- Record total revenues of $94.3 million in 2022, up 30% compared to 2021, beating our $90 million guidance Continued increase of graphene-enhanced product sales and active funnel growing
- Adjusted EBITDA* totaled $0.1 million for the Q4-2022, an improvement of $2.5 million over Q3-2022
- Total liquidity of $58.6 million as at June 30, 2022, including cash and cash equivalents of $51.2 million
- Total long-term debt of $9.5 million as at June 30, 2022
- Subsequent to quarter-end, we acquired a significant portion of XG Sciences’ assets with focus on battery materials
|Revenues from customers||28,080,085||27,997,816||18,425,908||17,830,017|
|Adjusted EBITDA *||112,735||(2,384,227)||(3,139,026)||(3,760,406)|
A. THREE-MONTH PERIOD
|Revenues from customers||28,080,085||19,608,770||8,471,315||43.2%|
- Gross margin on total revenues increased by $2,589,196 compared to last year due to higher sales, a positive product mix, price increases, improved productivity, and cost control; and
- Lower administrative expenses (SG&A and R&D) of $542,193 mainly due to lower variable compensation and reduction of discretionary spending.
B. FOR THE YEARS ENDED
|Revenues from customers||92,333,826||66,654,634||25,679,192||39%|
NanoXplore is a graphene company, a manufacturer and supplier of high-volume graphene powder for use in industrial markets. The Corporation provides standard and custom graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. NanoXplore is headquartered in Montreal, Quebec with manufacturing facilities in Canada, the United States and Europe.
This press release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. All forward-looking statements are based on our beliefs as well as assumptions based on information available at the time the assumption was made and on management’s experience and perception of historical trends, current conditions and expected future developments, as well as other factors deemed appropriate in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Forward-looking statements are not facts, but only predications and can generally be identified by the use of statements that include phrases such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “foresee”, “grow”, “expect”, “plan”, “intend”, “forecast”, “future”, “guidance”, “may”, “predict”, “project”, “should”, “strategy”, “target”, “will” or similar expressions suggesting future outcomes.
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