Canada · Delayed Price · Currency is CAD NanoXplore Earnings Call Transcripts
Fiscal Year 2026
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Strong Q4 and FY 2026 results with 17% revenue growth (excluding tooling), margin expansion, and a robust pipeline of high-margin graphene opportunities. FY 2027 revenue is guided at CAD 130–140 million, with positive free cash flow and major CapEx reductions expected.
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Q3 2026 saw sequential and year-over-year growth in revenue, gross margin, and adjusted EBITDA, driven by new product launches, expanding markets, and operational improvements. Guidance for fiscal 2026 is reaffirmed, with further margin expansion and cash flow generation expected as new programs ramp up.
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Q2 saw sequential improvements in revenue, gross margin, and adjusted EBITDA, despite a 17% year-over-year revenue decline. The CSPG project was canceled, while the dry process graphene platform and new contracts with Club Car and Volvo are set to drive future growth.
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Q1 2026 saw a 30% revenue decline year-over-year due to transportation sector weakness, but new contracts with Chevron Phillips Chemical and Club Car, plus a CAD 25.7 million equity raise, position the company for a strong second half and growth into 2027.
Fiscal Year 2025
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Q4 revenue declined 17% year-over-year due to lower volumes from major customers, but adjusted gross margin and EBITDA improved. A major multi-year graphene contract was finalized, and expansions in North Carolina and Quebec are ramping up, with growth expected in the second half of the year.
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Q3 revenue declined year-over-year due to lower customer volumes, but gross margin and EBITDA improved on manufacturing efficiencies and higher graphene sales. Fiscal 2025 sales are expected to be flat, with growth anticipated in 2026 from new programs and expanded production.
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Q2 revenue grew 14% year-over-year to CAD 33.1 million, with margin expansion and positive EBITDA. Guidance for fiscal 2025 remains at CAD 140–155 million, but expectations are for the lower end due to market and supply chain headwinds. Commercial rollout of high-margin graphene products is expected in the second half of 2025.
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Q1 2025 revenue grew 16% year-over-year to CAD 33.7 million, with gross margin up to 20.9% and Adjusted EBITDA turning positive. Fiscal 2025 guidance is CAD 140–155 million, reflecting customer demand uncertainty, while expansions in Canada and the U.S. are on track to drive future growth.
Fiscal Year 2024
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Record Q4 and full-year sales were driven by strong product demand and tooling revenue, with gross margins and adjusted EBITDA reaching new highs. The VoltaXplore gigafactory is postponed, shifting focus to silicon graphene R&D, while U.S. expansion and new grants support future growth.