New Risk • May 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$30m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-CA$30m free cash flow). Minor Risk Significant insider selling over the past 3 months (CA$6.3m sold). Reported Earnings • May 17
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: CA$0.015 loss per share (further deteriorated from CA$0.01 loss in 3Q 2025). Revenue: CA$32.3m (up 6.2% from 3Q 2025). Net loss: CA$2.65m (loss widened 52% from 3Q 2025). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Breakeven Date Change • May 15 The 6 analysts covering NanoXplore previously expected the company to break even in 2028. New consensus forecast suggests losses will reduce by 24% per year to 2027. The company is expected to make a profit of CA$14.1m in 2028. Average annual earnings growth of 70% is required to achieve expected profit on schedule.
Announcement • May 06
NanoXplore Inc. Launches xGnP D500-HP High-Purity Graphene Powder for Conductive Applications NanoXplore Inc. announced the launch of xGnP D500-HP, a high-purity graphene powder engineered for highly conductive applications, including but not limited to energy storage, conductive composites, and advanced electronics. The D500-HP is the latest demonstration of the Company's ability to develop graphene materials to meet the needs of specific end-uses. D500-HP is produced via NanoXplore's proprietary dry-process manufacturing platform, with verified purity of 99.8% at full commercial volumes. With a surface area of 500 m²/g, at the high end of commercial-scale graphene powders, D500-HP delivers electrical conductivity and static-dissipation (ESD) performance comparable to leading conductive carbon blacks, while providing more than twice the flexural (bending) strength and stiffness. The result: customers no longer need to trade strength for conductivity. D500-HP will be priced competitively with conductive carbon blacks, giving customers graphene-level performance without a graphene-level premium. Initial customers have validated the performance data of the D500-HP, and broader qualification programs with target customers are underway. The Company expects initial commercial shipments to commence in Fiscal Year 2027. Announcement • Apr 27
NanoXplore Inc. to Report Q3, 2026 Results on May 13, 2026 NanoXplore Inc. announced that they will report Q3, 2026 results After-Market on May 13, 2026 Recent Insider Transactions • Mar 26
Chief Financial Officer recently bought CA$111k worth of stock On the 25th of March, Pedro Azevedo bought around 58k shares on-market at roughly CA$1.91 per share. This transaction increased Pedro's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Pedro's only on-market trade for the last 12 months. Announcement • Feb 28
Nanoxplore Inc. Announces Resignation of Soroush Nazarpour from Board of Directors NanoXplore Inc. announced the mutually agreed resignation of Soroush Nazarpour from its Board of Directors. Reported Earnings • Feb 12
Second quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2026 results: CA$0.022 loss per share (further deteriorated from CA$0.017 loss in 2Q 2025). Revenue: CA$27.6m (down 17% from 2Q 2025). Net loss: CA$3.84m (loss widened 33% from 2Q 2025). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 12
Price target decreased by 14% to CA$3.27 Down from CA$3.83, the current price target is an average from 7 analysts. New target price is 40% above last closing price of CA$2.33. Stock is down 2.9% over the past year. The company is forecast to post a net loss per share of CA$0.067 next year compared to a net loss per share of CA$0.057 last year. Announcement • Jan 26
NanoXplore Inc. to Report Q2, 2026 Results on Feb 10, 2026 NanoXplore Inc. announced that they will report Q2, 2026 results After-Market on Feb 10, 2026 Announcement • Dec 19
NanoXplore Inc. announced that it expects to receive €20 million in funding from MBDA Holdings SAS, Bpifrance Investissement SAS NanoXplore Inc. announced private placement of common shares for gross proceeds of €20,000,000 on December 17, 2025. The transaction includes participation from MBDA and the Defense Innovation Fund subscribed in particular by the French Defense Innovation Agency and managed by Bpifrance Announcement • Dec 09
