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NanoXplore Inc (TSE:GRA)
TSX:GRA
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NanoXplore Inc
(TSX:GRA)
Rating:55Neutral
Price Target:
C$3.00
▼(-7.69% Downside)
NanoXplore Inc (GRA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$515.24M
Dividend YieldN/A
Average Volume (3M)140.39K
Price to Earnings (P/E)―
Beta (1Y)0.91
Revenue Growth8.13%
EPS Growth13.57%
CountryCA
Employees438
SectorBasic Materials
Sector Strength66
IndustryChemicals
Share Statistics
EPS (TTM)-0.01
Shares Outstanding170,608,430
10 Day Avg. Volume111,741
30 Day Avg. Volume140,390
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$2.77Price Target Upside-14.77% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
NanoXplore Inc Business Overview & Revenue Model
Company DescriptionNanoXplore Inc (GRA) is a leading company in the graphene and advanced materials sector. It specializes in the production and supply of high-quality graphene powder, which is utilized in a wide range of industries including transportation, packaging, electronics, and energy. The company also offers graphene-enhanced polymers and composite materials, aiming to improve the performance of traditional materials through the incorporation of graphene.
How the Company Makes MoneyNanoXplore Inc generates revenue primarily through the sale of its graphene products and solutions. The company's key revenue streams include supplying graphene powder and graphene-enhanced materials to various industries that benefit from the unique properties of graphene, such as enhanced electrical conductivity, strength, and thermal stability. Additionally, NanoXplore forms strategic partnerships with companies to develop new graphene applications and products, which can lead to joint ventures and shared revenue opportunities. The company's innovative approach in integrating graphene into existing and new products helps drive its market demand and revenue growth.
NanoXplore Inc Earnings Call Summary
Earnings Call Date:May 13, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Sep 16, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with several operational efficiencies and product acceptance gains but was overshadowed by revenue declines, delays in expansion plans, and a softening market outlook. Although there are promising growth opportunities, particularly in graphene applications, the near-term economic uncertainty and project delays pose challenges.Q3-2025 Updates
Positive Updates
Growth in Graphene Enhanced Solutions
Despite challenging economic conditions, NanoXplore saw increasing margins due to greater acceptance of its Graphene Enhanced solutions across industries.
Operational Efficiencies
Adjusted gross margins increased by 150 basis points year-over-year, reaching 22.4% due to manufacturing efficiency improvements and higher sales of graphene powder.
Positive EBITDA in Battery Sales and Materials
The Battery Sales and Materials segment showed a significant improvement with an adjusted EBITDA of $102,000 compared to a loss of $688,000 last year, mainly due to R&D grants and lower spending.
Strong Cash Flow Management
Operating cash flows amounted to an inflow of $4.9 million, with a total liquidity of $30.7 million at the end of the quarter.
Negative Updates
Revenue Decline
Total revenues in Q3 were $30.4 million, a decrease from $33.9 million last year, primarily due to lower progress revenue recognition and lower volumes from two largest customers.
Delays in Expansion Plans
The expansion of CSPG and dry process graphene is delayed due to awaiting confirmation from Hydro-Quebec on electricity allocation, causing potential project segmentation.
Softening Market Conditions
The market for commercial vehicles is softening, and anticipated growth for fiscal 2025 has been affected by delays in new customer program launches.
Uncertain Fiscal Year 2025 Outlook
Sales for fiscal year 2025 are expected to be flat compared to fiscal year 2024, around $130 million, due to economic uncertainty and delays in program launches.
Company Guidance
During the NanoXplore Third Quarter Fiscal 2025 Earnings Call, the company provided updated guidance for fiscal year 2025, projecting total revenues to remain consistent with fiscal year 2024 at approximately $130 million. Despite a challenging macro environment that impacted revenue growth, the company reported adjusted gross margins of 22.4%, an increase of 150 basis points year-over-year, and an adjusted EBITDA of $1.4 million. For fiscal year 2025, CapEx spending is expected to be between $4 million and $5 million in the next two quarters, decreasing to $2 million to $3 million thereafter. The company anticipates significant growth in fiscal year 2026, with new programs and increased graphene powder sales expected to contribute a minimum of $15 million in incremental revenue.NanoXplore Inc Financial Statement Overview
Summary
NanoXplore Inc. shows revenue growth and improved margins, but continues to struggle with profitability due to negative net profit margins and free cash flow. The balance sheet is stable with low leverage, yet cash flow constraints require 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.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 | 66.66M | 62.20M |
| Gross Profit | 25.16M | 20.75M | 15.41M | 9.38M | 7.63M | 9.89M |
| EBITDA | 3.35M | 1.44M | -2.47M | -7.92M | -4.74M | -2.00M |
| Net Income | -11.12M | -11.66M | -12.80M | -15.54M | -11.81M | -8.27M |
Balance Sheet | ||||||
| Total Assets | 151.70M | 159.69M | 165.25M | 167.26M | 145.30M | 113.65M |
| Cash, Cash Equivalents and Short-Term Investments | 21.05M | 26.50M | 36.21M | 51.23M | 50.52M | 33.80M |
| Total Debt | 22.30M | 20.84M | 24.57M | 29.33M | 22.57M | 36.99M |
| Total Liabilities | 49.48M | 52.04M | 48.97M | 49.73M | 42.32M | 52.68M |
| Stockholders Equity | 102.22M | 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
Positive
3.25
Price Trends
2.69
Positive
2.53
Positive
2.46
Positive
Market Momentum
0.11
Negative
67.46
Neutral
87.79
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GRA, the sentiment is Positive. The current price of 3.25 is above the 20-day moving average (MA) of 3.00, above the 50-day MA of 2.69, and above the 200-day MA of 2.46, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 67.46 is Neutral, neither overbought nor oversold. The STOCH value of 87.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GRA.
NanoXplore Inc Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Performance Comparison
TSE:GRA
NanoXplore Inc
3.25
0.97
42.54%
TSE:CHE.UN
Chemtrade Logistics
13.04
3.63
38.58%
TSE:SWAN
Black Swan Graphene Inc
1.93
1.01
109.78%
NanoXplore Inc Corporate Events
Business Operations and StrategyFinancial Disclosures
NanoXplore Reports Q3-2025 Financial Results with Optimistic Outlook
Neutral
May 13, 2025
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.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.