 |
$ | 10,090,858 | $ | 46,645,704 | ||||
限制性现金 |
1,720,613 | 788,768 | ||||||
短期投资 |
- | 2,875,638 | ||||||
应收补助金 |
- | 175,780 | ||||||
账款和其他应收款 |
902,718 | 1,665,700 | ||||||
应收票据 |
2,211,900 | - | ||||||
库存 |
468,027 | 265,718 | ||||||
预付费用和其他流动资产 |
7,202,099 | 3,451,367 | ||||||
持有待售资产 |
- | 75,500,000 | ||||||
应向关联方收取的款项 |
8,461 | 10,657 | ||||||
流动资产总额 |
22,604,676 | 131,379,332 | ||||||
无形资产,净额 |
56,313,317 | 28,971,824 | ||||||
不动产、厂房和设备,净额 |
42,674,699 | 27,018,114 | ||||||
经营租赁使用权资产 |
5,576,824 | 6,278,547 | ||||||
善意 |
281,748,466 | 240,376,634 | ||||||
总资产 |
$ | 408,917,982 | $ | 434,024,451 | ||||
负债和股东权益 |
||||||||
流动负债 |
||||||||
贸易和其他应付账款 |
16,694,211 | 13,335,470 | ||||||
长期债务的当前部分 |
483,226 | 491,278 | ||||||
递延收入的当期部分 |
730,501 | 779,732 | ||||||
延期政府援助的当前部分 |
799,490 | 846,612 | ||||||
优先股负债 |
- | 75,500,000 | ||||||
经营租赁负债的流动部分 |
967,126 | 663,861 | ||||||
资产报废债务 |
- | 21,937 | ||||||
流动负债总额 |
19,674,554 | 91,638,890 | ||||||
递延收入 |
479,808 | 637,008 | ||||||
推迟的政府援助 |
319,017 | 3,038 | ||||||
递延所得税负债 |
3,253,985 | 324,479 | ||||||
长期经营租赁负债 |
3,375,031 | 3,706,774 | ||||||
供资义务 |
180,705 | 268,976 | ||||||
长期债务 |
3,070,729 | 2,737,171 | ||||||
负债总额 |
30,353,829 | 99,316,336 | ||||||
股东权益 |
||||||||
普通股——面值0.001美元;已授权1,000,000,000股,截至2022年12月31日已发行和流通362,247,867股,面值为.001美元;授权无限量股票,截至2021年12月31日已发行和流通284,573,316股 |
340,425 | 262,751 | ||||||
额外的实收资本 |
590,962,866 | 463,136,404 | ||||||
累计其他综合收益(亏损) |
(5,242,810) | ) | (296,936) | ) | ||||
累计赤字 |
(207,496,328) | ) | (128,394,104) | ) | ||||
股东权益总额 |
378,564,153 | 334,708,115 | ||||||
负债和股东权益总额 |
$ | 408,917,982 | $ | 434,024,451 |
META MATERIALS INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
META MATERIALS
简明的合并运营报表和综合亏损
Three months ended | Year Ended | |||||||||||||||
December 31, | December 31, | |||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||
Revenue |
||||||||||||||||
Product sales |
277,447 | 86,484 | 1,211,746 | 407,915 | ||||||||||||
Development revenue |
1,168,286 | 2,202,798 | 8,988,421 | 3,674,602 | ||||||||||||
Total Revenue |
1,445,733 | 2,289,282 | 10,200,167 | 4,082,517 | ||||||||||||
Cost of goods sold |
682,797 | 529,764 | 3,036,190 | 675,973 | ||||||||||||
Gross Profit |
762,936 | 1,759,518 | 7,163,977 | 3,406,544 | ||||||||||||
Operating Expenses |
||||||||||||||||
Selling & Marketing |
3,053,932 | 1,144,885 | 6,244,883 | 2,267,354 | ||||||||||||
General & Administrative |
15,801,181 | 13,483,954 | 61,543,282 | 29,699,602 | ||||||||||||
Research & Development |
5,944,871 | 4,266,606 | 22,640,495 | 9,497,427 | ||||||||||||
Total operating expenses |
24,799,984 | 18,895,445 | 90,428,660 | 41,464,383 | ||||||||||||
Loss from operations |
(24,037,048 | ) | (17,135,927 | ) | (83,264,683 | ) | (38,057,839 | ) | ||||||||
Other income (expense) |
||||||||||||||||
Interest expense, net |
266,460 | (12,612 | ) | (174,234 | ) | (1,106,445 | ) | |||||||||
Loss on foreign exchange, net |
