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Nano One Materials
(TSX:NANO)
Nano One Materials (NANO) vs. S&P 500 (SPY)
Nano One Materials Business Overview & Revenue Model
Nano One Materials Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -748.25K | -1.51M | -1.05M | -676.60K | -274.42K | -480.87K | EBIT |
| -33.65M | -32.75M | -16.74M | -11.39M | -5.30M | -3.82M | EBITDA |
| -27.22M | -31.87M | -14.70M | -10.57M | -4.91M | -3.27M | Net Income Common Stockholders |
| -29.22M | -31.81M | -15.83M | -11.40M | -5.24M | -3.81M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 4.32M | 31.87M | 39.45M | 52.65M | 28.76M | 1.95M | Total Assets |
| 5.84M | 52.97M | 56.08M | 55.36M | 30.96M | 2.93M | Total Debt |
| 0.00 | 1.72M | 773.92K | 799.93K | 710.07K | 253.40K | Net Debt |
| -4.32M | -30.15M | -38.67M | -51.85M | -27.04M | -1.49M | Total Liabilities |
| 89.80K | 5.49M | 2.63M | 1.60M | 2.06M | 1.06M | Stockholders Equity |
| 5.75M | 47.49M | 53.45M | 53.75M | 28.90M | 1.87M |
| Cash Flow | Free Cash Flow | ||||
| -29.97M | -32.12M | -10.60M | -7.91M | -3.71M | -2.35M | Operating Cash Flow |
| -20.94M | -27.06M | -9.36M | -7.02M | -2.92M | -2.01M | Investing Cash Flow |
| 3.83M | ― | -16.80M | 317.31K | -1.51M | -536.67K | Financing Cash Flow |
| -559.69K | 23.65M | 12.95M | 31.60M | 30.44M | 1.14M |
Nano One Materials Technical Analysis
Nano One Materials Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
49 Neutral | $1.95B | -1.60 | -22.00% | 3.78% | 0.61% | -27.48% | |
45 Neutral | C$82.47M | ― | -84.80% | ― | ― | 13.34% | |
42 Neutral | $824.45M | ― | -4.13% | ― | ― | ― | |
40 Underperform | C$11.09M | ― | -8.54% | ― | ― | 27.51% | |
37 Underperform | C$81.56M | ― | -14.78% | ― | ― | 44.65% | |
37 Underperform | C$11.38M | ― | -6.08% | ― | ― | -5075.00% |
Nano One Materials Corporate Events
Nano One Materials Corp. announced its 2025 Annual General Meeting of Shareholders, scheduled for May 23, 2025. The meeting will include a corporate presentation and Q&A session, accessible via Zoom. This announcement highlights Nano One’s commitment to engaging with shareholders and stakeholders, reflecting its strategic focus on innovation and collaboration in the battery materials industry.
Spark’s Take on TSE:NANO Stock
According to Spark, TipRanks’ AI Analyst, TSE:NANO is a Neutral.
Nano One Materials faces notable financial challenges due to lack of revenue and ongoing losses, weighing heavily on its overall score. However, recent corporate events have positively influenced its financial stability, providing necessary funding and strategic partnerships for growth. Technical indicators and valuation show mixed signals, indicating cautious optimism. The overall score reflects the balance between current financial difficulties and the potential for future improvement driven by strategic initiatives.
To see Spark’s full report on TSE:NANO stock, click here.
Nano One Materials Corp. reported its Q4 2024 financial results, highlighting a strong financial position with total net assets of $21.4 million and additional non-dilutive funding of $26.5 million received in Q1 2025. The company has secured significant funding from the Government of Québec, including an $18 million package to support the piloting and commercialization of its One-Pot process and expand production capacity at its Candiac Facility. The strategic alliance with Worley Chemetics has demonstrated the economic advantages of Nano One’s process, and a sale and leaseback transaction has bolstered the company’s cash balance, ensuring long-term operational stability.
Nano One Materials Corp. has received C$12.75 million in non-dilutive cash contributions from various government programs, supporting its lithium-iron-phosphate (LFP) commercialization initiatives. This funding strengthens the company’s financial position, enabling it to advance its capacity expansion, production, and licensing plans through 2025. The funds, part of a larger C$45 million government award, underscore the strategic importance of Nano One’s One-Pot process for energy and supply chain security, adding shareholder value and supporting the company’s corporate objectives. The contributions also bolster engineering feasibility efforts for Nano One’s design-one-build-many licensing growth strategy.
Nano One Materials Corp. has announced changes in its senior technology leadership, with Dr. Stephen Campbell retiring as Chief Technology Officer and transitioning to a part-time role managing the company’s intellectual property. Dr. Guoxian Liang, with a long history at Nano One, has been appointed as the Senior VP of Technology, tasked with leading research and development, process innovation, and commercialization readiness. This leadership transition is expected to support Nano One’s strategic positioning in the lithium-ion battery industry, particularly in North America and Europe, leveraging their decade-long head start in innovative technology.
Nano One Materials Corp. has completed the sale and leaseback of its Candiac building and property, generating estimated net proceeds of C$15.7 million. This transaction strengthens the company’s financial position, ensuring operational continuity and supporting its strategic vision for expansion, including leveraging over C$40 million in government funding to increase its production capacity of LFP cathode materials.
Nano One Materials Corp. has entered into a definitive agreement to sell and lease back its Candiac building and property in Québec, securing estimated net proceeds of C$15.7 million. This transaction strengthens the company’s cash balance and ensures long-term operational stability with a 15-year lease agreement, supporting capacity expansion at Candiac to over 1000tpa of LFP cathode production.
Nano One Materials Corp. is positioning itself to capitalize on the increasing global demand for lithium iron phosphate (LFP) battery materials, particularly outside of China. The company is advancing its patented One-Pot process and expanding production capabilities at its Candiac Facility in Québec, Canada, while also exploring global partnerships to enhance future cathode operations, aligning with the robust growth in electric vehicle sales and energy storage system installations.