NanoXplore Reports Revenue Growth and Plans for Future Expansion
News related to:NanoXplore Inc · 3 min read
MONTREAL, Sept. 15, 2026 /CourierPR/ -- NanoXplore Inc, a leading graphene company, reported its financial results for the year ended June 30, 2026. The company saw a 7% increase in total revenues to $33.9 million from $31.7 million in the previous year. However, the adjusted gross margin decreased to 22.5% from 24.7% the year before. Despite the margin decline, the company managed to reduce its loss to $1.57 million from $2.29 million in the same period.
In the Advanced Materials, Plastics and Composite Products segment, NanoXplore reported an adjusted EBITDA of $2.05 million, a decrease from $2.7 million in the previous year. The Battery Cells and Materials segment, on the other hand, showed a loss of $141,342, compared to $222,276 in the previous year.
The company's total liquidity stood at $30.05 million as of June 30, 2026, with cash and cash equivalents amounting to $25.05 million. This liquidity position, combined with a $10.55 million in long-term debt, indicates a strong financial foundation.
For the full fiscal year 2026, NanoXplore reported a 9% decrease in total revenues to $117.28 million from $128.92 million in the previous year. The adjusted gross margin for the year was 21.3%, down from 22.3% the year before. The company's loss for the year was $11.83 million, compared to a loss of $9.66 million in the previous year. Adjusted EBITDA for the year was $1.92 million, a significant drop from $6.12 million in the previous year.
The company's Battery Cells and Materials segment showed a loss of $226,908, a decrease from $725,543 in the previous year. The Advanced Materials, Plastics and Composite Products segment, however, reported an adjusted EBITDA of $2.15 million, a slight decline from $6.85 million in the previous year.
Looking ahead, NanoXplore is optimistic about its future. The company anticipates total revenues for fiscal year 2027 to be between $130 million and $140 million, with a potential increase to $160 million to $170 million in fiscal year 2028. Rocco Marinaccio, the President and CEO of NanoXplore, stated, "After a challenging start to the year, I am pleased overall with our fiscal year 2026 performance. During the year, we had to mitigate significant volume drop by adjusting our operating cost structure while also launching new programs, managing material price increases and setting up a new plant."
The company has made significant strides in developing new products and partnerships. In the drilling fluids sector, NanoXplore signed a multi-year supply agreement with Chevron Phillips Chemical Company (CP Chem) for the sale of TriboGraf, a proprietary carbon product used as a formulation additive. This product, marketed by CP Chem as NanoSlide, has demonstrated exceptional results, significantly reducing costs for operators by saving approximately 20% in drilling time and wear on equipment. However, the timing of additional product shipments has shifted due to a loss of a major customer.
In the insulating foams sector, NanoXplore is working with a Fortune 500 producer to enhance thermal insulation performance through the incorporation of graphene. The company has signed a Letter of Intent with a leading global material supplier to produce shelf-stable graphene dispersions in polyol, which are used in the manufacture of polyurethane foams. This partnership aims to address the European foam market's transition toward more sustainable and non-halogenated alternatives.
Additionally, NanoXplore has made significant progress in industrial and consumer plastic films. The company has partnered with Techmer PM LLC to develop a technical innovation that has demonstrated more than 70% improvement in mechanical strength. This innovation could enable film producers to reduce film thickness by up to 20% while maintaining tensile, tear, and puncture performance. The partnership with Techmer provides immediate access to a wide range of potential applications within the industry.
Overall, NanoXplore is positioned for growth in the coming years, with a strong balance sheet and a robust pipeline of graphene-enhanced solutions. The company's focus on tailoring graphene characteristics to specific end-use requirements and expanding into high-margin markets is expected to drive revenue growth and positive free cash flow in fiscal year 2027.