992,508 | 564,660 | (2,054,447 | ) | (205,882 | ) | ||||||||||
Gain on deconsolidation of wholly-owned subsidiary |
3,990,737 | - | 3,990,737 | |||||||||||||
Loss on financial instruments, net |
- | - | (40,540,091 | ) | ||||||||||||
Other (loss) income, net |
(2,109,229 | ) | (13,612,192 | ) | (3,433,757 | ) | (11,939,067 | ) | ||||||||
Total other expense, net |
3,140,476 | (13,060,144 | ) | (1,671,701 | ) | (53,791,485 | ) | |||||||||
Loss before income taxes |
(20,896,572 | ) | (30,196,071 | ) | (84,936,384 | ) | (91,849,324 | ) | ||||||||
Income tax recovery |
5,686,967 | 665,880 | 5,834,160 | 852,063 | ||||||||||||
Net loss |
(15,209,605 | ) | (29,530,191 | ) | (79,102,224 | ) | (90,997,261 | ) | ||||||||
Other Comprehensive Income net of tax |
||||||||||||||||
Foreign currency translation (loss) gain |
1,619,280 | (303,902 | ) | (4,945,874 | ) | (321,663 | ) | |||||||||
Fair value gain on changes of own credit risk |
- | - | - | 680,611 | ||||||||||||
Total Other Comprehensive (Loss) Income |
1,619,280 | (303,902 | ) | (4,945,874 | ) | 358,948 | ||||||||||
Comprehensive loss |
(13,590,325 | ) | (29,834,093 | ) | (84,048,098 | ) | (90,638,313 | ) | ||||||||
Basic and diluted loss per share |
(0.04 | ) | (0.13 | ) | (0.24 | ) | (0.39 | ) | ||||||||
Weighted average number of shares outstanding - basic and diluted |
362,531,231 | 232,898,398 | 328,350,452 | 232,898,398 |
三个月已结束 | 年末 | |||||||||||||||
十二月三十一日 | 十二月三十一日 | |||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||
收入 |
||||||||||||||||
产品销售 |
277,447 | 86,484 | 1,211746 | 407,915 | ||||||||||||
开发收入 |
1,168,286 | 2,202,798 | 8,988,421 | 3,674,602 | ||||||||||||
总收入 |
1,445,733 | 2,289,282 | 10,200,167 | 4,082,517 | ||||||||||||
销售商品的成本 |
682,797 | 529,764 | 3,036,190 | 675,973 | ||||||||||||
毛利 |
762,936 | 1,759,518 | 7,163,977 | 3,406,544 | ||||||||||||
运营费用 |
||||||||||||||||
销售与营销 |
3,053,932 | 1,144,885 | 6,244,883 | 2,267,354 | ||||||||||||
一般与行政 |
15,801,181 | 13,483,954 | 61,543,282 | 29,699,602 | ||||||||||||
研究与开发 |
5,944,871 | 4,266,606 | 22,640,495 | 9,497,427 | ||||||||||||
运营费用总额 |
24,799,984 | 18,895,445 | 90,428,660 | 41,464,383 | ||||||||||||
运营损失 |
(24,037,048) | ) | (17,135,927) | ) | (83,264,683 | ) | (38,057,839) | ) | ||||||||
其他收入(支出) |
||||||||||||||||
利息支出,净额 |
266,460 | (12,612) | ) | (174,234) | ) | (1,106,445) | ) | |||||||||
外汇亏损,净额 |
992,508 | 564,660 | (2,054,447 | ) | (205,882) | ) | ||||||||||
全资子公司分拆的收益 |
3,990,737 | - | 3,990,737 | |||||||||||||
金融工具亏损,净额 |
- | - | (40,540,091 | ) | ||||||||||||
其他(亏损)收入,净额 |
(2,109,229) | ) | (13,612,192) | ) | (3,433,757) | ) | (11,939,067) | ) | ||||||||
其他支出总额,净额 |
3,140,476 | (13,060,144) | ) | (1,671,701) | ) | (53,791,485) | ) | |||||||||
所得税前亏损 |
(20,896,572) | ) | (30,196,071) | ) | (84,936,384) | ) | (91,849,324) | ) | ||||||||
追回所得税 |
5,686,967 | 665,880 | 5,834,160 | 852,063 | ||||||||||||
净亏损 |
(15,209,605) | ) | (29,530,191) | ) | (79,102,224 | ) | (90,997,261) | ) | ||||||||
