California Nanotechnologies Announces FY2026 Results

About this update from California Nanotechnologies Corp.

California Nanotechnologies Announces FY2026 ResultsAnnual revenue of US$2,789K and a return to positive Adjusted EBITDAManufacturing revenues, excluding green steel client, increased 85% year-over-yearWell positioned to capitalize on high-growth Small Modular Reactor (SMR) nuclear energy industry Los Angeles, California--(Newsfile Corp. - June 29, 2026) - California Nanotechnologies Corp. (TSXV: CNO) (OTCID: CANOF) ("Cal Nano" or the "Company") is pleased to announce revenues of US$2,788,642 for the fiscal year ending February 28, 2026. While this represents a decrease of 55% compared to the prior year, the Company has significantly reduced its overall customer concentration.Manufacturing service revenues, excluding the green steel client, increased 85% and showcased the Company's broadening and increasing customer base now spanning several industries. Adjusted EBITDA1 decreased to negative US$651,614 for the fiscal year ending February 28, 2026, compared to positive US$2,389,890 in the prior year. Adjusted EBITDA in Q4/FY2026 was US$50,329, reflecting the first positive EBITDA quarter of the 2026 fiscal year and a return to higher revenue levels.Net loss for the fiscal year was US$1,857,327, compared to net income of US$158,333 in the prior fiscal year. The lower net income was mainly due to lower revenue generation and consequently lower gross profit, offset in part by unrealized warrant losses2 in the prior fiscal year.Diluted loss per share for the fiscal year was ($0.04) compared to diluted earnings per share of $0.00 for the same period last year. The financial statements are available on SEDAR+ at www.sedarplus.ca and on the Company's website."In FY2026 we addressed our customer concentration and positioned ourselves favorably for the high-growth nuclear energy industry," stated CEO Eric Eyerman. "We made significant progress as no one customer represented more than 10% of our revenues and our manufacturing service revenues, excluding our green steel client, nearly doubled. This puts us on a solid foundation for growth in fiscal 2027 as we scale up our manufacturing activity for next generation, consumable parts used in small modular reactors (SMRs)."Financial Highlights Amounts in USDThree monthsendedFebruary 28, 2026Three months endedFebruary 28, 2025Period-over-period changeTwelve monthsendedFebruary 28, 2026Twelve months endedFebruar...

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