Latest news with #NanoXplore
Yahoo
15-06-2025
- Business
- Yahoo
Should You Think About Buying NanoXplore Inc. (TSE:GRA) Now?
NanoXplore Inc. (TSE:GRA), might not be a large cap stock, but it received a lot of attention from a substantial price movement on the TSX over the last few months, increasing to CA$2.50 at one point, and dropping to the lows of CA$2.24. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether NanoXplore's current trading price of CA$2.38 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at NanoXplore's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. According to our valuation model, NanoXplore seems to be fairly priced at around 9.4% below our intrinsic value, which means if you buy NanoXplore today, you'd be paying a fair price for it. And if you believe that the stock is really worth CA$2.63, then there isn't much room for the share price grow beyond what it's currently trading. Furthermore, NanoXplore's low beta implies that the stock is less volatile than the wider market. See our latest analysis for NanoXplore Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. In the upcoming year, NanoXplore's earnings are expected to increase by 27%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. Are you a shareholder? GRA's optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough conviction to buy should the price fluctuates below the true value? Are you a potential investor? If you've been keeping an eye on GRA, now may not be the most advantageous time to buy, given it is trading around its fair value. However, the positive outlook is encouraging for the company, which means it's worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. Diving deeper into the forecasts for NanoXplore mentioned earlier will help you understand how analysts view the stock going forward. Luckily, you can check out what analysts are forecasting by clicking here. If you are no longer interested in NanoXplore, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
TSX Value Stocks Trading Below Estimated Intrinsic Worth In May 2025
As Canadian investors navigate a landscape marked by potential changes in U.S. tax policy and rising bond yields, the focus on value investing becomes increasingly pertinent. In this environment, identifying stocks trading below their intrinsic worth can offer opportunities for those seeking to optimize their portfolios amidst evolving economic conditions. Name Current Price Fair Value (Est) Discount (Est) Whitecap Resources (TSX:WCP) CA$8.73 CA$14.06 37.9% Docebo (TSX:DCBO) CA$36.04 CA$58.01 37.9% Groupe Dynamite (TSX:GRGD) CA$15.20 CA$27.75 45.2% Aris Mining (TSX:ARIS) CA$8.74 CA$13.08 33.2% VersaBank (TSX:VBNK) CA$16.00 CA$29.98 46.6% Lithium Royalty (TSX:LIRC) CA$5.50 CA$8.45 34.9% TerraVest Industries (TSX:TVK) CA$161.99 CA$297.31 45.5% Timbercreek Financial (TSX:TF) CA$7.28 CA$10.82 32.7% Journey Energy (TSX:JOY) CA$1.59 CA$2.84 44% Laurentian Bank of Canada (TSX:LB) CA$28.17 CA$41.40 32% Click here to see the full list of 21 stocks from our Undervalued TSX Stocks Based On Cash Flows screener. Let's dive into some prime choices out of the screener. Overview: NanoXplore Inc. is a graphene company that manufactures and supplies graphene powder for industrial markets in Australia, with a market cap of CA$394.11 million. Operations: The company's revenue is derived from two main segments: Battery Cells and Materials, contributing CA$0.57 million, and Advanced Materials, Plastics and Composite Products, generating CA$134.79 million. Estimated Discount To Fair Value: 10.5% NanoXplore is trading at CA$2.31, below its estimated fair value of CA$2.58, suggesting it may be undervalued based on cash flows. Despite a decline in recent quarterly sales to CA$29.24 million from CA$33.62 million last year, the company has improved its net loss position and forecasts revenue growth of 21.4% annually, outpacing the Canadian market average of 3.4%. A share buyback program further signals management's confidence in future prospects. The analysis detailed in our NanoXplore growth report hints at robust future financial performance. Delve into the full analysis health report here for a deeper understanding of NanoXplore. Overview: Timbercreek Financial Corp. offers shorter-duration structured financing solutions to commercial real estate investors in Canada, with a market cap of CA$602.44 million. Operations: The company's revenue segment primarily consists of financial services through mortgage solutions, generating CA$72.43 million. Estimated Discount To Fair Value: 32.7% Timbercreek Financial, trading at CA$7.28, is undervalued with a fair value estimate of CA$10.82. Earnings are projected to grow 12.7% annually, surpassing the Canadian market's 11.6%. However, recent quarterly sales declined to CA$3.16 million from CA$4.35 million last year, though net income slightly rose to CA$14.77 million from CA$14.37 million a year ago, highlighting potential cash flow concerns despite future growth prospects and consistent