扣除税款的其他综合收入 |
||||||||||||||||
外币折算(亏损)收益 |
1,619,280 | (303,902) | ) | (4,945,874) | ) | (321,663) | ) | |||||||||
自身信用风险变化的公允价值收益 |
- | - | - | 680,611 | ||||||||||||
其他综合(亏损)收入总额 |
1,619,280 | (303,902) | ) | (4,945,874) | ) | 358,948 | ||||||||||
综合损失 |
(13,590,325) | ) | (29,834,093) | ) | (84,048,098) | ) | (90,638,313) | ) | ||||||||
每股基本亏损和摊薄后亏损 |
(0.04 | ) | (0.13 | ) | (0.24) | ) | (0.39) | ) | ||||||||
加权平均已发行股票数量——基本和摊薄后 |
362,531,231 | 232,898,398 | 328,350,452 | 232,898,398 |
META MATERIALS INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
META MATERIALS
简明的合并现金流量表
Year ended December 31, | ||||||||
2022 | 2021 | |||||||
$ | $ | |||||||
Cash flows from operating activities: |
||||||||
Net loss |
(79,102,224 | ) | (90,997,261 | ) | ||||
Adjustments to reconcile net loss to net cash used in operating activities: |
||||||||
Non-cash finance income |
(135,524 | ) | (471,689 | ) | ||||
Non-cash interest expense |
403,317 | 902,940 | ||||||
Non-cash lease expense |
1,608,992 | 439,791 | ||||||
Deferred income tax |
(5,834,160 | ) | (852,063 | ) | ||||
Depreciation and amortization |
9,272,074 | 3,491,493 | ||||||
Impairment of assets |
108,004 | 237,013 | ||||||
Unrealized foreign currency exchange loss |
2,050,029 | 407,352 | ||||||
Loss on financial instruments, net |
- | 40,540,091 | ||||||
Gain on deconsolidation of wholly-owned subsidiary |
(3,990,737 | ) | ||||||
Change in deferred revenue |
(129,679 | ) | (679,541 | ) | ||||
Non-cash government assistance |
(3,047 | ) | (544,932 | ) | ||||
Gain on sale of assets |
(783 | ) | - | |||||
Loss on debt settlement |
- | 19,253 | ||||||
Stock-based compensation |
13,184,396 | 1,576,849 | ||||||
Non-cash consulting expense |
677,638 | 6,513,378 | ||||||
Changes in operating assets and liabilities |
(353,090 | ) | 4,652,415 | |||||
Net cash used in operating activities |
(62,244,794 | ) | (34,764,911 | ) | ||||
Cash flows from investing activities |
||||||||
Purchases of intangible assets |
- | (1,133,894 | ) | |||||
Purchases of property, plant and equipment |
(19,587,511 | ) | (11,655,417 | ) | ||||
Proceeds from sale of property, plant and equipment |
39,140 | - | ||||||
Proceeds from (Purchases of) short-term investments |
2,811,152 | (2,889,852 | ) | |||||
Proceeds from below-market capital government loan |
1,071,862 | - | ||||||
Acquisition of business, net of cash acquired |
(3,486,906 | ) | (66,131,025 | ) | ||||
Loan advance pursuant to deconsolidation |
(319,987 | ) | - | |||||
Proceeds from reverse takeover |
- | 146,954,733 | ||||||
Net cash provided by (used in) investing activities |
(19,472,250 | ) | 65,144,545 | |||||
Cash flows from financing activities |
||||||||
Proceeds from long-term debt |
- | 1,127,151 | ||||||
Proceeds from the issuance of common stock and warrants |
50,000,000 | - | ||||||
Stock issuance costs paid on the issuance of common stock and warrants |
(3,680,666 | ) | - | |||||
Repayments of long-term debt |
