NanoXplore reported record results for Q2 2023, with revenues of $33.3 million CAD (up from $28.3 million last year, or a 18% increase). The company's gross margins are increasing, and the company was cash flow positive ($1.7 million).
NanoXplore says that it has been expanding the volume of its graphene-enhanced products while also improving manufacturing efficiencies. The company says that these good results were achieved despite a challenging macro environment
Posted: Sep 12,2023 by Ron Mertens