But a growing number of startups and large corporations are showing interest in the use of digital patterning for faster product design. Optical metamaterials have until now been largely held back by lack of production infrastructure and a shortage of device designers familiar with the technology. Nanoscale patterning on a large scale is only now looking possible. One challenge to transforming an optical material into a metamaterial involves intricately patterning its surface with nanostructures, which then locally manipulate the propagation of light. Although metamaterials targeting microwave frequencies have been successfully harnessed for wireless technology for over a decade, the optical arena proves more problematic, but potentially more lucrative to those who can address early challenges with the technology. Metamaterials science operates at the intersection of materials informatics, engineering, materials science, and physics. And the most immediate consumer application appears to be depth-sensing in mobile devices, driverless cars, and augmented and virtual reality headsets.įrom damage-resistant antireflective optics to tunable flat lenses, metamaterials promise more versatile and compact optical systems for smartphones, cameras, automotive safety systems, and gaming consoles - and sleeker augmented reality headsets. Now they are finding employment in smartphones, cameras, cars, and gaming consoles. From damage-resistant antireflective optics to tunable flat lenses, metamaterials have already made commercial inroads. Optical metamaterials leverage either chemical compositions or surface features that are smaller than certain wavelengths of light to enable them to interact with photons in useful ways. Thanks to rapid maturation of technology and falling production costs, the doors are opening to some lucrative new markets for the materials. That’s what experts in the field predict.

( ALOT ) and Brother Industry Ltd ( BRTHY ), which have an A (Strong Buy) rating.Prepare for optical metamaterials to enter our pockets, kitchens, cars, and offices in the next three to five years. While MMAT has an overall POWR Rating of F, you might want to consider looking at its industry peers, AstroNova Inc. Moreover, with negative cash flows and poor profitability, we believe the stock is best avoided now. While MMAT has been striving to boost its business growth through various collaborative projects and acquisitions, the company’s unstable financials and lofty valuation have caused its shares to plummet significantly since its listing. Of the 45 stocks in the B-rated Technology – Electronics industry, MMAT is ranked #42.īeyond what I’ve stated above, we have rated MMAT for Growth, Momentum, and Sentiment. This is justified given the stock’s higher than industry valuation multiples and high volatility.Īlso, the stock has a D grade for Quality, which is consistent with the stock’s negative profit margin. MMAT has an F grade for Value and Stability. Our proprietary rating system also evaluates each stock based on eight different categories. The POWR Ratings are calculated considering 118 different factors, with each factor weighted to an optimal degree. MMAT has an overall F rating, which equates to Strong Sell in our proprietary POWR Ratings system.

In addition, its trailing-12-months Price/Sales of 295.93x is 6,883% higher than the industry average of 4.24x. In terms of trailing-12-months EV/Sales, MMAT is currently trading at 785.79x, significantly higher than the industry average of 4.41x.

Meta materials