California Nanotechnologies (CNO) AI Stock Analysis

• Market Cap: C$14.78M
• Dividend Yield: N/A
• Average Volume (3M): 113.64K
• Price to Earnings (P/E): 86.5
• Beta (1Y): 2.91
• Revenue Growth: 16.38%
• EPS Growth: -202.03%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 62
• Industry: Chemicals - Specialty
• EPS (TTM): 0.00
• Shares Outstanding: 47,683,407
• 10 Day Avg. Volume: 156,433
• 30 Day Avg. Volume: 113,643
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$0.50
• Price Target Upside: 61.29% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 49 Neutral
• Price Target: C$0.50 ▲(61.29% Upside)

The overall stock score reflects significant financial performance challenges, particularly in profitability and leverage, despite strong cash flow generation. Technical indicators suggest a bearish trend with oversold conditions, and valuation metrics indicate potential overvaluation due to negative earnings. The absence of earnings call insights and corporate events leaves these areas unaddressed.

California Nanotechnologies Business Overview & Revenue Model

Company Description

California Nanotechnologies Corp. engages in the research, development, and production of nanocrystalline materials through grain size reduction. The company provides spark plasma/ field assisted sintering (SPS/FAST); hot pressing; sintering; diffusion bonding; hot isostatic pressing; vacuum pressureless sintering; cryogenic milling, inert gas milling, planetary ball milling, and pulverizing; and material development and testing services, including mechanical alloying, composites/non-composites, mechanical testing, sample fabrication, prototyping, scanning electron microscopy analysis, and particle size analysis. It also offers SPS starter accessory kits, SPS graphite tooling, SPS systems, tungsten carbide tooling, SPS graphite crucibles, carbon graphite foil/paper, carbon felt and yarn, and quartz glass windows; and Engemini, an SPS/FAST modeling software. It serves aerospace, defense, automotive, medical, and sports and recreation industries. The company is headquartered in Cerritos, California.

How the Company Makes Money

California Nanotechnologies generates revenue through the sale of its advanced materials and components to various industries including aerospace, automotive, and defense. The company's revenue model is centered around manufacturing and delivering customized nanostructured products that meet specific client needs. Additionally, CNO engages in research and development projects funded by partnerships with industry leaders and government agencies, contributing to its earnings. The company's ability to innovate and deliver high-performance materials attracts a steady stream of clients looking to enhance the quality and capability of their products.

California Nanotechnologies Financial Statement Overview

Summary

California Nanotechnologies shows promising revenue growth and improving equity positions, but profitability challenges and high leverage present potential risks. Strong cash flow generation provides a solid foundation for future financial stability.

Income Statement

The company has shown strong revenue growth, with significant increases in total revenue each year, indicating a healthy expansion trajectory. However, profitability metrics such as net profit margin are weak due to a negative net income in the latest period, which impacts the overall score. Gross profit margin is robust, reflecting efficient cost management, but the net loss in the TTM period is a concern.

Balance Sheet

The balance sheet reveals high leverage, with a substantial debt-to-equity ratio due to negative equity in previous years. The equity ratio has improved but remains low, showing risk in financial stability. The recent positive stockholders' equity is a positive sign, indicating improved financial health.

Cash Flow

Cash flow performance is strong, with positive free cash flow growth and a high operating cash flow to net income ratio, which indicates good cash generation relative to income. However, fluctuations in financing cash flow might indicate volatility in funding strategies.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.19M	6.22M	3.34M	1.82M	1.36M	1.06M
Gross Profit	3.85M	4.59M	2.33M	669.57K	514.32K	439.97K
EBITDA	-340.99K	780.97K	753.02K	337.91K	314.81K	10.77K
Net Income	-1.30M	-158.33K	381.68K	79.76K	200.60K	-161.40K
Balance Sheet
Total Assets	4.76M	5.50M	2.36M	1.41M	1.22M	587.40K
Cash, Cash Equivalents and Short-Term Investments	462.81K	533.85K	841.35K	294.13K	65.11K	25.29K
Total Debt	1.55M	1.62M	1.21M	1.94M	2.15M	1.94M
Total Liabilities	2.59M	3.19M	2.21M	2.70M	2.58M	2.24M
Stockholders Equity	2.17M	2.32M	145.97K	-1.29M	-1.36M	-1.66M
Cash Flow
Free Cash Flow	1.16M	797.00K	89.98K	604.26K	45.29K	33.20K
Operating Cash Flow	3.28M	2.92M	104.28K	717.01K	54.97K	33.20K
Investing Cash Flow	-2.10M	-2.11M	-14.30K	-112.75K	―	0.00
Financing Cash Flow	-1.20M	-1.12M	535.33K	-387.83K	―	-62.52K

California Nanotechnologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.31
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CNO, the sentiment is Negative. The current price of 0.31 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.49, and below the 200-day MA of 0.72, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 31.24 is Neutral, neither overbought nor oversold. The STOCH value of 20.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CNO.

California Nanotechnologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMG	64 Neutral	C$107.48M	―	-72.52%	―	-9.37%	22.80%
Sector *	61 Neutral	$10.29B	6.41	0.55%	2.90%	3.32%	-39.60%
HG	52 Neutral	C$507.02M	―	-96.25%	―	203.80%	16.89%
CNO	49 Neutral	C$14.78M	86.54	-86.10%	―	16.38%	-202.03%
IZ	45 Neutral	C$424.07K	100.00		―	109.13%	―
GGG.H	―	C$540.14K	―		―	―	―
NANO	45 Neutral	C$111.50M	―	-40.55%	―	―	68.75%

California Nanotechnologies Corporate Events

California Nanotechnologies Reports Q1 2026 Results Amid Revenue Diversification Efforts

California Nanotechnologies Corp. reported a significant decrease in quarterly revenue, primarily due to reduced activity from its green steel customer and a slowdown in equipment deliveries. Despite a net loss and lower revenues, the company achieved a 156% year-over-year increase in manufacturing revenues from other customers, reflecting its efforts to diversify its customer base and secure longer-term contracts. The company is optimistic about future growth, supported by new commercial production orders and ongoing discussions with customers across various sectors.

California Nanotechnologies Reports Record FY2025 Revenue Amid Strategic Expansion

California Nanotechnologies reported a record annual revenue of US$6.224 million for FY2025, marking an 87% increase year-over-year, driven by manufacturing services and SPS equipment sales. Despite a net loss due to non-cash charges from share purchase warrants, the company is strategically investing in its Santa Ana facility to enhance manufacturing capabilities and secure recurring commercial orders, positioning itself for sustainable long-term growth.