Canada's NanoXplore Q3 revenue rises helped by higher sales

NanoXplore

13/05/2026 21:43

Overview

Canada graphene manufacturer's Q3 revenue rose 6% yr/yr, slightly beating analyst expectations

Adjusted EBITDA for Q3 missed analyst estimates and declined from last year

Revenue growth driven by higher volume and tooling revenues, plus sequential improvement since Q1

Outlook

Company says focus remains on expanding business through dry-process graphene and enhanced solutions

NanoXplore aims to build on recent momentum to end the year on a strong note

Result Drivers

HIGHER VOLUME AND TOOLING REVENUES - Q3 revenues from customers increased mainly due to higher sales volume and tooling revenues

IMPROVED PRODUCTIVITY AND COST CONTROL - Adjsuted gross margin improvement attributed to higher volume and higher tooling revenues, which improved productivity and cost management

Company press release: ID:nGNX4nMtfT

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
C$32.30 mln
C$32.21 mln (6 Analysts)
Q3 Adjusted EBITDA
Miss
C$1.20 mln
C$1.40 mln (5 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialty chemicals peer group is "buy"

Wall Street's median 12-month price target for NanoXplore Inc is C$2.90, about 38.8% above its May 12 closing price of C$2.09

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)