NanoXplore Inc. Announces Promotion of Nima Moghimian to Chief Technology Officer NanoXplore Inc. announced the promotion of Mr. Nima Moghimian to Chief Technology Officer (‘CTO’).Nima brings both scientific depth and executive experience to his new role as Chief Technology Officer. His appointment reflects over a decade of proven leadership at the helm of NanoXplore’s technology strategy and his ongoing commitment to advancing sustainable materials and energy storage solutions. His leadership has shaped the company’s R&D roadmap, established its global IP portfolio, and guided the regulatory and certification strategies that enabled NanoXplore’s products to achieve broad industrial adoption. Since joining the company in 2015 as one of its first scientists, Nima has played a pivotal role in developing the company’s proprietary graphene and advanced materials platforms and guiding its evolution from an early-stage startup to a global leader in advanced materials. Appointed head of corporate R&D in 2017, he has since overseen all of NanoXplore’s technology-driven activities, including product development, intellectual property, regulatory affairs, and product certification across all business units and subsidiaries. Since March 2024, Nima has served as a Director on the Board of PRIMA Québec, contributing to the province’s advanced materials innovation strategy. Nima earned his Ph.D. in Mechanical Engineering from the University of Victoria, an M.Sc. in Nanoscience and Nanotechnology from the University of Barcelona, and a B.A.Sc. in Materials Science and Engineering from Sharif University of Technology. Recent Insider Transactions • Dec 04
Founder recently sold CA$6.4m worth of stock On the 28th of November, Soroush Nazarpour sold around 3m shares on-market at roughly CA$2.15 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Soroush's only on-market trade for the last 12 months. Breakeven Date Change • Nov 17
Forecast breakeven date pushed back to 2028 The 6 analysts covering NanoXplore previously expected the company to break even in 2027. New consensus forecast suggests the company will make a profit of CA$3.48m in 2028. Average annual earnings growth of 72% is required to achieve expected profit on schedule. Reported Earnings • Nov 14
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: CA$0.022 loss per share (further deteriorated from CA$0.016 loss in 1Q 2025). Revenue: CA$23.4m (down 30% from 1Q 2025). Net loss: CA$3.78m (loss widened 39% from 1Q 2025). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 41%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CA$130.9m to CA$127.0m. Losses expected to increase from CA$0.062 per share to CA$0.072. Chemicals industry in Canada expected to see average net income growth of 39% next year. Consensus price target of CA$3.91 unchanged from last update. Share price was steady at CA$2.37 over the past week. Announcement • Oct 30
NanoXplore Inc. announced that it has received CAD 25.72884 million in funding from Martinrea International Inc. On October 30, 2025. NanoXplore Inc. announced that it has closed the transaction. It has issued 10,720,350 common shares at a price of CAD 2.40 per Common Share for gross proceeds of CAD 25,728,840. Martinrea International Inc., an insider of the Corporation, subscribed 2,343,750 Common Shares in the Offering, for an amount of approximately CAD 5,625,000 Announcement • Oct 29
NanoXplore Inc. to Report Q1, 2026 Results on Nov 12, 2025 NanoXplore Inc. announced that they will report Q1, 2026 results After-Market on Nov 12, 2025 Price Target Changed • Oct 24
Price target increased by 9.9% to CA$4.13 Up from CA$3.76, the current price target is an average from 5 analysts. New target price is 75% above last closing price of CA$2.36. Stock is down 9.9% over the past year. The company is forecast to post a net loss per share of CA$0.062 next year compared to a net loss per share of CA$0.057 last year. Announcement • Oct 24
NanoXplore Inc. announced that it expects to receive CAD 25.00008 million in funding NanoXplore Inc. announces a bought deal private placement with Ventum Financial Corp. as lead underwriter and sole bookrunner to issue 10,416,700 common shares at a price of CAD 2.40 per share for gross proceeds of CAD 25,000,080 on October 24, 2025. Closing of the Offering is expected to take place on or about October 30, 2025, subject to certain conditions including, but not limited to, receipt of all necessary approvals, such as the approval of the Toronto Stock Exchange. Announcement • Oct 07
NanoXplore Inc. Receives Up to $2.75 Million Contribution from the Government of Canada NanoXplore Inc. announced that it has received a contribution of up to $2.75 million from the Government of Canada under the Energy Innovation Program (EIP). This support will help advance the development of ultra high-power cylindrical format lithium-ion cells for defense and power tools, strengthening Canada’s leadership in clean technology and battery innovation. The announcement was made last Friday by the Honourable Tim Hodgson, Minister of Energy and Natural Resources, as part of a broader investment supporting eight projects across the country. These projects are designed to accelerate battery innovation and expand domestic production capacity, positioning Canada as a global player in the clean energy transition. The EIP provides funding to accelerate the development of clean energy technologies that will drive down emissions, improve competitiveness, and create sustainable economic opportunities for Canadians. Announcement • Sep 29