(552,579 | ) | (1,090,047 | ) | ||||
Proceeds from government grants |
- | 223,384 | ||||||
Proceeds from unsecured promissory notes |
- | 13,963,386 | ||||||
Proceeds from stock option exercises |
448,711 | 1,293,263 | ||||||
Repurchases of common stock for income tax withheld upon settlement of restricted stock units |
(18,027 | ) | - | |||||
Proceeds from warrant exercises |
169,574 | 138,726 | ||||||
Net cash provided by financing activities |
46,367,013 | 15,655,863 | ||||||
Net (decrease) increase in cash, cash equivalents and restricted cash |
(35,350,031 | ) | 46,035,497 | |||||
Cash, cash equivalents and restricted cash at beginning of the period |
47,434,472 | 1,395,683 | ||||||
Effects of exchange rate changes on cash, cash equivalents and restricted cash |
(272,970 | ) | 3,292 | |||||
Cash, cash equivalents and restricted cash at end of the period |
11,811,471 | 47,434,472 | ||||||
Supplemental cash flow information |
||||||||
Accrued purchases of property, equipment, and patents |
2,270,887 | 1,692,969 | ||||||
Right-of-use assets obtained in exchange for lease liabilities |
288,499 | 3,590,148 | ||||||
Right-of-use assets and prepaid expenses recognized in exchange for common stock |
2,149,381 | |||||||
Settlement of liabilities in common stock |
- | 51,992,451 | ||||||
Beneficial conversion feature on convertible debt |
- | 64,528 |
截至12月31日的年度 | ||||||||
2022 | 2021 | |||||||
$ | $ | |||||||
来自经营活动的现金流: |
||||||||
净亏损 |
(79,102,224 | ) | (90,997,261) | ) | ||||
为使净亏损与经营活动中使用的净现金相一致而进行的调整: |
||||||||
非现金金融收入 |
(135,524) | ) | (471,689) | ) | ||||
非现金利息支出 |
403,317 | 902,940 | ||||||
非现金租赁费用 |
1,608,992 | 439,791 | ||||||
递延所得税 |
(5,834,160) | ) | (852,063) | ) | ||||
折旧和摊销 |
9,272,074 | 3,491,493 | ||||||
资产减值 |
108,004 | 237,013 | ||||||
未实现的外币汇兑损失 |
2,050,029 | 407,352 | ||||||
金融工具亏损,净额 |
- | 40,540,091 | ||||||
全资子公司分拆的收益 |
(3,990,737) | ) | ||||||
递延收入的变化 |
(129,679) | ) | (679,541) | ) | ||||
非现金政府援助 |
(3,047) | ) | (544,932) | ) | ||||
出售资产的收益 |
(783) | ) | - | |||||
债务清算损失 |
- | 19,253 | ||||||
基于股票的薪酬 |
13,184,396 | 1,576,849 | ||||||
非现金咨询费用 |
677,638 | 6,513,378 | ||||||
经营资产和负债的变化 |
(353,090) | ) | 4,652,415 | |||||
用于经营活动的净现金 |
(62,244,794) | ) | (34,764,911 | ) | ||||
来自投资活动的现金流 |
||||||||
购买无形资产 |
- | (1,133,894) | ) | |||||
购置不动产、厂房和设备 |
(19,587,511) | ) | (11,655,417) | ) | ||||
出售不动产、厂房和设备的收益 |
39,140 | - | ||||||
(购买)短期投资的收益 |
2,811,152 | (2,889,852 | ) | |||||
低于市场的资本政府贷款的收益 |
1,071,862 | - | ||||||
收购业务,扣除获得的现金 |
(3,486,906) | ) | (66,131,025) | ) | ||||
根据分拆预付的贷款 |
(319,987) | ) | - | |||||
反向收购的收益 |
- | 146,954,733 | ||||||
由(用于)投资活动提供的净现金 |
(19,472,250 | ) | 65,144,545 | |||||
来自融资活动的现金流量 |
||||||||
长期债务的收益 |
- | 1,127,151 | ||||||
发行普通股和认股权证的收益 |
50,000,000 | - | ||||||
发行普通股和认股权证时支付的股票发行成本 |
(3,680,666) | ) | - | |||||
偿还长期债务 |
(552,579 | ) | (1,090,047 | ) | ||||
政府补助的收益 |
- | 223,384 | ||||||
无担保本票的收益 |
- | 13,963,386 | ||||||
股票期权行使的收益 |
448,711 | 1,293,263 | ||||||
