NanoXplore Inc
TSX:GRA

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NanoXplore Inc
TSX:GRA
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Price: 2.2 CAD -3.08%
Market Cap: 399.1m CAD

NanoXplore Inc
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Nov 13, 2025
AI Summary
Q1 2026

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.

Key Financials
Revenue
$23.4 million
Adjusted Gross Margin
17.3%
Adjusted EBITDA
loss of $1.4 million
Cash and Cash Equivalents
$10.1 million
Short-term and Long-term Debt
$7.7 million
Total Liquidity
$20.1 million at September 30
Operating Cash Flow
negative $6.2 million
Cash Flow from Financing Activities
positive $1.4 million
Cash Flow from Investing Activities
negative $3.7 million
CapEx
$3.7 million in Q1
Equity Financing
$25.7 million closed on October 30
Club Car Contract Annualized Revenue
$15 million
New Awarded Programs (next 18 months)
$40 million per year incremental
Earnings Call Recording
Other Earnings Calls

Management

Dr. Soroush Nazarpour B.Sc, M.Sc, Ph.D.
Founder, President, CEO & Director
No Bio Available
Mr. Pedro Azevedo
Chief Financial Officer
No Bio Available
Mr. Rocco Marinaccio
Chief Operating Officer
No Bio Available
Mr. Martin Gagne C.F.A.
Director of Investor Relations
No Bio Available
Sophie Rossignol
General Counsel
No Bio Available
Mr. Jacques Poulin BESc, MBA
Vice President of Sales & Business Development
No Bio Available
Mr. Pierre-Yves Terrisse
Vice President of Corporate Development
No Bio Available
Dr. Francis Nedvidek Laser Physics, PEng Ontario, Ph.D.
GM-European Subsidiary & Advisory Board Member
No Bio Available

Contacts

Address
QUEBEC
MONTREAL
4500 Thimens Blvd,
Contacts
+15149351377.0
nanoxplore.ca