NanoXplore Inc., Annual General Meeting, Dec 04, 2025 NanoXplore Inc., Annual General Meeting, Dec 04, 2025. Major Estimate Revision • Sep 23
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CA$150.5m to CA$133.3m. Forecast losses increased from -CA$0.044 to -CA$0.064 per share. Chemicals industry in Canada expected to see average net income growth of 24% next year. Consensus price target up from CA$3.76 to CA$3.91. Share price fell 5.8% to CA$2.92 over the past week. Reported Earnings • Sep 17
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: CA$0.057 loss per share (improved from CA$0.069 loss in FY 2024). Revenue: CA$128.9m (flat on FY 2024). Net loss: CA$9.66m (loss narrowed 17% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Sep 17
NanoXplore Inc. Announces CEO Changes NanoXplore Inc. announced that Soroush Nazarpour, President, Chief Executive Officer and Director, will be stepping down from NanoXplore as CEO at the Corporation’s annual general meeting (‘AGM’) in December 2025. Mr. Nazarpour will stand for re-election at the AGM to remain on the Board of directors as Vice Chairman and Founder. Mr. Nazarpour will also continue to support the Board and the Corporation as special advisor to ensure continuity of leadership and technical expertise.Mr. Nazarpour founded NanoXplore, and under his leadership, the Corporation has grown from its early beginnings into an industry leader in its field. His vision and dedication have been central to building the foundation and driving its success to date. The Corporation’s current COO, Rocco Marinaccio, who has been with the Corporation for almost 7 years, will succeed Mr. Nazarpour as CEO at the AGM. Mr. Marinaccio brings more than 26 years of leadership experience in Manufacturing and Sales. As Chief Operating Officer at NanoXplore, he oversees all aspects of operations, including production, sales, engineering, purchasing, logistics, and continuous improvement initiatives, supporting the company’s growth in the advanced materials sector. Since joining NanoXplore, he has played a key role in scaling the company’s operations and commercial efforts to support the growing demand for graphene-enhanced products, driving efficiencies across multiple sites, and supporting strategic partnerships and customer programs. Announcement • Aug 27
NanoXplore Inc. to Report Q4, 2025 Results on Sep 16, 2025 NanoXplore Inc. announced that they will report Q4, 2025 results After-Market on Sep 16, 2025 New Risk • Jul 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$7.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Price Target Changed • May 21
Price target decreased by 8.3% to CA$3.94 Down from CA$4.30, the current price target is an average from 8 analysts. New target price is 71% above last closing price of CA$2.31. Stock is down 4.1% over the past year. The company is forecast to post a net loss per share of CA$0.054 next year compared to a net loss per share of CA$0.069 last year. Reported Earnings • May 15
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: CA$0.01 loss per share (improved from CA$0.018 loss in 3Q 2024). Revenue: CA$30.4m (down 10% from 3Q 2024). Net loss: CA$1.75m (loss narrowed 43% from 3Q 2024). Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 33%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Apr 30
NanoXplore Inc. to Report Q3, 2025 Results on May 13, 2025 NanoXplore Inc. announced that they will report Q3, 2025 results After-Market on May 13, 2025 Breakeven Date Change • Feb 18
Forecast breakeven date pushed back to 2027 The 8 analysts covering NanoXplore previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 63% per year to 2026. The company is expected to make a profit of CA$17.1m in 2027. Average annual earnings growth of 84% is required to achieve expected profit on schedule. Major Estimate Revision • Feb 18
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CA$149.0m to CA$142.6m. Losses expected to increase from CA$0.046 per share to CA$0.058. Chemicals industry in Canada expected to see average net income growth of 61% next year. Consensus price target down from CA$4.57 to CA$4.30. Share price fell 5.7% to CA$2.33 over the past week. Reported Earnings • Feb 13
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: CA$0.017 loss per share (further deteriorated from CA$0.014 loss in 2Q 2024). Revenue: CA$33.1m (up 14% from 2Q 2024). Net loss: CA$2.89m (loss widened 19% from 2Q 2024). Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Jan 29
