California Nanotechnologies (TSE:CNO) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
California Nanotechnologies reported a remarkable 122% year-over-year increase in quarterly revenue, reaching a record US$1.52 million, driven by manufacturing growth and improved gross margins. Despite the impressive sales, the company faced a net loss due to a non-cash charge linked to share purchase warrants. The company is optimistic about future performance with new investments in its Santa Ana facility and ongoing debt reduction.
For further insights into TSE:CNO stock, check out TipRanks’ Stock Analysis page.