{"id":79329,"date":"2025-10-15T16:35:31","date_gmt":"2025-10-15T08:35:31","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=79329"},"modified":"2025-10-16T17:12:23","modified_gmt":"2025-10-16T09:12:23","slug":"company-report-metaoptics-ltd-metao-sp-9mt-si","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/company-report-metaoptics-ltd-metao-sp-9mt-si\/","title":{"rendered":"Company Report: MetaOptics Ltd. (METAO SP \/ 9MT.SI)"},"content":{"rendered":"\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">Company Update: <em>15 October 202<\/em>5<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>Snapshot of MetaOptics<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>MetaOptics Ltd is a metalens technology business and is involved in the design and manufacture of meta optics components and products, including metalens, metalens camera modules, metalens manufacturing equipment, and metalens Internet-of-Things Products, such as infrared metalens cameras, pico projectors and Internet-of-Things metalens colour cameras.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading has-white-color has-text-color has-background\" style=\"background-color:#012169\">Company Background<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Founded in 2021, MetaOptics designs and manufactures metalens technologies using semiconductor processes such as deep ultraviolet lithography and direct laser writing (DLW). Its products include metalenses, metalens camera modules, manufacturing equipment, and IoT devices (e.g., infrared cameras, pico projectors). These are targeted for applications in smartphones, AR\/VR devices, LiDAR, autonomous vehicles, and industrial displays. The company ranks third globally among metalens companies with mass production potential by revenue as of 2024 and fifth globally in 2024 in terms of revenue, among all metalens companies.<\/p>\n\n\n\n<div class=\"wp-block-spacer\" style=\"height: 20px;\" aria-hidden=\"true\">\u00a0<\/div>\n\n\n\n<h2 class=\"wp-block-heading has-white-color has-text-color has-background\" style=\"background-color:#012169\">Financial Highlights and Analysis<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In 2024, MetaOptics recorded revenue of S$79,440 but posted a net loss of S$2.3 million. For the first quarter of 2025, the company reported a net loss of S$706,391. The IPO proceeds of S$6.0 million have been earmarked mainly for research and development, strategic partnerships, and working capital, with 20-30% specifically allocated for overseas expansion. Following the IPO, MetaOptics had 235.96 million outstanding shares, representing a market capitalisation of S$47.2 million.<\/p>\n\n\n\n<div class=\"wp-block-spacer\" style=\"height: 20px;\" aria-hidden=\"true\">\u00a0<\/div>\n\n\n\n<h2 class=\"wp-block-heading has-white-color has-text-color has-background\" style=\"background-color:#012169\">Outlook<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">MetaOptics management expects materially higher revenue in FY2025 compared to FY2024 driven by DLW deployments, product pipeline, and OEM engagements. Its innovation in rectangular metalenses and CPO positions it for growth across AI infrastructure, AR\/VR, and mobile applications.<\/p>\n\n\n\n<div class=\"wp-block-spacer\" style=\"height: 20px;\" aria-hidden=\"true\">\u00a0<\/div>\n\n\n\n<h2 class=\"wp-block-heading has-white-color has-text-color has-background\" style=\"background-color:#012169\">Key <strong><strong><strong><strong><strong>Risks<\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Continued net losses, execution challenges in scaling production, reliance on strategic partnerships and competition from global optics manufacturers.<\/p>\n\n\n\n<div class=\"wp-block-spacer\" style=\"height: 25px;\" aria-hidden=\"true\">\u00a0<\/div>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-luminous-vivid-orange-background-color has-background wp-element-button\" href=\"https:\/\/www.kgieworld.sg\/securities\/resources\/ck\/files\/docs\/research\/METAOPTICS%20(METAO%20SP)_NON%20RATED_KGI%20Singapore_FINAL.pdf\">Read Full Report<\/a><\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/t.me\/kgisg\"><img fetchpriority=\"high\" decoding=\"async\" width=\"760\" height=\"208\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2021\/04\/subscribegif.gif\" alt=\"Subscribe Now\" class=\"wp-image-3937\"\/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n","protected":false},"excerpt":{"rendered":"<p>MetaOptics Ltd is a metalens technology business and is involved in the design and manufacture of meta optics components and products, including metalens, metalens camera modules, metalens manufacturing equipment, and metalens Internet-of-Things Products, such as infrared metalens cameras, pico projectors and Internet-of-Things metalens colour cameras.<\/p>\n","protected":false},"author":10,"featured_media":79330,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-79329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-reports"],"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/fbbe78acd25ecb9e8b74d3e17dd07b24.jpg?wsr",392,250,false],"thumbnail":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/fbbe78acd25ecb9e8b74d3e17dd07b24-150x150.jpg?wsr",150,150,true],"medium":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/fbbe78acd25ecb9e8b74d3e17dd07b24-300x191.jpg?wsr",300,191,true],"medium_large":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/fbbe78acd25ecb9e8b74d3e17dd07b24.jpg?wsr",392,250,false],"large":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/fbbe78acd25ecb9e8b74d3e17dd07b24.jpg?wsr",392,250,false],"1536x1536":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/fbbe78acd25ecb9e8b74d3e17dd07b24.jpg?wsr",392,250,false],"2048x2048":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/fbbe78acd25ecb9e8b74d3e17dd07b24.jpg?wsr",392,250,false]},"uagb_author_info":{"display_name":"Keith Tan","author_link":"https:\/\/www.kgieworld.sg\/research\/author\/keithtan\/"},"uagb_comment_info":0,"uagb_excerpt":"MetaOptics Ltd is a metalens technology business and is involved in the design and manufacture of meta optics components and products, including metalens, metalens camera modules, metalens manufacturing equipment, and metalens Internet-of-Things Products, such as infrared metalens cameras, pico projectors and Internet-of-Things metalens colour cameras.","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/79329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=79329"}],"version-history":[{"count":4,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/79329\/revisions"}],"predecessor-version":[{"id":79534,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/79329\/revisions\/79534"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media\/79330"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=79329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=79329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=79329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}