![]() ![]() One step further is the Chinese electric car Company XPeng. In contrast, revenues rose 111% to a still-low USD 1.8 million. For the first nine months of 2021, the net loss was USD 61.5 million. With a stock market value of around EUR 1.20 billion, the innovation leader in metamaterials is more than promising for the long term.Īs usual for such a research company, the figures for the third quarter are marked by high losses. ![]() The Canadians' engineered functional films can be sold in the consumer electronics, 5G communications, medical, aerospace, automotive and clean energy segments. The platform company aims to continue to significantly expand the field of high-performance functional materials to protect its leadership position and capitalize on commercial opportunities with partners. The total number of patents has increased 166% from 93 in 2020, and the number of patent families has more than doubled from 28 in the previous year. Including the patents added with the Nanotech acquisition, META now has a total of 247 patents (154 issued patents and 93 pending applications, including three design applications) in 65 patent families, of which 44 families include at least one issued patent. The results are impressive and demonstrate the Company's competitive advantage over its rivals. Meta Materials has been successfully researching materials science for a decade. Development strategies for metamaterials and functional materials focus on structures that create unusual and exotic electromagnetic properties by altering light and radio waves in ways that would be impossible naturally. By 2030, the market volume is expected to reach USD 10.7 billion. The market for metamaterials is gigantic and is growing at an annual rate of almost 24%. Meta Materials is not a meme stock, however, but the Company has excellent potential in terms of the technology it has developed. Within two days, the stock shot from USD 6 to USD 23, only to settle back in the USD 5 range. Already last year, the Reddit community jumped on the stock in short order. Taking the slight mix-up in humor, Meta Materials CEO George Palikaras thanked the Company with a tweet, "On behalf of I'd like to welcome to the #metaverse." The man is practiced.
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