Business
NanoXplore Reports Results for its Q3-2025
MONTREAL, May 13, 2025 (GLOBE NEWSWIRE) -- NanoXplore Inc. (“NanoXplore” or “...
About this update from Nanoxplore, Inc.
[{"type":"text","content":"NanoXplore Reports Results for its Q3-2025\n\n\n\n MONTREAL, May 13, 2025 (GLOBE NEWSWIRE) -- NanoXplore Inc. (“NanoXplore” or “the Corporation”) (TSX: GRA and OTCQX: NNXPF), a world-leading graphene company, reported today financial results for the three-month and nine-month periods ended March 31, 2025.\n \n\n All amounts in this press release are in Canadian dollars, unless otherwise stated.\n \n\n\n\n Key Financial Highlights Q3-2025\n \n\n\n\n\n Total revenues of $30,446,165 compared to $33,867,747 last year, representing a 10% decrease;\n \n\n Adjusted gross margin\n \n (\n \n\n 1\n \n\n )\n \n on revenues from customers of 22.4% compared to 20.9% last year;\n \n\n Loss of $1,747,714 compared to $3,089,430 last year;\n \n\n Adjusted EBITDA\n \n (\n \n\n 2\n \n\n )\n \n of $1,420,555 compared to $571,968 last year;\n \n\n Adjusted EBITDA\n \n (\n \n\n 2)\n \n of $1,318,149 compared to $1,259,990 last year for the Advanced Materials, Plastics and Composite Products segment;\n \n\n Adjusted EBITDA\n \n (\n \n\n 2)\n \n of $102,406 compared to an adjusted EBITDA loss of $688,022 last year for the Battery Cells and Materials segment;\n \n\n Total liquidity of $30,704,859 as at March 31, 2025, including cash and cash equivalents of $20,704,859;\n \n\n Total long-term debt of $4,940,740 as at March 31, 2025, down by $1,405,763 compared to June 30, 2024.\n \n\n\n\n\n Overview\n \n\n\n\n\n Pedro Azevedo, Chief Financial Officer, stated:\n \n “Despite slower sales than anticipated in Q3, I’m pleased with the improvements in our adjusted EBITDA and in the underlying business development. We’ve been working closely with new customers on graphene powder sales and expect commercialization very soon. In addition, startup of new programs that were delayed by our customers will soon start production as well as new awards at our new Statesville, North Carolina facility. While Q4 activity remains low for our biggest customers, we see stronger activity in the beginning of the new fiscal year.”\n \n\n\n Soroush Nazarpour, President & Chief Executive Officer, stated:\n \n “Our third quarter results demonstrate our ability to adapt to a rapidly evolving macroeconomic environment. While sales volumes were lower than anticipated, we are actively working on impro...