NanoXplore Reports Results for its Q3-2025

Core Viewpoint - NanoXplore Inc. reported a decrease in sales for Q3-2025 but showed improvements in adjusted EBITDA and operational efficiency, indicating resilience in a challenging macroeconomic environment [3][7]. Financial Highlights - Total revenues for Q3-2025 were $30,446,165, a 10% decrease from $33,867,747 in Q3-2024 [7]. - Adjusted gross margin increased to 22.4% from 20.9% year-over-year [7]. - The company reported a loss of $1,747,714 compared to a loss of $3,089,430 in the previous year [7]. - Adjusted EBITDA rose to $1,420,555 from $571,968 in Q3-2024 [7]. Segment Performance - Advanced Materials, Plastics and Composite Products segment generated revenues of $29,920,598, down 12% from $33,866,162 in Q3-2024, but adjusted EBITDA increased by 5% to $1,318,149 [11]. - Battery Cells and Materials segment saw revenues of $525,567, a significant increase of 33,059% from $1,585 in Q3-2024, with adjusted EBITDA improving from a loss of $688,022 to a profit of $102,406 [11]. Year-to-Date Performance - Year-to-date revenues from customers increased to $95,204,015, up 5% from $90,883,248 in the previous year [17]. - Other income for the year-to-date period rose significantly to $2,028,450 from $983,554, attributed to grants for R&D programs [17]. Operational Insights - The company is focusing on operational efficiency and has made progress in key growth areas such as oil and gas drilling fluids and insulation foam [3]. - The U.S. expansion is on track, which is timely given the changing tariff landscape [3]. Liquidity and Debt - Total liquidity as of March 31, 2025, was $30,704,859, including cash and cash equivalents of $20,704,859 [7]. - Total long-term debt decreased to $4,940,740, down by $1,405,763 compared to June 30, 2024 [7]. Future Outlook - The company anticipates stronger activity in the new fiscal year despite low activity in Q4 for its largest customers [3]. - NanoXplore is optimistic about the commercialization of graphene powder sales and the startup of new programs that were previously delayed [3].