dividend declarations of CAD 0.0575 per share monthly. The growth report we've compiled suggests that Timbercreek Financial's future prospects could be on the up. Navigate through the intricacies of Timbercreek Financial with our comprehensive financial health report here. Overview: Vitalhub Corp. offers technology and software solutions for health and human service providers across various regions including Canada, the United States, the United Kingdom, Australia, and Western Asia, with a market cap of CA$566.78 million. Operations: The company generates revenue primarily from its Healthcare Software segment, totaling CA$75.01 million. Estimated Discount To Fair Value: 26.5% Vitalhub, trading at CA$10.16, is undervalued with a fair value estimate of CA$13.83. Earnings are expected to grow 55.4% annually, outpacing the Canadian market's growth rate of 11.6%. Despite lower profit margins this year (3.8% versus last year's 10.3%), revenue increased to CA$21.67 million from CA$15.26 million in Q1 2025 compared to the previous year, suggesting potential for cash flow improvement amid significant earnings growth projections. Our expertly prepared growth report on Vitalhub implies its future financial outlook may be stronger than recent results. Click here to discover the nuances of Vitalhub with our detailed financial health report. Embark on your investment journey to our 21 Undervalued TSX Stocks Based On Cash Flows selection here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSX:GRA TSX:TF and TSX:VHI. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Hamilton Spectator
13-05-2025
- Business
- Hamilton Spectator
NanoXplore Reports Results for its Q3-2025
MONTREAL, May 13, 2025 (GLOBE NEWSWIRE) — NanoXplore Inc. ('NanoXplore' or 'the Corporation') (TSX: GRA and OTCQX: NNXPF), a world-leading graphene company, reported today financial results for the three-month and nine-month periods ended March 31, 2025. All amounts in this press release are in Canadian dollars, unless otherwise stated. Key Financial Highlights Q3-2025 Overview Pedro Azevedo, Chief Financial Officer, stated: 'Despite slower sales than anticipated in Q3, I'm pleased with the improvements in our adjusted EBITDA and in the underlying business development. We've been working closely with new customers on graphene powder sales and expect commercialization very soon. In addition, startup of new programs that were delayed by our customers will soon start production as well as new awards at our new Statesville, North Carolina facility. While Q4 activity remains low for our biggest customers, we see stronger activity in the beginning of the new fiscal year.' Soroush Nazarpour, President & Chief Executive Officer, stated: 'Our third quarter results demonstrate our ability to adapt to a rapidly evolving macroeconomic environment. While sales volumes were lower than anticipated, we are actively working on improving our operational efficiency. We remain focused on creating long-term value for all stakeholders and are encouraged by the progress made with our partners in two key growth areas for our graphene products: oil and gas drilling fluids, and insulation foam. These segments represent significant growth drivers for NanoXplore. Our U.S. expansion is progressing well and is especially timely given the changing tariff landscape. Overall, I'm pleased with our performance this quarter, particularly given the ongoing economic uncertainty.' * Non-IFRS Measures The Corporation prepares its financial statements under IFRS. However, the Corporation considers certain non-IFRS financial measures as useful additional information in measuring the financial performance and condition of the Corporation. These measures, which the Corporation believes are widely used by investors, securities analysts and other interested parties in evaluating the Corporation's performance, do not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similarly titled measures presented by other publicly traded companies, nor should they be construed as an alternative to financial measures determined in accordance with IFRS. Non-IFRS measures include 'Adjusted EBITDA' and 'Adjusted gross margin'. The following tables provide a reconciliation of IFRS 'Loss' to Non-IFRS 'Adjusted EBITDA' and of IFRS 'Gross margin' to Non-IFRS 'Adjusted Gross margin' for the three-month periods ended March 31, 2025 and 2024. IFRS 'Loss' to Non-IFRS 'Adjusted EBITDA' (1) Non-operational items consist of professional fees mainly due to debt renegotiation and to prospectuses related fees. IFRS 'Gross margin' to Non-IFRS 'Adjusted Gross margin' Reporting Segments results NanoXplore reports its financials in two distinct segments: Advanced Materials, Plastics and Composite Products and Battery Cells and Materials. A. Results of operations variance analysis - Three-month periods Revenues All revenues are coming from the Advanced Materials, Plastics and Composite Products segment, except for $525,567 of other revenues [Q3-2024 – $1,585] from