回购普通股以获得在结算限制性股票单位时预扣的所得税 |
(18,027) | ) | - | |||||
行使认股权证的收益 |
169,574 | 138,726 | ||||||
融资活动提供的净现金 |
46,367,013 | 15,655,863 | ||||||
现金、现金等价物和限制性现金净增加(减少) |
(35,350,031) | ) | 46,035,497 | |||||
期初的现金、现金等价物和限制性现金 |
47,434,472 | 1,395,683 | ||||||
汇率变动对现金、现金等价物和限制性现金的影响 |
(272,970) | ) | 3,292 | |||||
期末现金、现金等价物和限制性现金 |
11811,471 | 47,434,472 | ||||||
补充现金流信息 |
||||||||
财产、设备和专利的应计购买 |
2,270,887 | 1,692,969 | ||||||
为换取租赁负债而获得的使用权资产 |
288,499 | 3,590,148 | ||||||
确认使用权资产和预付费用以换取普通股 |
2,149,381 | |||||||
普通股负债的结算 |
- | 51,992,451 | ||||||
可转换债务的有益转换功能 |
- | 64,528 |
Forward-Looking Information
This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, statements with respect to the reduction in expenses, the ability of the Company to meet its capital needs, the business strategies, product development, expansion plans and operational activities of the Company. Often, but not always, forward-looking information can be identified by the use of words such as "pursuing", "potential", "predicts", "projects", "seeks", "plans", "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "should", "would" or "will" be taken, occur or be achieved. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the total available market and market potential of the products of the Company, the market position of the Company, the need to raise more capital and the ability to do so, the scalability of the Company's production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business. More details about these and other risks that may impact the Company's businesses are described under the heading "Forward-Looking Information" and under the heading "Risk Factors" in the Company's Form 10-K filed with the SEC on March 23, 2023, and in subsequent filings made by Meta Materials with the SEC, which are available on SEC's website at www.sec.gov. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by law.
前瞻性信息
本新闻稿包括加拿大证券法所指的、经修订的1933年《证券法》第27A条、经修订的1934年《证券交易法》第21E条和1995年《私人证券诉讼改革法》所指的前瞻性信息或陈述,其中可能包括但不限于有关减少支出、公司满足资本需求的能力、业务的声明战略、产品开发、扩张计划和公司的经营活动。通常,前瞻性信息可以通过使用 “追求”、“潜力”、“预测”、“项目”、“寻求”、“计划”、“期望”、“打算”、“预期”、“预期”、“相信” 或此类词语的变体(包括负面变体)等词语来识别,或者陈述某些行为、事件或结果 “可能”、“可以”、“应该”、“愿意” 或 “将” 采取、发生或实现。此类陈述基于公司管理层对未来事件的当前预期和看法,基于假设,存在风险和不确定性。尽管公司管理层认为这些陈述所依据的假设是合理的,但它们可能被证明是不正确的。本新闻稿中讨论的前瞻性事件和情况可能不会发生,并且可能存在重大差异,这是由于影响公司的已知和未知风险因素和不确定性、我们设施的能力及其扩张能力、公司的研发项目、公司产品的总可用市场和市场潜力、公司的市场地位、筹集更多资金的需求和筹集能力、公司生产能力的可扩展性、产能的可扩展性新客户参与度、材料选择计划的时间框架、降低生产成本、增强超材料制造能力并将市场覆盖范围扩展到新应用和行业的能力、加快商业化计划的能力、签订新客户合同的可能性、员工的持续参与、技术行业、市场战略和运营活动以及管理层管理和运营业务的能力。有关这些风险和其他可能影响公司业务的风险的更多细节在公司于2023年3月23日向美国证券交易委员会提交的10-K表格以及Meta Materials随后向美国证券交易委员会提交的文件中,在 “前瞻性信息” 标题下以及 “风险因素” 标题下进行了描述,这些文件可在美国证券交易委员会网站www.sec.gov上查阅。尽管公司试图确定可能导致实际行动、事件或结果与前瞻性陈述中描述的存在重大差异的重要因素,但可能还有其他因素导致行动、事件或结果与预期、估计或预期的不同。因此,读者不应过分依赖任何前瞻性陈述或信息。无法保证任何前瞻性陈述。除非适用的证券法要求,否则前瞻性陈述仅代表其发表之日,除非法律要求,否则公司不承担任何公开更新或修改任何前瞻性陈述的义务,无论是由于新信息、未来事件还是其他原因造成的。
SOURCE: Meta Materials Inc.
来源: Meta Materials
译文内容由第三方软件翻译。