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CIK 1431959

Meta Materials Inc.
CIK 0001431959 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
86.7
composite ยท 3 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-12 ยท FY 2023-12-31 ยท TRIGGERED100.0

Restatement predictor

F-Score 43.91 โ€” misstatement risk 43.9x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2024-03-28) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 43.906,
  "probability": 0.16245,
  "components": {
    "rsst": -1.5341,
    "drec": 0.0002,
    "dinv": -0.0013,
    "soft": 0.4871,
    "dcs": -0.223,
    "droa": -7.0172,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2023-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1431959/000095017024038010/0000950170-24-038010-index.htm",
    "form": "10-K",
    "filed": "2024-03-28"
  }
}
P-13 ยท FY 2023-12-31 ยท TRIGGERED100.0

Zombie / distress

Zombie: interest coverage below 1.0x for 4 consecutive years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2024-03-28) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2023-12-31": -1079.694,
    "2022-12-31": -477.89,
    "2021-12-31": -34.397,
    "2020-12-31": -7.522
  },
  "consecutive_years_below_1": 4,
  "altman_z_double_prime": -85.737,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -408833821,
    "interest_expense_t": 378657
  },
  "stale": false,
  "latest_filing_period": "2023-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1431959/000095017024038010/0000950170-24-038010-index.htm",
    "form": "10-K",
    "filed": "2024-03-28"
  }
}
P-01 ยท FY 2023-12-31 ยท CLEAN0.0

Earnings quality

Beneish M-Score -35.32 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2024-03-28) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -35.324,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.337,
    "GMI": 1,
    "AQI": 0.414,
    "SGI": 0.781,
    "DEPI": 0.424,
    "SGAI": 1,
    "LVGI": 8.629,
    "TATA": -6.446
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": -1.5341,
  "inputs": {
    "revenue_t": 7965646,
    "revenue_t1": 10200167,
    "total_assets_t": 55228337,
    "net_income_t": -398231538,
    "cfo_t": -42218910
  },
  "stale": false,
  "latest_filing_period": "2023-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1431959/000095017024038010/0000950170-24-038010-index.htm",
    "form": "10-K",
    "filed": "2024-03-28"
  }
}