the Battery Cells and Materials segment. Revenues from customers decreased from $33,617,106 in Q3-2024 to $29,239,999 in Q3-2025. This decrease is mainly due to lower tooling revenues and lower volume offset by a positive FX impact. Other income increased from $250,641 in Q3-2024 to $1,206,166 in Q3-2025. The variation is due to grants and refundable tax credits received for Research & Development ('R&D') programs. Adjusted EBITDA 1) From Advanced Materials, Plastics and Composite Products The adjusted EBITDA increased from $1,259,990 in Q3-2024 to $1,318,149 in Q3-2025. The variation is explained as follows: 2) From Battery Cells and Materials The adjusted EBITDA improved from a loss of $688,022 in Q3-2024 to an adjusted EBITDA of $102,406 in Q3-2025. The variation is explained by an increase of Other income of $523,982 and a decrease in Operational expenses of $249,680 B. Results of operations variance analysis – nine-month periods Revenues All revenues are coming from the Advanced Materials, Plastics and Composite products segment, except for $566,908 of other income [YTD 2024 – $27,743] from the Battery Cells and Materials segment. Revenues from customers increased from $90,883,248 in the last year period to $95,204,015 in the current period. This increase is mainly due to a higher tooling revenues and a positive FX impact. Other income increased from $983,554 in the last year period to $2,028,450 in the current period. The variation is due to grants received for R&D programs. Adjusted EBITDA 1) From Advanced Materials, Plastics and Composite Products The adjusted EBITDA increased from $1,846,644 in the last year period to $4,150,179 in the current period. The variation is explained as follows: 2) From Battery Cells and Materials The adjusted EBITDA loss improved from a loss of $1,815,814 in the last year period to a loss of $503,275 in the current period. The variation is explained by an increase of Other income of $539,165 and a decrease in Operational expenses of $756,908. C. Other Additional information about the Corporation, including the Corporation's Management Discussion and Analysis for the three-month and nine-month periods ended March 31, 2025 and 2024 ('MD&A') and the Corporation's consolidated financial statements for the three-month and nine-month periods ended March 31, 2025 and 2024 (the 'financial statements') can be found at . Webcast NanoXplore will hold a webcast tomorrow, May 14, 2025, at 10:00 am EST to review its three-month and nine-month periods ended March 31, 2025. Soroush Nazarpour, CEO and President of NanoXplore, and Pedro Azevedo, Chief Financial Officer, will host the event. To access the webcast please click on the link or you can access through our website in the Investors section under Events and Presentations. A replay of this event can be accessed via the above link or on our website. About NanoXplore NanoXplore is a graphene company, a manufacturer and supplier of high-volume graphene powder for use in transportation and industrial markets. Also, the Corporation provides standard and custom graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. The Corporation is also a silicon-graphene-enhanced Li-ion battery manufacturer for the Electric Vehicle and grid storage markets. NanoXplore is headquartered in Montreal, Quebec with manufacturing facilities in Canada, the United States and Europe. Forward-Looking Statements 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. Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. Such forward-looking information necessarily involves known and unknown risks and uncertainties, including the relevant assumptions and risks factors set out in NanoXplore's most recent annual management discussion and analysis filed on SEDAR+ at which may cause NanoXplore's actual results to differ materially from any projections of future results expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, among others, the uncertain and unpredictable condition of global economy. Any forward-looking information is made as of the date hereof and, except as required by law, NanoXplore does not undertake any obligation to update or revise any forward–looking statement as a result of new information, subsequent events or otherwise. Forward-looking statements reflect management's current beliefs, expectations and assumptions and are based on information currently available to management. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve known and unknown risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated by such statements. No securities regulatory authority has either approved or disapproved the contents of this press release. For further information, please contact: Pierre Yves Terrisse Vice-President Corporate Development Tel: 1 438 476-1965 (1) Adjusted gross margin is a non-IFRS measure and a reconciliation can be found in the 'Overall Results' section. (2) Adjusted EBITDA is a non-IFRS measure and a reconciliation can be found in the 'Overall Results' section.
