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NanoXplore Inc (TSE:GRA)
TSX:GRA
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NanoXplore Inc
(TSX:GRA)
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Rating:55Neutral
Price Target:
C$3.00
▲(7.14% Upside)
NanoXplore Inc. shows potential with improving margins and expansion efforts, but current profitability issues and revenue declines present significant risks. Bullish technical signals are tempered by overbought conditions, and valuation metrics reflect ongoing financial challenges.
NanoXplore Inc (GRA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$477.70M
Dividend YieldN/A
Average Volume (3M)116.11K
Price to Earnings (P/E)―
Beta (1Y)0.72
Revenue Growth-0.83%
EPS Growth17.61%
CountryCA
Employees438
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)-0.01
Shares Outstanding170,608,430
10 Day Avg. Volume74,056
30 Day Avg. Volume116,113
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$2.75Price Target Upside-1.79% Downside
Rating ConsensusHold
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:Sep 16, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of positive and negative elements. Highlights included the completion of a major graphene contract, improved EBITDA margins, and government support for battery innovation. However, these were offset by significant revenue declines and challenges due to economic and trade policies. The sentiment is balanced, reflecting both optimism for future growth and concerns about current market conditions.Q4-2025 Updates
Positive Updates
Completion of Major Graphene Contract
NanoXplore has finalized a significant contract with a major U.S. oil and gas company for its Tribograph powder, a high-performance carbon powder used in drilling fluids. This marks a major achievement for the company in the graphene sector.
Improved Adjusted EBITDA Margins
Despite a decline in revenue, adjusted EBITDA margins improved, reflecting a broader adoption of high-margin products and cost management. Adjusted gross margins increased to 24.7%, up by 110 basis points year-over-year.
Completion of Statesville Expansion
The installation and commissioning of equipment at the North Carolina facility have been completed, with preproduction parts already shipped to a new customer. Full production is expected to start in October.
Government Support for Battery Industry Acceleration
NanoXplore was selected to receive up to $2.75 million over the next three years from Natural Resources Canada for research and development on silicon graphene in ultra-high-powered cylindrical cells.
Negative Updates
Revenue Decline
Total revenues in Q4 were down 17% year-over-year to $31.7 million, primarily due to reduced demand from the company's two largest customers.
Volume Reduction from Major Customers
The Advanced materials, plastic, and composite segment is currently seeing volume reduction from its two major customers, translating into a challenging Q1 and Q2 of the next fiscal year.
Economic and Trade Challenges
The current U.S. administration's trade and economic policies have been disruptive, causing delays in some announced contracts and volume reductions in ongoing business.
Company Guidance
During the NanoXplore earnings call for Q4 and fiscal year 2025, the company provided guidance indicating a challenging start to fiscal 2026 due to reduced demand from their two largest customers, which led to a 17% decline in Q4 revenues to $31.7 million. However, adjusted gross margins improved by 110 basis points year-over-year to 24.7%, and adjusted EBITDA remained steady at $2.5 million. The company anticipates growth in the second half of fiscal 2026, driven by the ramp-up of new programs, higher-margin graphene powder sales, and the start of production at the Statesville facility in early October. Total liquidity at the end of the quarter was $28.6 million, with $18.6 million in cash and cash equivalents. The upcoming fiscal year is expected to see both growth and profitability weighted towards the second half, with anticipated gains from the launch of a major graphene contract and advancements in their dry process graphene project.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
Neutral
2.80
Price Trends
2.91
Positive
2.63
Positive
2.52
Positive
Market Momentum
0.03
Positive
44.48
Neutral
29.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GRA, the sentiment is Neutral. The current price of 2.8 is below the 20-day moving average (MA) of 3.11, below the 50-day MA of 2.91, and above the 200-day MA of 2.52, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 44.48 is Neutral, neither overbought nor oversold. The STOCH value of 29.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:GRA.
NanoXplore Inc Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Performance Comparison
TSE:GRA
NanoXplore Inc
2.92
0.62
26.96%
TSE:CHE.UN
Chemtrade Logistics
12.88
3.02
30.63%
TSE:SWAN
Black Swan Graphene Inc
1.35
0.59
77.63%
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.