Skip to content

Meta Materials Inc.: 10-K/A filed 2022-05-02

What Meta Materials Inc. reported in its annual report amendment filed 2022-05-02 (fiscal FY 2021): 53 published measures, 135 facts as tagged in accession 0000950170-22-006837.

This is an amendment. Values here are as tagged in the amendment; the original filing has its own page.

This filing

Form
10-K/A (annual report amendment)
Filed
2022-05-02
Fiscal period
fiscal FY 2021
Accession
0000950170-22-006837 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All Meta Materials Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2021-12-31434,024,451USD
At 2020-12-3110,232,335USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2021-12-3199,316,336USD
At 2020-12-3119,129,738USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2021-12-31334,708,115USD
At 2020-12-31-8,897,403USD
At 2019-12-31-5,862,216USD
At 2018-12-31-129,389USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2021-12-3146,645,704USD
At 2020-12-311,395,683USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2021-01-01 to 2021-12-31-90,997,261USD365
2020-01-01 to 2020-12-31-11,611,259USD366
2019-01-01 to 2019-12-31-8,444,967USD365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2021-01-01 to 2021-12-31-34,764,911USD365
2020-01-01 to 2020-12-31-7,929,047USD366
2019-01-01 to 2019-12-31-4,360,747USD365

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2021-01-01 to 2021-12-314,082,517USD365
2020-01-01 to 2020-12-311,122,183USD366
2019-01-01 to 2019-12-31902,410USD365

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

PeriodValueUnitDays
2021-01-01 to 2021-12-314,082,517USD365
2020-01-01 to 2020-12-311,122,183USD366
2019-01-01 to 2019-12-31902,410USD365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2021-01-01 to 2021-12-3115,655,863USD365
2020-01-01 to 2020-12-316,333,827USD366
2019-01-01 to 2019-12-315,328,559USD365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2021-01-01 to 2021-12-3165,144,545USD365
2020-01-01 to 2020-12-312,412,991USD366
2019-01-01 to 2019-12-31-1,195,342USD365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2021-12-31-128,394,104USD
At 2020-12-31-37,396,843USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2021-01-01 to 2021-12-31232,898,398shares365
2020-01-01 to 2020-12-31137,258,259shares366
2019-01-01 to 2019-12-3150,015,137shares365

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2021-01-01 to 2021-12-31232,898,398shares365
2020-01-01 to 2020-12-31137,258,259shares366
2019-01-01 to 2019-12-3150,015,137shares365

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2021-01-01 to 2021-12-31-0.39USD/shares365
2020-01-01 to 2020-12-31-0.08USD/shares366
2019-01-01 to 2019-12-31-0.17USD/shares365

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2021-01-01 to 2021-12-31-0.39USD/shares365
2020-01-01 to 2020-12-31-0.08USD/shares366
2019-01-01 to 2019-12-31-0.17USD/shares365

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2021-01-01 to 2021-12-31-852,063USD365
2020-01-01 to 2020-12-31-193,710USD366
2019-01-01 to 2019-12-31-83,549USD365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2021-12-3127,018,114USD
At 2020-12-312,761,171USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2021-01-01 to 2021-12-311,576,849USD365
2020-01-01 to 2020-12-311,509,684USD366
2019-01-01 to 2019-12-311,292,773USD365

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2021-01-01 to 2021-12-31-38,057,838USD365
2020-01-01 to 2020-12-31-10,756,379USD366
2019-01-01 to 2019-12-31-8,877,412USD365

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2021-12-31131,379,332USD
At 2020-12-312,723,969USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2021-01-01 to 2021-12-311,106,445USD365
2020-01-01 to 2020-12-311,429,954USD366
2019-01-01 to 2019-12-311,135,922USD365

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2021-12-3191,638,890USD
At 2020-12-3112,395,475USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2021-12-3113,335,470USD
At 2020-12-312,940,452USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2021-12-31240,376,634USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