Yahoo
13-05-2025
- Business
- Yahoo
NanoXplore Reports Results for its Q3-2025
MONTREAL, May 13, 2025 (GLOBE NEWSWIRE) -- NanoXplore Inc. ('NanoXplore' or 'the Corporation') (TSX: GRA and OTCQX: NNXPF), a world-leading graphene company, reported today financial results for the three-month and nine-month periods ended March 31, 2025. All amounts in this press release are in Canadian dollars, unless otherwise stated. Key Financial Highlights Q3-2025 Total revenues of $30,446,165 compared to $33,867,747 last year, representing a 10% decrease; Adjusted gross margin(1) on revenues from customers of 22.4% compared to 20.9% last year; Loss of $1,747,714 compared to $3,089,430 last year; Adjusted EBITDA(2) of $1,420,555 compared to $571,968 last year; Adjusted EBITDA(2) of $1,318,149 compared to $1,259,990 last year for the Advanced Materials, Plastics and Composite Products segment; Adjusted EBITDA(2) of $102,406 compared to an adjusted EBITDA loss of $688,022 last year for the Battery Cells and Materials segment; Total liquidity of $30,704,859 as at March 31, 2025, including cash and cash equivalents of $20,704,859; Total long-term debt of $4,940,740 as at March 31, 2025, down by $1,405,763 compared to June 30, 2024. Overview Pedro Azevedo, Chief Financial Officer, stated: 'Despite slower sales than anticipated in Q3, I'm pleased with the improvements in our adjusted EBITDA and in the underlying business development. We've been working closely with new customers on graphene powder sales and expect commercialization very soon. In addition, startup of new programs that were delayed by our customers will soon start production as well as new awards at our new Statesville, North Carolina facility. While Q4 activity remains low for our biggest customers, we see stronger activity in the beginning of the new fiscal year.' Soroush Nazarpour, President & Chief Executive Officer, stated: 'Our third quarter results demonstrate our ability to adapt to a rapidly evolving macroeconomic environment. While sales volumes were lower than anticipated, we are actively working on improving our operational efficiency. We remain focused on creating long-term value for all stakeholders and are encouraged by the progress made with our partners in two key growth areas for our graphene products: oil and gas drilling fluids, and insulation foam. These segments represent significant growth drivers for NanoXplore. Our U.S. expansion is progressing well and is especially timely given the changing tariff landscape. Overall, I'm pleased with our performance this quarter, particularly given the ongoing economic uncertainty.' * Non-IFRS Measures The Corporation prepares its financial statements under IFRS. However, the Corporation considers certain non-IFRS financial measures as useful additional information in measuring the financial performance and condition of the Corporation. These measures, which the Corporation believes are widely used by investors, securities analysts and other interested parties in evaluating the Corporation's performance, do not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similarly titled measures presented by other publicly traded companies, nor should they be construed as an alternative to financial measures determined in accordance with IFRS. Non-IFRS measures include "Adjusted EBITDA' and 'Adjusted gross margin'. The following tables provide a reconciliation of IFRS 'Loss' to Non-IFRS 'Adjusted EBITDA' and of IFRS 'Gross margin' to Non-IFRS 'Adjusted Gross margin' for the three-month periods ended March 31, 2025 and 2024. IFRS 'Loss' to Non-IFRS 'Adjusted EBITDA' Q3-2025 Q3-2024 YTD 2025 YTD 2024 $ $ $ $ Loss (1,747,714 ) (3,089,430 ) (7,361,648 ) (9,243,896 ) Current and deferred income tax expenses (recovery) (638,838 ) 89,655 235,931 (253,644 ) Net interest expenses (revenues) 138,462 (64,710 ) 295,485 (112,655 ) Gain on disposal of property, plant and equipment — — — (18,260 ) Foreign exchange 433,114 121,556 665,116 175,374 Share-based compensation expenses 