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Nanalysis Announces $2.5 Million Private Placement
Prnewswire· 2025-12-08 13:00
Core Points - Nanalysis Scientific Corp. plans to complete a non-brokered private placement of up to 16,666,667 units at a price of $0.15 per unit, aiming for gross proceeds of up to $2,500,000, which will be used for debt reduction [1][4] Group 1: Offering Details - Each unit will consist of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one share at an exercise price of $0.20, valid for two years from the closing date [2] - The warrants include an acceleration provision, allowing the company to accelerate the expiry date if the closing price of shares exceeds $0.30 for 10 consecutive trading days [3] - The offering is subject to acceptance by the TSX Venture Exchange and may close in multiple tranches, with the initial closing expected around December 15, 2025 [4] Group 2: Company Overview - Nanalysis Scientific Corp. develops and manufactures portable Nuclear Magnetic Resonance (NMR) spectrometers used in various industries including pharma, biotech, energy, food, materials, and security [6] - The company operates a services division that maintains its products and third-party imaging equipment, supported by a $160 million long-term contract with the Canadian Air Transport Security Authority to maintain security scanners at over 80 Canadian airports [6]
Nanalysis Announces Third Quarter 2025 Results
Prnewswire· 2025-11-24 21:52
Core Insights - Nanalysis Scientific Corp reported third quarter results for the period ending September 30, 2025, highlighting challenges in the capital equipment market due to global tariff and trade uncertainties, which have delayed customer purchasing decisions [1][2] - The company is focusing on improving operational efficiency and building a vertically integrated scientific instrumentation company, particularly in its Benchtop NMR products and security services [2][14] Financial Performance - For Q3 2025, total revenue was $9,285, a decrease of 12% from Q3 2024, primarily due to a 36% decline in product sales, which fell to $2,719 from $4,242 [2][11] - Security services revenue increased by 10% year-over-year to $5,943, driven by increased project work related to airport security maintenance [2][18] - Gross margin percentage for product sales decreased to 44% from 52% in Q3 2024, impacted by supply chain challenges [3][4] - Adjusted EBITDA for Q3 2025 was a loss of $2, compared to a profit of $545 in Q3 2024, primarily due to reduced scientific equipment sales [6][19] Year-to-Date Performance - For the nine months ended September 30, 2025, total revenue was $29,455, down 11% from the same period in 2024, with product sales decreasing by 33% to $9,308 [7][10] - Security services revenue for the nine-month period increased by 8% to $16,583 [7][10] - Gross margin percentage for product sales improved to 58% from 50% year-over-year, while service revenue margins decreased slightly to 10% from 11% [8][9] Operational Highlights - The company is undergoing a restructuring of its direct sales and distributor management organizations to enhance accountability and leadership [13][14] - Recent management changes and efficiency initiatives in the Security Services segment have led to improved margins, which are expected to continue [5][14] - The company has resolved earlier magnet supply constraints by diversifying supplier alternatives, which supports growth in its benchtop NMR product lines [15] Strategic Developments - Nanalysis has secured a five-year, non-exclusive OEM supplier and technology-licensing agreement with IMRIS to support intra-operative MRI systems [15] - The company is committed to continuous improvement initiatives, including cost reductions and operational efficiencies, to enhance financial performance [15][26]
Nanalysis Announces Change of Management
Prnewswire· 2025-11-14 13:00
Core Points - Nanalysis Scientific Corp. announces the resignation of Chief Financial Officer Randall McRae effective December 5, 2025, with Heather Kury appointed as Interim CFO during the search for a permanent successor [1][3] - Heather Kury brings over twenty years of experience in corporate strategy and operational excellence, having held senior roles in the oil and gas and information technology sectors [2] - Nanalysis develops and manufactures portable Nuclear Magnetic Resonance (NMR) spectrometers used in various industries, and operates a services division with a $160 million long-term contract with the Canadian Air Transport Security Authority [4]
Nanalysis announces support from Wiley for NMR Instruments in KnowItAll 2026
Prnewswire· 2025-10-07 21:00
Core Insights - Nanalysis Scientific Corp. announced new file support for its 1D NMR files in Wiley's KnowItAll 2026 software, enhancing the integration of low-field NMR data analysis into analytical workflows [1][2][3] Group 1: Company Developments - The integration allows KnowItAll users to access over 1.28 million NMR spectra for database searching, facilitating streamlined compound identification [2][3] - Nanalysis aims to democratize NMR by simplifying spectral interpretation and incorporating it into routine laboratory analysis workflows across various industries, including pharmaceuticals and biotechnology [4] - Nanalysis develops portable NMR spectrometers used in multiple sectors, including pharma, biotech, and security, and has a $160 million long-term contract with the Canadian Air Transport Security Authority [7] Group 2: Industry Impact - Wiley's KnowItAll software provides a unified, manufacturer-neutral solution for identifying, analyzing, and managing analytical data across multiple techniques, enhancing laboratory workflows [5] - The partnership between Nanalysis and Wiley reflects a commitment to support diverse analytical laboratory workflows and instrument manufacturers [3][4]
Nanalysis Announces First Regulated Assay for Pharmaceutical Quality Control via Benchtop NMR Accepted by the United States Pharmacopeia (USP) and European Pharmacopeia (Ph. Euro)
Prnewswire· 2025-07-09 12:30
Core Insights - Nanalysis Scientific Corp. has published the first regulatory certified assay for benchtop NMR in the National Formulary, specifically for Molar Substitution Determination in Hydroxypropyl Betadex USP-NF/Ph. Euro [1] - The company aims to expand the use of benchtop NMR in industrial quality control across various sectors, including pharmaceuticals and food, by developing gold standard methods accepted by regulatory authorities [2][3] - Nanalysis is committed to submitting a comprehensive library of formal methods to the USP, enhancing the credibility of benchtop NMR as a viable option for quality control [3] Company Overview - Nanalysis operates primarily in two segments: Scientific Equipment and Security Services, focusing on portable NMR instruments for industrial and research applications [4][5] - The NMReady-60™ is highlighted as the first full-feature portable NMR spectrometer that does not require liquid helium, showcasing the company's innovation in compact NMR technology [4] - The company has expanded its Security Services business through a five-year, $160 million contract for maintenance services of passenger screening equipment in Canadian airports [6] Market and Applications - Nanalysis's devices are utilized across multiple industries, including oil and gas, pharmaceuticals, and law enforcement, indicating a broad market presence [5] - The hydroxypropyl betadex market is identified as a billion-dollar opportunity, with plans for additional excipient method submissions to enhance product quality in pharmaceuticals [2]