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Nanoxplore (TSE:GRA)
:GRA
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NanoXplore Inc
(TSX:GRA)
48Neutral
NanoXplore Inc (GRA) vs. S&P 500 (SPY)
Market Cap
C$417.99M
Dividend YieldN/A
Average Volume (3M)95.61K
Price to Earnings (P/E)―
Beta (1Y)0.93
Revenue Growth12.92%
EPS Growth-3.66%
CountryCA
Employees438
SectorBasic Materials
Sector Strength52
IndustryChemicals
Share Statistics
EPS (TTM)-0.07
Shares Outstanding170,608,430
10 Day Avg. Volume80,415
30 Day Avg. Volume95,612
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)3.03
Price to Cash Flow (P/CF)67.80
P/FCF Ratio150.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$3.00Price Target Upside29.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
NanoXplore Inc Business Overview & Revenue Model
Company DescriptionNanoXplore Inc., a graphene company, manufactures and supplies graphene powder for use in industrial markets. The company offers graphene-based solutions, including GrapheneBlack powder and graphene-enhanced masterbatch pellets. It also provides standard and custom graphene-enhanced plastic and composite products to customers in transportation, packaging, electronics, and other industrial sectors. In addition, the company offers graphene-enhanced sheet molding compounds used to create lightweight composite exterior and battery enclosure parts for cars and trucks, such as hoods, bumpers, roofs, and battery packs. It has operations in the United States, Canada, France, Switzerland, and internationally. The company was founded in 2011 and is headquartered in Montréal, Canada.
How the Company Makes MoneyNanoXplore Inc generates revenue primarily through the sale of graphene powder and graphene-enhanced materials. The company capitalizes on the growing demand for advanced materials by offering high-quality graphene products that improve performance and sustainability across various applications. Key revenue streams include direct sales to manufacturers and industry partners who incorporate these materials into their products. Additionally, NanoXplore engages in strategic partnerships and collaborations with industry leaders to enhance its market reach and drive innovation, further contributing to its earnings.
NanoXplore Inc Financial Statement Overview
Summary
NanoXplore Inc. is showing revenue growth with improving margins, but faces challenges with profitability due to ongoing net losses. The balance sheet is stable with low leverage, though cash flow constraints indicate a need for better cash management.Income Statement
NanoXplore Inc.'s income statement reveals improving revenue growth with a 7% increase in TTM compared to the previous annual report. However, the company continues to face challenges with profitability, evidenced by negative net profit margins and an EBIT margin of -6.3% in TTM. The company did improve its EBITDA margin to 2.4%, indicating better control over operating expenses.45
Neutral
Balance Sheet
The balance sheet shows a stable equity base with a debt-to-equity ratio of 0.22 in TTM, suggesting manageable leverage. The equity ratio of 67.4% in TTM reflects a strong equity position relative to total assets, but returns on equity remain negative due to ongoing net losses.50
Neutral
Cash Flow
Cash flow analysis indicates a negative free cash flow, although there is a slight improvement in operating cash flow. The free cash flow growth rate is negative, highlighting cash constraints. The operating cash flow to net income ratio is positive, showing some strength in cash generation relative to reported losses.40
Negative
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 137.55M | 128.60M | 122.70M | 92.33M | 66.65M | 62.20M | Gross Profit |
| 22.37M | 20.75M | 21.29M | 9.38M | 7.63M | 9.89M | EBIT |
| -8.69M | -10.80M | -11.71M | -16.70M | -11.15M | -6.97M | EBITDA |
| 3.35M | 1.44M | -2.47M | -7.18M | -4.74M | -2.00M | Net Income Common Stockholders |
| -11.12M | -11.67M | -12.80M | -15.54M | -11.81M | -8.27M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 16.34M | 26.50M | 36.21M | 51.23M | 50.52M | 33.80M | Total Assets |
| 27.63M | 159.69M | 165.25M | 167.26M | 145.30M | 113.65M | Total Debt |
| 6.23M | 20.84M | 24.57M | 29.33M | 22.57M | 36.99M | Net Debt |
| -10.11M | -5.67M | -11.64M | -21.90M | -27.95M | 3.19M | Total Liabilities |
| 10.63M | 52.04M | 48.97M | 49.73M | 42.32M | 52.68M | Stockholders Equity |
| 17.01M | 107.65M | 116.28M | 117.53M | 102.99M | 60.97M |
| Cash Flow | Free Cash Flow | ||||
| -4.69M | -5.35M | -5.72M | -24.17M | -15.08M | -22.12M | Operating Cash Flow |
| 4.06M | 4.42M | 2.45M | -20.11M | -6.13M | -2.93M | Investing Cash Flow |
| -7.51M | -10.65M | -9.84M | -5.74M | -15.15M | -19.72M | Financing Cash Flow |
| -3.06M | -3.50M | -7.66M | 26.55M | 38.09M | 28.61M |
NanoXplore Inc Technical Analysis
Negative
2.31
Price Trends
2.42
Negative
2.38
Negative
2.39
Negative
Market Momentum
-0.02
Positive
42.75
Neutral
37.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GRA, the sentiment is Negative. The current price of 2.31 is below the 20-day moving average (MA) of 2.40, below the 50-day MA of 2.42, and below the 200-day MA of 2.39, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.75 is Neutral, neither overbought nor oversold. The STOCH value of 37.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GRA.
