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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
▲(9.49%Upside)
NanoXplore Inc (GRA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$465.76M
Dividend YieldN/A
Average Volume (3M)92.86K
Price to Earnings (P/E)―
Beta (1Y)1.00
Revenue Growth8.13%
EPS Growth13.57%
CountryCA
Employees438
SectorBasic Materials
Sector Strength68
IndustryChemicals
Share Statistics
EPS (TTM)-0.01
Shares Outstanding170,608,430
10 Day Avg. Volume158,624
30 Day Avg. Volume92,861
Financial Highlights & Ratios
PEG Ratio-2.75
Price to Book (P/B)6.43
Price to Sales (P/S)0.00
P/FCF Ratio-43.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$2.65Price Target Upside-3.28% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
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: 13.22%|
Next Earnings Date:Sep 17, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed sentiment. While there are positive developments in gross margins, EBITDA improvement in specific segments, and promising progress in U.S. expansion and graphene powder commercialization, these are counterbalanced by revenue declines, program launch delays, and challenges in power allocation for expansion projects.Q3-2025 Updates
Positive Updates
Increase in Gross Margins
Adjusted gross margins increased by 150 basis points year-over-year, reaching 22.4% during the quarter, driven by manufacturing efficiency improvements and higher sales of graphene powder.
Positive EBITDA in Battery Sales and Materials Segment
The Battery Sales and Materials segment reported a positive EBITDA of $102,000 compared to a loss of $688,000 last year, mainly due to R&D grants and lower spending.
Expansion and Investment in the U.S.
Expansion in North Carolina is progressing with equipment expected to start arriving by May, aiming for production by summer, supported by booked contracts expected to generate over $10 million annually.
Graphene Powder Commercialization
Graphene powder sales are expected to significantly increase, with promising results from drilling fluid and insulation foam customers, potentially leading to substantial orders in the future.
Negative Updates
Revenue Decline
Total revenues in Q3 were $30.4 million compared to $33.9 million last year, mainly due to lower progress revenue recognition and reduced volumes from major customers.
Delays in New Program Launches
Delays in the launch of two new customer programs and reduced demand from customers are impacting expected revenue growth for fiscal year 2025.
Challenges with CSPG Expansion
Delays in receiving official confirmation from Hydro-Quebec for necessary power allocation are hindering the CSPG and dry process graphene expansion plans.
Soft Commercial Vehicle Market
The commercial vehicle market remains soft, contributing to a revised guidance for fiscal 2025, expecting sales to be flat compared to fiscal 2024 at approximately $130 million.
Company Guidance
During NanoXplore's third quarter fiscal 2025 earnings call, the company provided several key metrics and forward-looking guidance. Revenues for Q3 were $30.4 million, down from $33.9 million the previous year, primarily due to lower progress revenue recognition and reduced volumes from major customers. Despite this, adjusted gross margins improved by 150 basis points to 22.4%, driven by manufacturing efficiencies and higher graphene powder sales. Adjusted EBITDA rose to $1.4 million from $572,000 last year. NanoXplore's cash position stood at $20.7 million, with total liquidity of $30.7 million. The company anticipates fiscal year 2025 sales to remain flat at approximately $130 million, citing delayed program launches and economic uncertainty. However, they project a minimum of $15 million in incremental revenue for the following fiscal year, driven by new customer programs, expansion in North Carolina, and increased graphene powder sales. Capital expenditures are projected to be $4 million to $5 million over the next two quarters, reducing to less than $1 million per quarter by the end of Q2 2026.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
2.74
Price Trends
2.40
Positive
2.41
Positive
2.41
Positive
Market Momentum
0.12
Negative
66.33
Neutral
61.16
Neutral
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 2.74 is above the 20-day moving average (MA) of 2.50, above the 50-day MA of 2.40, and above the 200-day MA of 2.41, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 66.33 is Neutral, neither overbought nor oversold. The STOCH value of 61.16 is Neutral, 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 (44)
Financial Indicators
Performance Comparison
TSE:GRA
NanoXplore Inc
2.84
0.33
13.15%
TSE:CHE.UN
Chemtrade Logistics
11.27
2.36
26.49%
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.
Financial Disclosures
NanoXplore to Discuss Q3 Financial Results in Upcoming Webcast
Neutral
Apr 30, 2025
NanoXplore Inc. announced it will host a webcast to discuss its third-quarter financial results on May 14, 2025. The results, which will be released on May 13, 2025, are anticipated to provide insights into the company’s performance and strategic positioning in the graphene and battery manufacturing sectors. This announcement is significant for stakeholders as it may impact their understanding of NanoXplore’s market position and future growth potential.
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.