PeriodValueUnitDays
At 2021-12-3128,971,824USD
At 2020-12-314,476,614USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2021-01-01 to 2021-12-3141,464,382USD365
2020-01-01 to 2020-12-3111,875,308USD366
2019-01-01 to 2019-12-319,770,650USD365

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2021-12-31265,718USD
At 2020-12-31463,382USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2021-01-01 to 2021-12-313,406,544USD365
2020-01-01 to 2020-12-311,118,929USD366
2019-01-01 to 2019-12-31893,238USD365

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2021-01-01 to 2021-12-319,497,427USD365
2020-01-01 to 2020-12-314,102,791USD366
2019-01-01 to 2019-12-313,825,194USD365

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2021-12-31284,573,316shares
At 2020-12-31154,163,975shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2021-12-3147,434,472USD
At 2020-12-311,395,683USD
At 2019-12-31407,061USD
At 2018-12-31623,532USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2021-12-31-296,936USD
At 2020-12-31-655,884USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2021-12-316,278,547USD
At 2020-12-31270,581USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2021-12-314,370,635USD
At 2020-12-31270,581USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

PeriodValueUnitDays
At 2021-12-313,228,449USD
At 2020-12-313,034,048USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2021-12-3134,127,218USD
At 2020-12-317,800,277USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2021-12-317,109,104USD
At 2020-12-315,039,106USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2021-12-3128,971,824USD
At 2020-12-314,476,614USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2021-12-313,451,367USD
At 2020-12-31514,203USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

PeriodValueUnitDays
At 2021-12-31779,732USD
At 2020-12-311,239,927USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

PeriodValueUnitDays
At 2021-12-318,539,979USD
At 2020-12-311,049,482USD

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

PeriodValueUnitDays
At 2021-12-31324,479USD
At 2020-12-31318,054USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2021-01-01 to 2021-12-31-91,849,324USD365
2020-01-01 to 2020-12-31-11,804,969USD366
2019-01-01 to 2019-12-31-8,528,516USD365

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2021-01-01 to 2021-12-31-90,638,313USD365
2020-01-01 to 2020-12-31-12,203,264USD366
2019-01-01 to 2019-12-3181,432USD365

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2021-01-01 to 2021-12-3129,699,601USD365
2020-01-01 to 2020-12-316,707,858USD366
2019-01-01 to 2019-12-314,819,737USD365

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2021-01-01 to 2021-12-311,800,000USD365
2020-01-01 to 2020-12-311,600,000USD366

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2021-01-01 to 2021-12-311,700,000USD365
2020-01-01 to 2020-12-31800,000USD366

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2021-01-01 to 2021-12-31-11,939,068USD365
2020-01-01 to 2020-12-311,491,188USD366
2019-01-01 to 2019-12-312,081,398USD365

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2021-01-01 to 2021-12-31-53,791,486USD365
2020-01-01 to 2020-12-31-1,048,590USD366
2019-01-01 to 2019-12-31348,896USD365

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

PeriodValueUnitDays
2021-01-01 to 2021-12-31800USD365
2020-01-01 to 2020-12-31800USD366
2019-01-01 to 2019-12-31800USD365

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

PeriodValueUnitDays
2021-01-01 to 2021-12-31-852,863USD365
2020-01-01 to 2020-12-31-194,510USD366
2019-01-01 to 2019-12-31-84,349USD365

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2021-01-01 to 2021-12-3164,528USD365
2020-01-01 to 2020-12-31193,745USD366
2019-01-01 to 2019-12-3114,477USD365

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2021-01-01 to 2021-12-31-325,657USD365
2020-01-01 to 2020-12-31109,986USD366
2019-01-01 to 2019-12-3117,495USD365

Inspect the source

Entity
Meta Materials Inc. / CIK 0001431959
Captured
SEC response SHA-256
bf1f2328712c20936d403f7c01ac954e291283562ae439a215e95b0a5810ca2e

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001431959.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))