NanoXplore Inc. to Report Q2, 2025 Results on Feb 11, 2025 NanoXplore Inc. announced that they will report Q2, 2025 results After-Market on Feb 11, 2025 Major Estimate Revision • Nov 13
Consensus EPS estimates upgraded to CA$0.046 loss, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CA$152.9m to CA$149.0m. 2025 losses expected to reduce from -CA$0.056 to -CA$0.046 per share. Chemicals industry in Canada expected to see average net income growth of 57% next year. Consensus price target broadly unchanged at CA$4.57. Share price fell 3.0% to CA$2.29 over the past week. Breakeven Date Change • Nov 10
Forecast breakeven date moved forward to 2026 The 8 analysts covering NanoXplore previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 26% to 2025. The company is expected to make a profit of CA$798.8k in 2026. Average annual earnings growth of 102% is required to achieve expected profit on schedule. Reported Earnings • Nov 08
First quarter 2025 earnings: EPS in line with expectations, revenues disappoint First quarter 2025 results: CA$0.016 loss per share (improved from CA$0.022 loss in 1Q 2024). Revenue: CA$33.7m (up 16% from 1Q 2024). Net loss: CA$2.72m (loss narrowed 27% from 1Q 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 07
Price target decreased by 7.5% to CA$4.51 Down from CA$4.88, the current price target is an average from 7 analysts. New target price is 87% above last closing price of CA$2.41. Stock is up 20% over the past year. The company is forecast to post a net loss per share of CA$0.056 next year compared to a net loss per share of CA$0.069 last year. Announcement • Oct 21
NanoXplore Inc. to Report Q1, 2025 Results on Nov 06, 2024 NanoXplore Inc. announced that they will report Q1, 2025 results After-Market on Nov 06, 2024 Major Estimate Revision • Sep 25
Consensus EPS estimates fall by 31% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -CA$0.043 to -CA$0.056 per share. Revenue forecast unchanged at CA$152.9m. Chemicals industry in Canada expected to see average net income growth of 57% next year. Consensus price target down from CA$4.88 to CA$4.60. Share price fell 4.3% to CA$2.22 over the past week. Announcement • Sep 24
NanoXplore Inc., Annual General Meeting, Dec 05, 2024 NanoXplore Inc., Annual General Meeting, Dec 05, 2024. Breakeven Date Change • Sep 22
Forecast breakeven date moved forward to 2026 The 8 analysts covering NanoXplore previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 9.9% to 2025. The company is expected to make a profit of CA$846.8k in 2026. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Reported Earnings • Sep 19
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: CA$0.069 loss per share (improved from CA$0.077 loss in FY 2023). Revenue: CA$130.0m (up 5.0% from FY 2023). Net loss: CA$11.7m (loss narrowed 8.9% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.7%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Sep 04
NanoXplore Inc. to Report Q4, 2024 Results on Sep 18, 2024 NanoXplore Inc. announced that they will report Q4, 2024 results After-Market on Sep 18, 2024 Announcement • Jul 06
NanoXplore Inc. Announces Appointment of Hélène V. Gagnon to Its Board of Directors NanoXplore Inc. announced the nomination of Ms. Hélène V. Gagnon to its Board of Directors. Hélène V. Gagnon is Chief Sustainability Officer and Senior Vice President, Stakeholder Engagement at CAE Inc. (“CAE”) and is a member of the Executive Management Committee. She leads CAE’s sustainability, health & safety and social impact strategy across CAE’s worldwide operations to make the world safer. She is accountable for CAE’s global communications with employees, media and other stakeholders as well as collaboration, government programs (R&D) and academic partnerships. She also oversees CAE’s diversity, equity and inclusion corporate strategy and indigenous relations. Prior to joining CAE in 2015, she worked in senior and executive roles in Public Affairs, Communications and Corporate Social Responsibility in the mining industry (Noranda/Falconbridge) and in manufacturing (Bombardier Transportation and Bombardier Aerospace). She began her career in 1995 with the law firm Fasken as a specialist in environmental law. Ms. Gagnon is an independent member of the Board of Directors of Hydro Quebec since 2015 and Chairs its Governance and Corporate Social Responsibility Committee. She was on the Board of the Montreal Airports for 9 years until 2023 and acted as Vice Chair. Ms. Gagnon holds two law degrees from McGill University Law School (B.C.L. and LL.B) and a Master’s degree in Public Administration and Public Policy from the London School of Economics (M.Sc). She is a member of the Québec Bar and Fellow (FCPRS) of the Canadian Public Relations Society. She has garnered more than 70 awards including top 50 of Best Executives in Canada from the Globe and Mail Report on Business in 2022. New Risk • Jul 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Price Target Changed • Jun 10
