HALIFAX, NS / ACCESSWIRE / November 7, 2023 / Meta Materials Inc. (the Company or META) (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced preliminary positive cost cutting results from the initial stages of restructuring, while signaling its intent to focus on core business lines currently generating revenue and those expected to generate revenue in the not-too-distant future. This update follows the revised operating plan (the Realignment and Consolidation Plan), which was approved by our board of directors on June 6, 2023.
META Board Chair Jack Harding stated, Our strategic initiatives will preserve runway into 2024 and beyond, as we continue to focus on revenue, expense management, capital allocation and…
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