Meta Materials (NASDAQ:MMAT) stock sank 17% after the high-performance functional material developer posted weak Q4 results.
Q4 net loss widened fivefold to C$29.5M vs. C$5.8M in Q4 2020. 2021 net loss widened to ~C$91M, which includes a one-time, non-cash loss of C$40.5M on financial instruments, vs. net loss of ~C$11.6M in 2020.