299,769 531,292 1,183,487 1,058,770 Non-operational items (1) 115,000 190,000 270,000 270,000 Depreciation and amortization 2,820,762 2,793,605 8,358,533 8,155,141 Adjusted EBITDA 1,420,555 571,968 3,646,904 30,830 - From Advanced Materials, Plastics and Composite Products 1,318,149 1,259,990 4,150,179 1,846,644 - From Battery Cells and Materials 102,406 (688,022 ) (503,275 ) (1,815,814 ) (1) Non-operational items consist of professional fees mainly due to debt renegotiation and to prospectuses related fees. IFRS 'Gross margin' to Non-IFRS 'Adjusted Gross margin' Q3-2025 Q3-2024 YTD 2025 YTD 2024 $ $ $ $ Revenues from customers 29,239,999 33,617,106 95,204,015 90,883,248 Cost of sales 22,677,052 26,595,763 74,732,162 72,674,574 Adjusted gross margin 6,562,947 7,021,343 20,471,853 18,208,674 Depreciation (production) 1,750,221 1,623,878 5,015,485 4,704,724 Gross margin 4,812,726 5,397,465 15,456,368 13,503,950 Reporting Segments results NanoXplore reports its financials in two distinct segments: Advanced Materials, Plastics and Composite Products and Battery Cells and Materials. Q3-2025 Q3-2024 Variation YTD 2025 YTD 2024 Variation $ $ $ % $ $ $ % From Advanced Materials, Plastics and Composite Products Revenues 29,920,598 33,866,162 (3,945,564 ) (12 %) 96,665,557 91,839,059 4,826,498 5 % Non-IFRS Measure * Adjusted EBITDA 1,318,149 1,259,990 58,159 5 % 4,150,179 1,846,644 2,303,535 125 % From Battery Cells and Materials Revenues 525,567 1,585 523,982 33,059 % 566,908 27,743 539,165 1,943 % Non-IFRS Measure* Adjusted EBITDA 102,406 (688,022 ) 790,428 115 % (503,275 ) (1,815,814 ) 1,312,539 72 % A. Results of operations variance analysis - Three-month periods Revenues Q3-2025 Q3-2024 Variation Q2-2025 Variation $ $ $ % $ $ % Revenues from customers 29,239,999 33,617,106 (4,377,107 ) (13 %) 32,636,947 (3,396,948 ) (10 %) Other income 1,206,166 250,641 955,525 381 % 483,939 722,227 149 % Total revenues 30,446,165 33,867,747 (3,421,582 ) (10 %) 33,120,886 (2,674,721 ) (8 %) All revenues are coming from the Advanced Materials, Plastics and Composite Products segment, except for $525,567 of other revenues [Q3-2024 – $1,585] from the Battery Cells and Materials segment. Revenues from customers decreased from $33,617,106 in Q3-2024 to $29,239,999 in Q3-2025. This decrease is mainly due to lower tooling revenues and lower volume offset by a positive FX impact. Other income increased from $250,641 in Q3-2024 to $1,206,166 in Q3-2025. The variation is due to grants and refundable tax credits received for Research & Development ('R&D') programs. Adjusted EBITDA 1) From Advanced Materials, Plastics and Composite Products The adjusted EBITDA increased from $1,259,990 in Q3-2024 to $1,318,149 in Q3-2025. The variation is explained as follows: Higher Other income of $431,543; Lower Selling, general & administration expenses and R&D expenses ('Operational expenses') of $176,778 mainly due to lower professional fees; Partially offset by a decrease in Adjusted Gross margin on revenues from customers of $475,167 due to lower revenues from customers as described above. 2) From Battery Cells and Materials The adjusted EBITDA improved from a loss of $688,022 in Q3-2024 to an adjusted EBITDA of $102,406 in Q3-2025. The variation is explained by an increase of Other income of $523,982 and a decrease in Operational expenses of $249,680 B. Results of operations variance analysis – nine-month periods Revenues YTD 2025 YTD 2024 Variation $ $ $ % Revenues from customers 95,204,015 90,883,248 4,320,767 5 % Other income 2,028,450 983,554 1,044,896 106 % Total revenues 97,232,465 91,866,802 5,365,663 6 % All revenues are coming from the Advanced Materials, Plastics and Composite products segment, except for $566,908 of other income [YTD 2024 – $27,743] from the Battery Cells and Materials segment. Revenues from customers increased from $90,883,248 in the last year period to $95,204,015 in the current period. This increase is mainly due to a higher tooling revenues and a positive FX impact. Other