Price target increased by 24% to CA$4.91 Up from CA$3.96, the current price target is an average from 8 analysts. New target price is 72% above last closing price of CA$2.86. Stock is down 18% over the past year. The company is forecast to post a net loss per share of CA$0.065 next year compared to a net loss per share of CA$0.077 last year. Breakeven Date Change • Jun 07
No longer forecast to breakeven The 8 analysts covering NanoXplore no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CA$7.87m in 2026. New consensus forecast suggests the company will make a loss of CA$6.99m in 2026. Major Estimate Revision • May 21
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -CA$0.054 to -CA$0.065 per share. Revenue forecast unchanged at CA$129.2m. Chemicals industry in Canada expected to see average net income growth of 18% next year. Consensus price target of CA$4.11 unchanged from last update. Share price fell 2.4% to CA$2.40 over the past week. Reported Earnings • May 16
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: CA$0.018 loss per share (further deteriorated from CA$0.015 loss in 3Q 2023). Revenue: CA$33.9m (up 7.2% from 3Q 2023). Net loss: CA$3.09m (loss widened 26% from 3Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • May 03
NanoXplore Inc. to Report Q3, 2024 Results on May 14, 2024 NanoXplore Inc. announced that they will report Q3, 2024 results After-Market on May 14, 2024 Reported Earnings • Feb 14
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: CA$0.014 loss per share. Revenue: CA$29.1m (down 8.4% from 2Q 2023). Net loss: CA$2.43m (flat on 2Q 2023). Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 30%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Canada are expected to remain flat. Announcement • Feb 14
Nanoxplore Inc. Maintains Annual Revenue Guidance for Year Ending June 30, 2024 NanoXplore maintained its annual revenue guidance for year ending June 30, 2024. For the year the company maintained its annual revenue guidance of $130 million. Recent Insider Transactions Derivative • Feb 05
Chief Operating Officer exercised options and sold CA$411k worth of stock On the 29th of January, Rocco Marinaccio exercised 680k options at a strike price of around CA$1.41 and sold these shares for an average price of CA$2.01 per share. This trade did not impact their existing holding. Rocco currently holds less than 1% of total shares outstanding. Company insiders have collectively bought CA$523k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Feb 02
NanoXplore Inc. to Report Q2, 2024 Results on Feb 13, 2024 NanoXplore Inc. announced that they will report Q2, 2024 results After-Market on Feb 13, 2024 Announcement • Dec 20
NanoXplore Inc. Announces Successful Commissioning of Graphene-enhanced Silicon and Anode Active Material Pilot Lines NanoXplore Inc. announced the successful commissioning of two anode material pilot lines, achieving remarkable energy density and product validation. This marks a pivotal moment in NanoXplore's ongoing commitment to advancing sustainable energy storage solutions. NanoXplore's proprietary silicon graphene technology (SiG) produced in the pilot line, has achieved an outstanding energy density of 1150 Wh/L, and demonstrated compatibility with conventional graphite anodes, resulting in an energy density of over 800 Wh/L. NanoXplore remains dedicated to pushing the boundaries of energy storage capabilities using its advanced materials technology. The SiG™? family is supported by 11 patents which cover a range of different chemistries and extend to all cylindrical cell form factors. The commissioning of SiG™? pilot line was completed in September 2023, marking a timely achievement in line with strategic goals. The current commissioned capacity is 100 tons per year. The anode material has been successfully validated in 21700 cylindrical cells further emphasizing the adaptability and compatibility of the technology with established cell form-factors. By leveraging low-cost feedstock, the Corporation ensured cost competitiveness in the market and positioned itself as a leader in delivering high-performance energy storage solutions at an economical price point. Additionally, the company announced key highlights of SG-X™? pilot line commissioning, featuring three coated spherical purified graphite (CSPG) anode materials. The company have three validated and available CSPG products, covering a wide range of performances and applications. This diversity enables NanoXplore to address a broad spectrum of market needs with tailored solutions. The commissioning of the CSPG pilot line is now completed and can operate with a capacity of 200 tons per year. Announcement • Nov 23
