NanoXplore Inc. reported a 30% decrease in total revenues for Q1-2026, with a loss of $3,776,330 compared to $2,719,012 last year. The company’s adjusted gross margin on revenues dropped to 17.3% from 20.9% last year. Total liquidity was $20,091,924 as of September 30, 2025, with $10,091,924 in cash and cash equivalents.
The reduction in volume demand from NanoXplore’s largest customers affected Q1 performance, with current volumes at historical lows. New contracts with Chevron Phillips Chemical and Club Car are expected to generate revenues in Q2. The CEO role is transitioning to Rocco Marinaccio, the current COO, to focus on long-term strategic growth.
Rocco Marinaccio, the incoming CEO, highlights key milestones for sustainable growth, including a multi-year supply agreement with Chevron Phillips Chemical and a new facility in North Carolina. Discussions with prospective customers for insulation foam applications are ongoing, with expected growth initiatives contributing to revenue by the second quarter of fiscal 2026.
NanoXplore uses non-IFRS financial measures like adjusted EBITDA and adjusted gross margin to evaluate performance. Revenues from customers decreased by 31% in Q1-2026, mainly due to lower volume and tooling revenues. Other income increased by 35%, attributed to grants and refundable tax credits for R&D programs. Adjusted EBITDA for the Advanced Materials segment dropped from $1,512,104 to a loss of $1,318,758. Adjusted gross margin on revenues from customers decreased by $3,074,190 compared to last year due to lower volume and tooling revenues, offset by improved productivity and cost control. Operational expenses also decreased by $292,838 mainly due to lower professional fees and cost control.
The adjusted EBITDA loss improved from $387,805 in Q1-2025 to $71,343 in Q1-2026. This improvement was driven by increased revenues from customers and Other income, along with decreased Operational expenses.
NanoXplore, a graphene company, will hold a webcast on November 13, 2025, to review its performance in Q1-2026. The company provides graphene powder for transportation and industrial markets, graphene-enhanced products, and silicon-graphene-enhanced Li-ion batteries.
Forward-looking statements in the press release caution about risks and uncertainties in NanoXplore’s future performance. Management’s beliefs, expectations, and assumptions shape these statements, which are subject to change based on new information and events.
For further information, contact Pierre Yves Terrisse, Vice-President Corporate Development at NanoXplore by email at [email protected] or phone at 1 438 476-1965. Adjusted gross margin and EBITDA are non-IFRS measures, with reconciliation provided in the “Overall Results” section. 1. The stock market saw a significant increase today, with the S&P 500 reaching a new all-time high of 4,500. This surge was led by tech stocks, which saw a 2% increase. The Dow Jones Industrial Average also rose by 1.5%, closing above the 35,000 mark for the first time.
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Read more at GlobeNewswire.: NanoXplore Reports Results for its Q1-2026