NanoXplore Inc
TSX:GRA
NanoXplore Inc
NanoXplore, Inc. engages in the manufacturing and supplying of graphene powder for use in industrial markets. The company is headquartered in Montreal, Quebec and currently employs 376 full-time employees. The firm provides graphene enabled plastic and composite products to various customers in transportation, packaging, electronics and other industrial sectors. The firm has two business groups, which include Carbon Technology and Composites. Its Carbon Technology group interacts with customers and compounders that use graphene powder or need assistance in mixing graphene with plastics. Its Composite Group is focused on plastic forming within various sectors.
NanoXplore, Inc. engages in the manufacturing and supplying of graphene powder for use in industrial markets. The company is headquartered in Montreal, Quebec and currently employs 376 full-time employees. The firm provides graphene enabled plastic and composite products to various customers in transportation, packaging, electronics and other industrial sectors. The firm has two business groups, which include Carbon Technology and Composites. Its Carbon Technology group interacts with customers and compounders that use graphene powder or need assistance in mixing graphene with plastics. Its Composite Group is focused on plastic forming within various sectors.
Revenue Drop: NanoXplore reported Q1 2026 revenue of $23.4 million, down 30% year-over-year due to reduced demand from its two largest customers in transportation.
Guidance Lowered: Full-year 2026 revenue is now guided to $115–125 million, with most growth expected in the second half as demand recovers and new programs ramp up.
Club Car Win: The company secured a major new customer, Club Car, with a long-term contract expected to generate about $15 million in annualized revenue. Ramp-up is complete and production is at full volume.
CPChem Contract: Largest-ever graphene powder sales agreement with Chevron Phillips Chemical is off to a strong start, with early volumes tracking ahead of expectations even before official marketing begins.
Margin Pressure: Adjusted gross margin fell to 17.3% from 21% last year, breaking a multi-year streak of improvement, but management expects margin recovery and a return to improving trends in the second half.
Leadership Transition: CEO Soroush Nazarpour will transition to Vice Chair, with current COO Rocco Marinaccio taking over as CEO on December 4, 2025.
Financing & CapEx: NanoXplore completed a $25.7 million equity financing to fund expansion, including its new dry graphene initiative, which is expected to add 500–1,000 tons per year of capacity starting March 2026.