income increased from $983,554 in the last year period to $2,028,450 in the current period. The variation is due to grants received for R&D programs. Adjusted EBITDA 1) From Advanced Materials, Plastics and Composite Products The adjusted EBITDA increased from $1,846,644 in the last year period to $4,150,179 in the current period. The variation is explained as follows: Gross margin on revenues from customers increased by $2,246,408 compared to the last period due to higher sales as described above, improved productivity and cost control; Higher Other income of $505,731; and Partially offset by higher Operational expenses of $448,609 mainly due to higher wages, including higher accrued variable compensation. 2) From Battery Cells and Materials The adjusted EBITDA loss improved from a loss of $1,815,814 in the last year period to a loss of $503,275 in the current period. The variation is explained by an increase of Other income of $539,165 and a decrease in Operational expenses of $756,908. C. Other Additional information about the Corporation, including the Corporation's Management Discussion and Analysis for the three-month and nine-month periods ended March 31, 2025 and 2024 ('MD&A') and the Corporation's consolidated financial statements for the three-month and nine-month periods ended March 31, 2025 and 2024 (the 'financial statements') can be found at Webcast NanoXplore will hold a webcast tomorrow, May 14, 2025, at 10:00 am EST to review its three-month and nine-month periods ended March 31, 2025. Soroush Nazarpour, CEO and President of NanoXplore, and Pedro Azevedo, Chief Financial Officer, will host the event. To access the webcast please click on the link or you can access through our website in the Investors section under Events and Presentations. A replay of this event can be accessed via the above link or on our website. About NanoXplore NanoXplore is a graphene company, a manufacturer and supplier of high-volume graphene powder for use in transportation and industrial markets. Also, the Corporation provides standard and custom graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. The Corporation is also a silicon-graphene-enhanced Li-ion battery manufacturer for the Electric Vehicle and grid storage markets. NanoXplore is headquartered in Montreal, Quebec with manufacturing facilities in Canada, the United States and Europe. Forward-Looking Statements 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. Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. Such forward-looking information necessarily involves known and unknown risks and uncertainties, including the relevant assumptions and risks factors set out in NanoXplore's most recent annual management discussion and analysis filed on SEDAR+ at which may cause NanoXplore's actual results to differ materially from any projections of future results expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, among others, the uncertain and unpredictable condition of global economy. Any forward-looking information is made as of the date hereof and, except as required by law, NanoXplore does not undertake any obligation to update or revise any forward–looking statement as a result of new information, subsequent events or otherwise. Forward-looking statements reflect management's current beliefs, expectations and assumptions and are based on information currently available to management. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve known and unknown risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated by such statements. No securities regulatory authority has either approved or disapproved the contents of this press release. For further information, please contact: Pierre Yves TerrisseVice-President Corporate Development 1 438 476-1965 (1) Adjusted gross margin is a non-IFRS measure and a reconciliation can be found in the 'Overall Results' section.(2) Adjusted EBITDA is a non-IFRS measure and a reconciliation can be found in the 'Overall Results' in to access your portfolio
