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NanoXplore Inc ( (TSE:GRA) ) has issued an announcement.
NanoXplore reported Q2-2026 revenues of $27.6 million, down 17% from a year earlier, while maintaining an adjusted gross margin of 21.5% and posting a net loss of $3.8 million. Despite lower year-over-year sales and adjusted EBITDA falling to $0.2 million, management highlighted sequential improvements in revenue, margins and earnings, a return to positive adjusted EBITDA, stabilization of volumes at its two largest customers, growing contributions from new programs with CP Chem and Club Car, and a strategic decision to abandon a planned $100 million active anode material project, reflecting a more disciplined capital allocation approach and a focus on strengthening core graphene operations.
The company ended the quarter with total liquidity of $40.1 million, including $30.1 million in cash, against $13.9 million in long-term debt, which has increased since June 2025. Segment results showed modest positive adjusted EBITDA in the Battery Cells and Materials division versus a loss a year earlier, while the Advanced Materials, Plastics and Composite Products segment remained profitable on an adjusted basis but at significantly reduced levels, underscoring both the gradual operational progress and the lingering profitability pressures facing the business.
The most recent analyst rating on (TSE:GRA) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on NanoXplore Inc stock, see the TSE:GRA Stock Forecast page.
Spark’s Take on TSE:GRA Stock
According to Spark, TipRanks’ AI Analyst, TSE:GRA is a Neutral.
The score is held back primarily by continued losses and negative free cash flow despite improved gross margins and positive operating cash flow. Earnings-call guidance and new customer agreements support a potential second-half rebound, while technicals are neutral-to-slightly constructive; valuation remains challenged due to negative earnings.
To see Spark’s full report on TSE:GRA stock, click here.
More about NanoXplore Inc
NanoXplore Inc. is a Montreal-based, world-leading graphene company specializing in advanced materials, plastics and composite products, as well as battery cells and materials. The company targets industrial customers, including major manufacturers such as CP Chem and Club Car, with a focus on integrating graphene and related technologies into commercial applications.
Average Trading Volume: 177,791
Technical Sentiment Signal: Sell
Current Market Cap: C$430M
For an in-depth examination of GRA stock, go to TipRanks’ Overview page.