NanoXplore Inc. Unveils Large-Scale Dry Process for Manufacturing of Graphene: Improvement for Cost Competitiveness and Scalability NanoXplore Inc. announced an interesting achievement in graphite exfoliation with the successful development of a novel dry graphene manufacturing process. The dry process centers on an advanced exfoliation technology with innovative media that enables high yield exfoliation without the introduction of impurities. The fusion of NanoXplore’s strong intellectual property portfolio and the strategic patents acquisition of XG Sciences has yielded in this significant advancement in graphene production. The amalgamation of eight different patents registered and/or granted in Australia, Canada, United States, Taiwan, China, and South Korea together with NanoXplore’s knowledge and experience deliver a graphene with a mix of performance and cost-effectiveness. The research and development related to this process started a decade ago with an investment of nearly $40 million to date by NanoXplore and XG Sciences. NanoXplore’s novel dry graphene manufacturing process has several benefits compared to the traditional liquid exfoliation methods. NanoXplore has secured key suppliers, ensuring a robust supply chain for the main equipment. Equipment procurement is streamlined with off-the-shelf solutions, with an estimated lead time of 8-12 months. The Corporation is planning to start purchasing the equipment during 2024 calendar year. NanoXplore’s novel dry graphene manufacturing process could bring the Corporation within cost parity with traditional carbon additives such as carbon black. The cost reduction results primarily from using low grade waste graphite (which is derived from graphite anode production process) as feedstock. Furthermore, it is highly scalable and operates on a continuous basis, streamlining production efficiency. Superior processability and long-term performance of dry-processed graphene offers investors a more attractive proposition and will expand the Corporation’s total addressable market and accelerates commercial adoption of graphene. With granted patents already secured, this proprietary technology boosts some key physical properties in polymers by 20% compared to existing products for applications with over 20-yr longevity requirements. The technology finds potential applications in batteries and lightweight composites, enhancing its appeal in cutting-edge industries. This new manufacturing process also opens doors to a myriad of applications, including plastic pipes, geosynthetics, recycled plastics, concrete, drilling fluids, and insulation foams, among others. The new dry manufacturing process marks a paradigm shift, substantially reducing the environmental footprint associated with traditional graphite exfoliation methods. This new process addresses environmental concerns associated with water usage, eliminating washing and drying steps that contribute to increased costs and environmental impact. Major Estimate Revision • Nov 14
Consensus EPS estimates fall by 38% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$139.8m to CA$130.8m. Losses expected to increase from CA$0.045 per share to CA$0.062. Chemicals industry in Canada expected to see average net income decline 5.5% next year. Consensus price target down from CA$6.46 to CA$5.82. Share price fell 6.1% to CA$2.14 over the past week. Reported Earnings • Nov 10
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: CA$0.022 loss per share (improved from CA$0.036 loss in 1Q 2023). Revenue: CA$28.9m (up 6.3% from 1Q 2023). Net loss: CA$3.73m (loss narrowed 37% from 1Q 2023). Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Canada are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Announcement • Oct 24
NanoXplore Inc. to Report Q1, 2024 Results on Nov 07, 2023 NanoXplore Inc. announced that they will report Q1, 2024 results After-Market on Nov 07, 2023 Announcement • Oct 05
NanoXplore Inc., Annual General Meeting, Dec 07, 2023 NanoXplore Inc., Annual General Meeting, Dec 07, 2023. Announcement • Sep 21
NanoXplore Inc. Announces the Nomination of Jesse C. H. Stanley to Its Board of Directors NanoXplore Inc. announced the nomination of Jesse C. H. Stanley to its Board of Directors. Jesse C. H. Stanley has worked for Shell Energy North America, LLC as Chief Operations Officer since 2021. Since arriving in Houston in 2019 she has held the positions of General Manager Commercial for Shales and the Vice President of Pipeline Operations for Shell Midstream Company. Ms. Stanley has over 15 years of experience at Shell International Petroleum Company ("Shell"). Ms. Stanley started her career with Shell in Europe, working in lubricants operations based in Shell's lubricants plants and refineries in the United Kingdom and France, a role in which she served for six years, streamlining processes for logistics and leading a series of initiatives to improve cost competitiveness. Then, based in Shanghai, China, Ms. Stanley was responsible for the global sales & marketing of the Auto & Truck Sector of Shell Lubricants where she led several sales and business development efforts in that role. Following a sabbatical year where she was a Sloan Fellow at Stanford Business School, Ms. Stanley was Corporate Strategy Advisor to Shell's Chief Strategy & Portfolio Officer, based in the Netherlands. Breakeven Date Change • Sep 13
