Nanophase Technologies (NANX) Reports Strong Financial Growth and Future Goals

Mar 27, 2025

Nanophase Technologies (NANX, Financial), recently rebranded to Solesence, showcased remarkable financial progress in its 2024 earnings report. The company achieved a record annual net profit and operating cash flow, significantly reducing its debt. Fourth-quarter revenue reached $12.6 million, marking a 57% increase from the previous year, while full-year revenue rose over 40% to $52.3 million. Gross margins also improved, with Q4 margins expanding to 22%. Looking ahead, the company plans a NASDAQ uplisting in 2025 and aims for continued double-digit growth supported by operational efficiency enhancements.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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