NanoXplore

Project Arrow aims to develop an all-electric SUV concept with autonomous driving capabilities, and is a collaboration between nearly 60 different companies in Canada (led by the Automotive Parts Manufacturers’ Association (APMA)). In 2023, at the CES (Consumer Electronics Show) event in Las Vegas, a fully operational prototype was unveiled.

Project Arrow concept unveiled at CES

Now, the Canadian government announced a new investment of CAD$7 million (just over USD$5 million) in the project.

NanoXplore has reported its first quarter 2025 financial results. 

The Company revenue was CA$33.7 million (around US$24,220,000), up 16% from 1Q 2024. Net loss was CA$2.72 million (around US$1,950,000) - loss narrowed by 27% from 1Q 2024. The Company expects total revenues of between CA$140 million (over US$100,600,000) and CA$155 million (around US$111,400,000) for the year ending June 30, 2025.

NanoXplore has reported its financial results for the year ended June 30, 2024. Record total revenues of CAD$38,125,566 (around USD$28,168,000) were reported, compared to CAD$33,318,964 (around USD$24,616,000) last year, representing a 14% increase; Loss of CAD$2,421,110 (USD$1,789,000) compared to CAD$2,003,549 (USD$1,480,000) last year.

Additional numbers included adjusted EBITDA of CAD$2,488,304 compared to CAD$526,140 last year; Adjusted EBITDA of CAD$3,329,793 compared to CAD$1,130,962 last year for the Advanced Materials, Plastics and Composite Products segment; Adjusted EBITDA loss of CAD$841,489 compared to CAD$604,822 last year for the Battery Cells segment (VoltaXplore initiative); Total liquidity of CAD$36,504,880 as at June 30, 2024, including cash and cash equivalents of CAD$26,504,880; Total long-term debt of CAD$6,346,503 as at June 30, 2024, down by CAD$1,529,385 compared to June 30, 2023.

NanoXplore has reported its financial results for Q3 2024. Total revenues were CAD$33,867,747 (USD$24,896,011) in Q3-2024 compared to CAD$31,580,560 (USD$23,214,711) in Q3-2023, representing a 7% increase; 

The Company reports total liquidity of CAD$40,149,612 (USD$29,512,976) as of March 31, 2024 and total long-term debt of CAD$5,515,205 (USD$4,054,089) as of March 31, 2024, down by CAD$2,360,683 (USD$1,735,279) compared to June 30, 2023.

NanoXplore has announced the closing of a new credit facility with the Royal Bank of Canada (“RBC”). Under the agreement, RBC will provide NanoXplore’s subsidiaries with up to CAD$60 million (about USD$43,567,000) .  

The credit facility, inclusive of an existing equipment lease and other financial products, will provide a CAD$10 million (around USD$7,261,000) revolving credit line, up to CAD$45 million (USD$32,677,000) in equipment leasing and CAD$5 million (about USD$3,630,000) in term loans and will carry interest rates similar to those the Corporation currently pays. The new credit facility will allow for the reimbursement of existing loans of approximately CAD$4.7 million (USD$3,412,000) with other lenders.

NanoXplore has announced the successful commissioning of two anode material pilot lines, reportedly achieving remarkable energy density and product validation. The Company called this 'a pivotal moment in NanoXplore’s ongoing commitment to advancing sustainable energy storage solutions'.

NanoXplore’s proprietary silicon graphene technology (SiG™) produced in the pilot line, has achieved an energy density of 1150 Wh/L, and demonstrated compatibility with conventional graphite anodes, resulting in an energy density of over 800 Wh/L. NanoXplore remains dedicated to pushing the boundaries of energy storage capabilities using its advanced materials technology. The SiG™ family is supported by 11 patents which cover a range of different chemistries and extend to all cylindrical cell form factors.

NanoXplore has announced a novel dry graphene manufacturing process. The dry process centers on an advanced exfoliation technology with innovative media that enables high yield exfoliation without the introduction of impurities.

The new graphene production approach benefitted from NanoXplore’s intellectual property portfolio and the strategic patents acquisition of XG Sciences. The amalgamation of eight different patents registered and/or granted in Australia, Canada, United States, Taiwan, China, and South Korea together with NanoXplore’s knowledge and experience deliver what the Company defined as "graphene with a mix of performance and cost-effectiveness". 

NanoXplore reported its financial results for Q3 2023. Total revenues were $28.9 million CAD, up 6% from last year. The net loss was $448,000 (compared to a loss of $1.97 million last year). The company's cash and equivalents at the end of the quarter was $39.5 million CAD. NanoXplore expects its revenues for the year ending June 30, 2024 to reach $130 million.

In September 2023 NanoXplore announced new business representing over $17 Million in annual sales. The company says its graphene initiatives are steadily growing and it is "well positioned to deliver the returns our shareholders are expecting from us".  NanoXplore's graphene enhanced composite light weighting solutions are gaining momentum, and more OEMs are interested in its products. 

NanoXplore has announced that it has been awarded three programs from two existing customers, one large commercial vehicle OEM and one industrial equipment manufacturer, to supply exterior parts of vehicles.  These components are used in both internal combustion engines and electric vehicles.

Production for the first program will begin in 2024 while the start of production for the other two programs is planned for 2026. These programs generally last for a period of 10 years. The Corporation estimates that these programs will generate CAD$24 million (over USD$17,700,000) in annual sales at mature volumes along with a one-time tooling revenue of CAD$10 million (over USD$7,400,000). The Corporation has reportedly already secured the related manufacturing equipment to fulfill these orders and the expansion of the North Carolina facility is ongoing. These investments are part of NanoXplore’s 5-year strategic plan.

NanoXplore reported record results for Q2 2023, with revenues of $33.3 million CAD (up from $28.3 million last year, or a 18% increase). The company's gross margins are increasing, and the company was cash flow positive ($1.7 million).

NanoXplore says that it has been expanding the volume of its graphene-enhanced products while also improving manufacturing efficiencies. The company says that these good results were achieved despite a challenging macro environment