6/20/2023 0 Comments Torchlight merger meta![]() ![]() _ A place to interact, discuss, share information, DD … The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. ![]() For them, Meta Materials might provide big returns at current prices. But that risk profile describes many other investors. I’m fairly conservative when it comes to jumping into technology pre-commercialization. ![]() They may or may not ever come to market, but that’s the bet here. The company didn’t elaborate on the commercialization timeline for glucoWISE products. So, if investors assume that it is going to focus primarily on the diabetes management sector then there are significant catalysts for shares. Meta Materials meanwhile posted a $CAD 55.08 million loss in Q1.īut remember, Meta Materials is nearly debt-free following the merger. It posted a $249.51 million net loss in the period. Senseonics, like Meta Materials, realized a significant loss in Q1. The difference is that Meta Materials’ solution is non-invasive. Senseonics is a diabetes management firm that is progressing toward the commercialization of an implantable glucose monitor. There are at least a few parallels between Meta Materials and Senseonics (NYSEAMERICAN: SENS). It is safe to assume that Meta Materials will direct some of the $160 million in capital from the merger toward accelerating commercialization. If successful, it could be a substantial leap forward in diabetes management, eliminating painful aspects of the process.Īccording to the press release, the company’s looking for more strategic partners to help get its products commercialized as well as ways to make glucoWISE more portable and app friendly. The project aims to commercialize the META glucoWISE Home Hub system. They were proven to increase the transmissibility of normally weak glucose signals by 240%. Its metamaterial films were an integral part of the project. Meta Materials led the project through its wholly-owned subsidiary, META. ![]() The company announced the conclusion of a 27-month project on July 6 that aims to commercialize a jointly-developed, non-invasive, glucose-sensing prototype. When it completed the business combination with Torchlight Energy Resources the accompanying press release noted that it would discuss recent events and future growth initiatives on July 6. It is apparent that it is attempting to further establish its position within health and wellness in particular. Meta Materials 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. Ostensibly that cash will be directed toward materials development alone since its newly purchased oil assets are being sold.īased on those assumptions, is MMAT stock worth establishing a position in? A Closer Look at TRCH Stock As a result of the combination, it has $160 million in cash with nearly zero debt. The focal point moving forward for potential investors is whether Meta Materials makes sense as an investment. 7 High-Quality Stocks to Buy That Are Trading Below Fair Value ![]()
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