Forecast breakeven date pushed back to 2026 The 7 analysts covering NanoXplore previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 32% per year to 2025. The company is expected to make a profit of CA$14.1m in 2026. Average annual earnings growth of 74% is required to achieve expected profit on schedule. Reported Earnings • Sep 12
Full year 2023 earnings released: CA$0.077 loss per share (vs CA$0.097 loss in FY 2022) Full year 2023 results: CA$0.077 loss per share (improved from CA$0.097 loss in FY 2022). Revenue: CA$123.9m (up 33% from FY 2022). Net loss: CA$12.8m (loss narrowed 18% from FY 2022). Revenue is forecast to grow 30% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Canada are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • Aug 29
NanoXplore Inc. to Report Q4, 2023 Results on Sep 11, 2023 NanoXplore Inc. announced that they will report Q4, 2023 results After-Market on Sep 11, 2023 Recent Insider Transactions • Jul 14
Independent Director recently bought CA$240k worth of stock On the 7th of July, Catherine Loubier bought around 72k shares on-market at roughly CA$3.32 per share. This transaction increased Catherine's direct individual holding by 36x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$376k more in shares than they have sold in the last 12 months. New Risk • Jul 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$10m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-CA$10m free cash flow). Minor Risk Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Price Target Changed • Jun 17
Price target decreased by 7.9% to CA$6.71 Down from CA$7.29, the current price target is an average from 6 analysts. New target price is 98% above last closing price of CA$3.39. Stock is up 4.3% over the past year. The company is forecast to post a net loss per share of CA$0.072 next year compared to a net loss per share of CA$0.097 last year. Reported Earnings • May 12
Third quarter 2023 earnings released: CA$0.015 loss per share (vs CA$0.028 loss in 3Q 2022) Third quarter 2023 results: CA$0.015 loss per share (improved from CA$0.028 loss in 3Q 2022). Revenue: CA$31.6m (up 11% from 3Q 2022). Net loss: CA$2.45m (loss narrowed 46% from 3Q 2022). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 3.8% decline forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Announcement • May 11
NanoXplore Inc. Raises Revenue Guidance for Fiscal Year Ending June 30, 2023 NanoXplore Inc. announced that the company is raising revenue guidance to a range of $120 million -125 million from $115 million -120 million previously, for fiscal year ending June 30, 2023, implying revenue growth of 27%-33%. Recent Insider Transactions Derivative • Apr 15
Independent Director exercised options to buy CA$304k worth of stock. On the 11th of April, Denis Labrecque exercised options to buy 100k shares at a strike price of around CA$2.98, costing a total of CA$298k. This transaction amounted to 102% of their direct individual holding at the time of the trade. Denis currently holds less than 1% of total shares outstanding. Company insiders have collectively bought CA$609k more than they sold, via options and on-market transactions, in the last 12 months. Price Target Changed • Apr 01
Price target increased by 12% to CA$7.25 Up from CA$6.46, the current price target is an average from 7 analysts. New target price is 122% above last closing price of CA$3.26. Stock is down 27% over the past year. The company is forecast to post a net loss per share of CA$0.08 next year compared to a net loss per share of CA$0.097 last year. Major Estimate Revision • Feb 21
Consensus estimates of losses per share improve by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from CA$114.8m to CA$118.8m. EPS estimate increased from -CA$0.10 per share to -CA$0.08 per share. Chemicals industry in Canada expected to see average net income growth of 15% next year. Consensus price target broadly unchanged at CA$6.46. Share price rose 5.5% to CA$3.25 over the past week. Breakeven Date Change • Feb 17
Forecast breakeven date pushed back to 2025 The 7 analysts covering NanoXplore previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 48% per year to 2024. The company is expected to make a profit of CA$15.7m in 2025. Average annual earnings growth of 72% is required to achieve expected profit on schedule. Reported Earnings • Feb 16
