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Nanophase Technologies Corp (NANX)
:NANX
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.04Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 104.62%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive sentiment, with significant improvements in revenue, net income, and operational efficiency. While there are some concerns about seasonality and production regularity, the overall outlook remains optimistic, supported by a robust order book and expectations of continued growth.Company Guidance
During the third quarter earnings call for Nanophase Technologies Corporation, impressive financial metrics were shared, highlighting the company's robust performance in 2024. Total revenue for Q3 reached nearly $17 million, with a net income of over $3 million, marking an 18% net income margin and a significant turnaround from an 18% loss in Q3 2023. Year-to-date revenue hit a record $40 million, surpassing the previous year's nine-month figures by 36%. The gross profit for the nine months was $13.4 million, equating to 34% of sales, showing a 9-point improvement over the same period in 2023. Additionally, net income for the first nine months of 2024 was $4.8 million, a dramatic improvement from a $2.3 million loss in 2023. Looking forward, the company anticipates 2024 revenue to exceed $50 million, with potential growth into the mid- to upper $50 million range. The company is also poised for further expansion in 2025, supported by strong customer demand and operational efficiencies, with shipped and open orders at the end of Q3 2024 totaling $34 million, 80% higher than the previous year.Record Revenue and Net Income
Nanophase Technologies reported almost $17 million in total revenue and over $3 million in net income for Q3 2024. Year-over-year, the bottom line improved from an 18% loss in Q3 2023 to a net income of 18% in Q3 2024, a $4.5 million swing.
Strong Nine-Month Financial Performance
For the first nine months of 2024, the company achieved $40 million in revenue, exceeding the prior year's nine-month figures by more than $10 million or 36%. Gross profit was $13.4 million, up $6 million from the previous year, with a gross profit margin increase of 9 percentage points.
Operational Improvements and Efficiency Gains
Q3 saw record throughput levels driven by the adoption of OEE metrics, leading to improved uptime and labor efficiency. Inventory availability and on-time delivery performance improved, with over 90% of planned shipments completed within the quarter.
Strong Future Outlook
The company expects 2024 revenue to exceed $50 million, possibly reaching the mid-to-upper $50 million range. Order book at September 30th was $34 million, 80% higher than the previous year, indicating strong future revenue potential.
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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 |
|---|---|---|---|
| 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% |
| Mar 20, 2024 | $0.83 | $0.74 | -10.84% |
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 Mar 26, 2025, TBA Not Confirmed.
What is Nanophase Technologies Corp (NANX) earnings time?
Nanophase Technologies Corp (NANX) earnings time is at Mar 26, 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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