NanoXplore Inc (GRA) AI Stock Analysis

• Market Cap: C$404.59M
• Dividend Yield: N/A
• Average Volume (3M): 123.83K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.36
• Revenue Growth: -11.90%
• EPS Growth: -0.32%
• Country: CA
• Employees: 438
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals
• EPS (TTM): -0.02
• Shares Outstanding: 181,428,790
• 10 Day Avg. Volume: 165,439
• 30 Day Avg. Volume: 123,835
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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$2.50
• Price Target Upside: 12.11% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: C$2.00 ▼(-10.31% Downside)

NanoXplore Inc's overall stock score is primarily impacted by its financial performance challenges, including negative profitability and revenue decline. While there are promising developments from recent earnings call highlights, such as new contracts and operational improvements, the current market momentum and valuation concerns weigh heavily on the stock's attractiveness.

Positive Factors

Strategic Partnerships

The strategic partnership with Chevron Phillips Chemical enhances NanoXplore's market reach and validates its product quality, potentially leading to increased sales and market penetration.

New Customer Contracts

The new contract with Club Car is expected to generate significant annual revenue, indicating successful market expansion and product adoption in the transportation sector.

Operational Efficiency

Improved gross margins and expanded customer base demonstrate enhanced operational efficiency, which can lead to better profitability and competitive positioning.

Negative Factors

Revenue Decline

A significant revenue decline due to reduced demand from major customers highlights challenges in maintaining sales momentum and market stability.

Decreased Gross Margins

Decreased gross margins due to lower manufacturing overhead absorption indicate potential issues in cost management and profitability.

Negative Adjusted EBITDA

Negative adjusted EBITDA reflects ongoing financial challenges, impacting the company's ability to generate sustainable profits and invest in growth.

NanoXplore Inc Business Overview & Revenue Model

Company Description

NanoXplore 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 Money

NanoXplore generates revenue primarily through the sale of its graphene products to various industrial sectors. The company's revenue model includes direct sales of graphene powder, composite materials, and graphene-enhanced products. Key revenue streams are derived from contracts with manufacturing companies that seek to incorporate graphene into their products for improved performance. Additionally, NanoXplore benefits from strategic partnerships with industry leaders and research institutions, which facilitate collaborative projects and access to new markets. The ongoing demand for innovative materials that enhance sustainability and performance also contributes to the company's earnings potential.

NanoXplore Inc Financial Statement Overview

Summary

NanoXplore Inc. is experiencing revenue growth and improving margins, but ongoing net losses and negative free cash flow highlight significant profitability challenges. The balance sheet is stable, with low leverage, but cash flow constraints need attention.

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.

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.

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.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	137.55M	128.92M	128.60M	122.70M	92.33M	66.66M
Gross Profit	25.16M	30.73M	20.75M	15.41M	9.38M	7.63M
EBITDA	3.35M	3.07M	1.44M	-2.47M	-7.92M	-4.74M
Net Income	-11.12M	-9.66M	-11.66M	-12.80M	-15.54M	-11.81M
Balance Sheet
Total Assets	151.70M	151.20M	159.69M	165.25M	167.26M	145.30M
Cash, Cash Equivalents and Short-Term Investments	21.05M	18.59M	26.50M	36.21M	51.23M	50.52M
Total Debt	22.30M	22.62M	20.84M	24.57M	29.33M	22.57M
Total Liabilities	49.48M	51.85M	52.04M	48.97M	49.73M	42.32M
Stockholders Equity	102.22M	99.36M	107.65M	116.28M	117.53M	102.99M
Cash Flow
Free Cash Flow	-4.69M	-7.26M	-5.35M	-5.72M	-24.17M	-15.08M
Operating Cash Flow	4.06M	5.95M	4.42M	2.45M	-20.11M	-6.13M
Investing Cash Flow	-7.51M	-12.03M	-10.65M	-9.84M	-5.74M	-15.15M
Financing Cash Flow	-3.06M	-1.94M	-3.50M	-7.66M	26.55M	38.09M

NanoXplore Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.23
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 2.23 is below the 20-day moving average (MA) of 2.23, below the 50-day MA of 2.37, and below the 200-day MA of 2.55, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 43.71 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CHE.UN	73 Outperform	C$1.66B	14.94	14.30%	4.76%	10.20%	-11.22%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GRA	49 Neutral	C$404.59M	-35.51	-10.65%	―	-11.90%	-0.32%

NanoXplore Inc Corporate Events

NanoXplore Reports Q3-2025 Financial Results with Optimistic Outlook

NanoXplore Inc. reported a 10% decrease in total revenues for Q3-2025 compared to the previous year, but showed improvements in adjusted EBITDA and reduced losses. The company is optimistic about future growth due to new customer engagements and the expansion of its U.S. operations, despite current economic uncertainties.

The most recent analyst rating on (TSE:GRA) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on NanoXplore Inc stock, see the TSE:GRA Stock Forecast page.