Q2 2025 NanoXplore Inc Earnings Call Transcript
Key Points
- NanoXplore Inc (NNXPF) reported a 14% increase in total revenues for Q2 2025 compared to the same quarter last year, reaching $33.1 million.
- The company achieved its tenth consecutive quarter of margin expansion, with adjusted gross margins increasing by 190 basis points to 21.3%.
- NanoXplore Inc (NNXPF) is preparing for a scale-up in production of dry process graphene, with plans for a larger scale pilot plant and new equipment expected to arrive by Q3 2025.
- The company has received positive customer feedback on its dry process graphene, particularly regarding its competitive pricing, which has accelerated customer testing and decision-making.
- NanoXplore Inc (NNXPF) maintains a strong liquidity position with $21 million in cash and cash equivalents and a total liquidity of $31 million as of December 31, 2024.
- The threat of tariffs is creating uncertainty in the near term, impacting the North American supply chain and potentially affecting NanoXplore Inc (NNXPF)'s business.
- The company is still awaiting confirmation from Hydro Quebec for additional electricity allocation, which is delaying the CSPG and dry process graphene expansion projects.
- NanoXplore Inc (NNXPF) expects to be at the lower end of its fiscal year 2025 revenue guidance range of $140 million to $155 million due to macroeconomic headwinds and supply chain challenges.
- Delays in new program launches and potential tariffs are contributing to a softer near-term demand environment for graphene-enhanced composite products.
- The company faces ongoing challenges in the battery cells and materials segment, with an adjusted EBITDA loss reported for this segment in Q2 2025.
Good day and thank you for standing by. Welcome to the second quarter, 2025 NanoXplore earnings conference call.
(Operator Instructions)
Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Pierre-Yves Terrisse, VP of Corporate Development. Please go ahead.
(Spoken in foreign language). Good morning, everyone and thank you for joining this discussion of NanoXplore financial and operating result for the second quarter of fiscal 2025. The press release reporting these results was published yesterday after market close and can also be found on our website along with our financial statements and MD&A.
These documents are also available on SEDAR Plus.
Before we begin, I'd like to remind you that today's remark, including management's outlook and answer to questions, contains forward-looking statements. These forward-looking statements
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