NanoXplore

NanoXplore has reported its second‑quarter 2026 results, that can be said to show a company in transition: revenue has gone down from last year, but the underlying business health is improving, and management is tightening its focus on higher‑return opportunities.

Revenues landed at about CAD 27.6 million ( around USD 20.3 million), roughly 17% lower than the same quarter last year, mainly because two of its largest customers pulled back and project‑related tooling revenue fell. The company’s gross profit margin held up well - around 21.5% - which is slightly better than a year ago. The company’s cash position at the end of the quarter stood at about CAD 30 million (around USD 22.1 million) , giving it a solid runway to fund ongoing projects and R&D without immediate balance‑sheet pressure.

NanoXplore has announced it has entered into an exclusive, long-term supply agreement with Club Car, a leading name in the recreational products industry.

This partnership will support the production of graphene-enhanced, high-performance solutions. The addition of Club Car to NanoXplore's customer portfolio marks a milestone in the Company’s diversification strategy, the Company stated, expanding its reach and revenue opportunities beyond its traditional focus in the transportation sector.

NanoXplore has announced a bought deal private placement for gross proceeds of CA$25,000,080 (almost US$18 million).

The net proceeds will be used to support future growth by investing in dry graphene expansion, and for general corporate and working capital purposes.

Volatus Aerospace, a Canadian company focused on aerial intelligence and unmanned aircraft systems, and VoltaXplore, a joint venture between Martinrea International and NanoXplore aimed at commercializing the production of graphene-enhanced lithium-ion batteries for the electric vehicle market, have announced the signing of a Letter of Intent for the future supply of Canadian-made lithium-ion battery cells to power Volatus’ next-generation drones.

This strategic agreement strengthens Volatus’ product differentiation and supply chain security while positioning both companies for growth across civil, defense, and Arctic surveillance markets. By securing a domestic source of advanced, silicon-dominant battery cells, Volatus strengthens domestic sourcing and supply management, enhances technological self-reliance, and aligns with anticipated federal investments in Canadian manufacturing capacity.

NanoXplore has announced that it has entered into a 'significant supply agreement' with Chevron Phillips Chemical (CPChem). This multi-year supply contract is to provide Tribograf™, a proprietary carbon product produced in NanoXplore’s graphene production facility in Montreal, Canada.

Drilling Specialties, a division of CPChem, alongside NanoXplore, developed and tested formulations based on Tribograf^TM for use as a lubricant in oil and gas drilling fluids. This lubricant is trademarked as NanoSlide and is currently commercial, with reportedly successful customer feedback and production orders underway.

NanoXplore has released its financial results for the year ending June 30, 2025. The company experienced a drop in revenues compared to the previous year, with both quarterly and annual totals slightly down. Despite this, NanoXplore managed to maintain stable profitability at the operational level, as reflected in steady adjusted EBITDA and improved profit margins. The company also reduced its long-term debt and maintained a solid liquidity position.

For the fourth quarter, NanoXplore generated approximately C$31.7 million (over US$23 million) in revenue, down from C$38.1 million (almost US$28 million) the previous year, and ended the period with a loss just over C$2.3 million (US$1.6 million) - slightly less than the prior year. Annual revenues were about C$128.9 million (US$94 million), with a yearly loss of C$9.7 million (US$7 million), marking a reduction from the previous year's C$11.7 million (US$8.5 milion) loss. 

NanoXplore has reported its financial results for the three-month and nine-month periods ended March 31, 2025. Key financial highlights for Q3-2025 include total revenues of CAD$30,446,165 (around USD$21,770,000) compared to CAD$33,867,747 (about USD$24,200,000) last year, representing a 10% decrease; Loss of CAD$1,747,714 (around USD$1,250,000) compared to CAD$3,089,430 (around USD$2,209,000) last year.

In addition, the total long-term debt stands at CAD$4,940,740 (about USD$3.533.000) as of March 31, 2025, down by CAD$1,405,763 (USD$1,005,000) compared to June 30, 2024.

NanoXplore has reported its financial results for the three-month and six-month periods ended December 31, 2024, citing total revenues of CAD$33,120,886  (around USD$23,165,000) in Q2-2025 compared to $29,063,024 (around USD$20,300,000) in Q2-2024, representing a 14% increase. 

Loss stood at CAD$2,894,922 (about USD$2,000,000) in Q2-2025 compared to $2,428,388 (about USD$1,700,000) in Q2-2024 and total long-term debt of $5,452,604 (almost USD$3,800,000) at December 31, 2024, down by $893,899 (USD$625,000) compared to June 30, 2024.

Project Arrow aims to develop an all-electric SUV concept with autonomous driving capabilities, and is a collaboration between nearly 60 different companies in Canada (led by the Automotive Parts Manufacturers’ Association (APMA)). In 2023, at the CES (Consumer Electronics Show) event in Las Vegas, a fully operational prototype was unveiled.

Project Arrow concept unveiled at CES

Now, the Canadian government announced a new investment of CAD$7 million (just over USD$5 million) in the project.

NanoXplore has reported its first quarter 2025 financial results. 

The Company revenue was CA$33.7 million (around US$24,220,000), up 16% from 1Q 2024. Net loss was CA$2.72 million (around US$1,950,000) - loss narrowed by 27% from 1Q 2024. The Company expects total revenues of between CA$140 million (over US$100,600,000) and CA$155 million (around US$111,400,000) for the year ending June 30, 2025.