NanoXplore Inc Peers Comparison
Overall Rating
UnderperformOutperform
Sector (47)
Financial Indicators
Performance Comparison
TSE:GRA
NanoXplore Inc
2.31
-0.21
-8.33%
ZTEK
Zentek
0.99
-0.20
-16.81%
TSE:HPQ
HPQ-Silicon Resources
0.18
-0.02
-10.00%
FCSMF
Focus Graphite
0.06
-0.08
-57.14%
NGPHF
Northern Graphite
0.07
-0.05
-41.67%
LAC
Lithium Americas Corp.
2.70
-4.38
-61.86%
NanoXplore Inc Earnings Call Summary
Earnings Call Date: Feb 11, 2025 | % Change Since: -6.48% | Next Earnings Date: May 20, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of strong financial performance and positive developments in new product offerings, but these were tempered by significant uncertainties regarding tariffs and supply chain challenges. While the company showed revenue growth and improved margins, the looming tariff issues and delayed project confirmations could impact future performance.Highlights
Double-Digit Organic Growth
NanoXplore reported another quarter of double-digit organic growth, marking the 10th consecutive quarter of margin expansion.
Positive Feedback on Dry Process Graphene
Customer feedback on dry process graphene has been consistently positive, particularly due to its competitive pricing, which accelerates customer testing and decision-making processes.
Revenue Increase
Total revenues in Q2 increased by 14% year-over-year to $33.1 million, driven mainly by new tooling revenue recognition.
Adjusted Gross Margins Improvement
Adjusted gross margins as a percentage of sales increased by 190 basis points year-over-year to 21.3%, driven by improved productivity and manufacturing efficiency.
EBITDA Turnaround
Adjusted EBITDA reached $1.1 million, compared to a loss of $93,000 in the same quarter last year.
Lowlights
Tariff Uncertainty
The threat of tariffs is creating uncertainty in the North American supply chain and could lead to a softer near-term demand environment.
Delayed Confirmation for CSPG Expansion
NanoXplore is still awaiting confirmation from Hydro Quebec for additional electricity needed for their CSPG expansion, which has been pending for 18 months.
Softening Economic Environment
The company anticipates a potentially soft near-term economic environment due to uncertainties around tariffs and flat market demand for medium-duty trucks.
Guidance at Lower End
The company's guidance for fiscal year 2025 is expected to be at the lower end of the $140 million to $155 million range due to potential market challenges.
Company Guidance
In the recent earnings call for NanoXplore's second quarter of fiscal 2025, management provided guidance and key insights into the company's performance and future expectations. The company reported a 14% year-over-year increase in revenues, reaching $33.1 million, driven largely by progress on new tooling for three customers. NanoXplore has seen consistent double-digit organic growth and 10 consecutive quarters of margin expansion, with adjusted gross margins reaching 21.3%, an increase of 190 basis points from the previous year. The company continues to advance its dry process graphene production, aiming for significant scale-up by the end of 2025, which is expected to produce hundreds of tons of graphene powder. Additionally, the company maintains its fiscal year 2025 revenue guidance of $140 million to $155 million, albeit with expectations to be on the lower end due to potential macroeconomic uncertainties, including tariffs. Despite these challenges, NanoXplore remains confident in its strategic initiatives, particularly in expanding its production capabilities in both Canada and the U.S. to meet growing demand.NanoXplore Inc Corporate Events
Business Operations and StrategyFinancial Disclosures
NanoXplore Inc. Reports Strong Q2-2025 Financial Results Amid Strategic Expansions
Positive
Feb 11, 2025
NanoXplore Inc. reported a 14% increase in total revenues for Q2-2025, reaching $33.1 million compared to the same period last year. Despite a net loss of $2.9 million, the company improved its adjusted EBITDA, demonstrating strong financial health and strategic growth initiatives such as the expansion of its US manufacturing presence and the development of a dry-processed graphene pilot plant in Montreal.
Financial Disclosures
NanoXplore Schedules Webcast for Q2 Financial Results Discussion
Neutral
Jan 28, 2025
NanoXplore Inc. has announced a webcast scheduled for February 12, 2025, to discuss its second-quarter financial results, which will be released the day before. This event signifies the company’s ongoing commitment to transparency and stakeholder engagement, potentially impacting its positioning and operations in the graphene and battery manufacturing industry.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.