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Nanophase Technologies Corp (NANX)
:NANX
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 26, 2025
|% Change Since: -39.25%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in revenue and net profit, improved margins, and prestigious awards, indicating strong operational and strategic achievements. However, seasonal weakness, inventory challenges, and economic uncertainties pose potential risks. The company plans to continue growth and efficiency improvements, with an optimistic outlook for 2025.Company Guidance
During the Solesence Fourth Quarter 2024 Conference Call, CEO Jess Jankowski provided robust guidance for the upcoming fiscal year, highlighting several key metrics. The company reported a significant 57% year-over-year increase in fourth-quarter revenue, reaching $12.6 million, and a 40% increase in full-year revenue to $52.3 million. Gross margins improved markedly, with a rise to 22% in the fourth quarter from 6% the previous year and an increase to 31% for the full year from 21% in the prior year. While the fourth quarter traditionally represents the weakest seasonal period, Solesence narrowed its net loss to $600,000 from $2.1 million year-over-year and achieved a full-year net income of $4.2 million, a sharp improvement from a $4.4 million loss in 2023. The company anticipates continued growth in 2025, driven by strong demand from brand partners, with expectations of delivering record revenues in the first quarter and ongoing operational efficiencies. Looking forward, Solesence plans to uplist to the NASDAQ market, contingent on eligibility, and is actively seeking a dedicated CFO to bolster its leadership team.Record Revenue and Growth
Fourth quarter revenue reached $12.6 million, a 57% increase year-over-year. Full-year revenue was $52.3 million, representing more than a 40% increase, exceeding base guidance expectations.
Improvement in Financial Performance
Record net profit and positive operating cash flow achieved in 2024. Net income for the full year was $4.2 million, a significant improvement from a net loss of $4.4 million in 2023.
Gross Margin Expansion
Fourth quarter gross margin expanded to 22% from 6% year-over-year. Full-year gross margin increased to 31% from 21% in the previous year.
Prestigious Awards and Recognition
Olay Face Milk SPF 50 plus featuring Solesence Clear Technology won the Best Prestige Finished Formula category at the 2025 Cosmetics and Toiletries Alle Award.
Expansion and Operational Initiatives
Expanded batch-making capabilities and production throughput; launched over two dozen new SKUs; received two new patents related to antioxidant and skin-soothing technologies.
Strategic Partnerships and Uplisting Plans
Strong relationships with major brands like BASF; planning to pursue uplisting to NASDAQ in 2025, enhancing growth opportunities and visibility.
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NANX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NANX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 26, 2025 | $2.93 | $2.33 | -20.48% |
| Oct 30, 2024 | $1.30 | $1.88 | +44.62% |
| Aug 06, 2024 | $1.52 | $1.38 | -9.21% |
| Apr 23, 2024 | $1.07 | $1.16 | +8.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nanophase Technologies Corp (NANX) report earnings?
Nanophase Technologies Corp (NANX) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Nanophase Technologies Corp (NANX) earnings time?
Nanophase Technologies Corp (NANX) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NANX EPS forecast?
Currently, no data Available
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