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: CA$0.015 loss per share (improved from CA$0.023 loss in 2Q 2022). Revenue: CA$31.7m (up 69% from 2Q 2022). Net loss: CA$2.42m (loss narrowed 32% from 2Q 2022). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 56%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 1.3% decline forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Feb 15
NanoXplore Inc. Revises Revenue Guidance for the Fiscal Year Ending June 30, 2023 NanoXplore Inc. revised revenue guidance for the fiscal year ending June 30, 2023. The company raising revenue guidance to a range of $115-120 million from $110 million previously, for fiscal year ending June 30, 2023. Announcement • Feb 01
NanoXplore Inc. to Report Q2, 2023 Results on Feb 14, 2023 NanoXplore Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Feb 14, 2023 Major Estimate Revision • Nov 21
Consensus EPS estimates fall by 133% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from CA$124.9m to CA$114.3m. Losses expected to increase from CA$0.04 per share to CA$0.09. Chemicals industry in Canada expected to see average net income growth of 14% next year. Consensus price target down from CA$8.22 to CA$7.36. Share price fell 25% to CA$2.64 over the past week. Announcement • Nov 16
NanoXplore Announces Appointment Catherine Loubier as New Board Member NanoXplore Inc. announced the nomination of Ms. Catherine Loubier to its Board of Directors. The nomination of Ms. Loubier followed an extensive search process by the Corporate Governance and Nominating Committee of the Board. The Board will continue to ensure its composition is well aligned to support senior management with the execution of its new five-year strategic growth plan and with the next phase of the Company’s growth. Ms. Loubier brings significant experience and expertise to complement the capabilities of the Board, and drive shareholder value. Ms. Catherine Loubier is a senior advisor to the corporate world. In her recent role as Quebec's Delegate General in New York, from February 2019 to August 2021, she was instrumental in finalizing the largest renewable hydropower contract ever with New York State. She previously served as Deputy Chief of Staff to the Premier of Quebec from October 2018 to February 2019. From 2015 to 2018, she advised business leaders in various industries, including the President and CEO of Alliance Renault Nissan Mitsubishi. She spent nearly ten years in the federal government, including as senior adviser to the 22nd Prime Minister of Canada from 2013 to 2015 and a member of the senior staff of federal ministers from 2006. She is a member of the Women's Forum New York and a board member of administration of the Canadian American Business Council and the Council for Canadian American Relations. Ms. Loubier holds a bachelor's and master's degree from the University of Quebec in Montreal, obtained in 1996, and a certificate from Harvard Business School, obtained in 2020. Breakeven Date Change • Nov 16
Forecast to breakeven in 2024 The 7 analysts covering NanoXplore expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CA$800.0k in 2024. Average annual earnings growth of 112% is required to achieve expected profit on schedule. Announcement • Nov 04
NanoXplore Inc. to Report Q1, 2023 Results on Nov 14, 2022 NanoXplore Inc. announced that they will report Q1, 2023 results After-Market on Nov 14, 2022 Announcement • Oct 19
NanoXplore Inc., Annual General Meeting, Dec 14, 2022 NanoXplore Inc., Annual General Meeting, Dec 14, 2022. Reported Earnings • Sep 15
Full year 2022 earnings released: CA$0.097 loss per share (vs CA$0.08 loss in FY 2021) Full year 2022 results: CA$0.097 loss per share (further deteriorated from CA$0.08 loss in FY 2021). Revenue: CA$94.3m (up 40% from FY 2021). Net loss: CA$15.5m (loss widened 32% from FY 2021). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 4.4% decline forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Announcement • Sep 02
NanoXplore Inc. to Report Q4, 2022 Results on Sep 14, 2022 NanoXplore Inc. announced that they will report Q4, 2022 results After-Market on Sep 14, 2022 Announcement • Aug 30
NanoXplore Inc. (TSX : GRA) entered into an agreement to acquire Assets of XG Sciences Inc. NanoXplore Inc. (TSX : GRA) entered into an agreement to acquire Assets of XG Sciences Inc on August 29, 2022. Price Target Changed • May 18
Price target decreased to CA$8.59 Down from CA$9.72, the current price target is an average from 6 analysts. New target price is 175% above last closing price of CA$3.12. Stock is down 5.5% over the past year. The company posted a net loss per share of CA$0.08 last year.