NanoXplore starts commercial graphene supply for insulating foam as quarterly revenue rises 36%
NanoXplore has reported results for the first quarter of its fiscal 2027, the three months ended September 30, 2026, with total revenues of C$31.8 million (about US$22.4 million), up 36% from C$23.4 million (about US$16.5 million) a year earlier. The company also began commercial supply of graphene masterbatch to its lead insulating foam customer in October, which CEO Rocco Marinaccio called a major milestone for the graphene industry.
Profitability improved alongside the revenue growth. Adjusted gross margin on revenues from customers reached 21.7%, up from 17.3% a year earlier, and the company posted positive adjusted EBITDA of C$714,160 (about US$503,000), against an adjusted EBITDA loss of C$1.39 million (about US$979,000) in the same quarter last year. Net loss narrowed slightly to C$3.54 million (about US$2.49 million) from C$3.78 million (about US$2.66 million). NanoXplore ended the quarter with total liquidity of C$28.5 million (about US$20.1 million), including C$23.5 million (about US$16.6 million) in cash and cash equivalents. Long-term debt stood at C$9.8 million (about US$6.9 million), down C$734,217 (about US$517,000) from the end of June.
Source: https://www.graphene-info.com/nanoxplore-starts-commercial-graphene-supply-insulating-foam-quarterly-revenue
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