EarningsQ4 2026 Earnings Report
DE:N13 Q4 2026 EPS Results
Actual EPS>-€0.01
Consensus EPS>-€0.01
Beat/MissBeat by +<€0.01
One Year Ago EPS>-€0.01
DE:N13 Q4 2026 Revenue Results
Actual Revenue€21.19M
Expected Revenue€21.48M
Beat/MissMissed by -€285.00K
YoY Revenue Growth+7.01%
Earnings Announcement Details
QuarterQ4 2026
Date09/15/2026
TimeAfter Close
Conference CallTuesday, September 15, 2026
DE:N13 Upcoming Earnings
NanoXplore Inc's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q4 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly positive, with management highlighting record safety performance, strong product and commercial advancements, a $35 million pipeline, multiple high-margin growth opportunities, improving fourth-quarter product revenue and margins excluding tooling, positive cash flow, reduced future CapEx and expectations for record fiscal 2027 revenue and free cash flow. The main negatives were lower full-year revenue and EBITDA, raw-material-driven margin pressure, elevated working capital, delayed Volvo programs and the slower-than-expected TriboGraf commercialization timeline.Company Guidance
Strongest Position in Company History
Management stated that NanoXplore is in the strongest position it has ever been, supported by a solid cash position, a robust $35 million pipeline of graphene-enhanced solutions business launching over the next 18 months, and high-margin graphene opportunities across multiple end markets.
Commercial and Operational Advancements
NanoXplore launched its Statesville, North Carolina facility supplying exclusively for Club Car, formalized its partnership with Chevron Phillips Chemical, began driving commercial TriboGraf revenues, and advanced its proprietary D-Series graphene technology from development into commercial production through an in-house dedicated production line.
Record Safety Improvement
The company achieved its best safety record in its history, reducing total recordable injury frequency from 9.99 to 3.10.
Large-Scale Capacity, IP and Regulatory Position
NanoXplore reported up to 5,000 tons of annual graphene capacity, more than 100 patents and patent applications, and authorization to produce and sell graphene in Canada, the United States and Europe. Management described its Environment and Climate Change Canada, Health Canada, EPA and REACH certifications as an unmatched regulatory position in the industry.
Differentiated X-Series and D-Series Platform
The X-Series provides high-aspect-ratio graphene with attributes including lubricity, thermal conductivity and barrier properties, while the D-Series provides high-surface-area graphene with attributes including electrical conductivity, EMI shielding and UV protection. The platform can produce purity levels up to 99.8% when required and allows grades to be tailored to customer needs.
Cement Opportunity Revived by D-Series Graphene
After earlier X-Series work produced strong laboratory results but failed to generate commercial traction, the D-Series has revived the opportunity. NanoXplore is working with one of the top 5 cement producers globally, with the product undergoing validation. Management stated that NanoXplore is the lowest-cost producer of commercial-scale graphene.
Higher-Margin Growth Strategy
Management expects newer graphene applications with higher graphene content to carry substantially stronger margins than existing operating-company products, where graphene loading is typically under 5%. TriboGraf is sold as 100% powder, and masterbatches have meaningfully higher graphene loading levels. As these applications scale, management expects them to become a major driver of overall margin expansion.
Insulating Foam Commercial Momentum
NanoXplore has active development programs with major producers representing roughly 80% of North American market share in insulating foams. Several programs are on track to commercialize during fiscal 2027. One major customer is in final approval stages to replace its current additive and is expected to require 1,000 tons of masterbatch at 30% graphene loading in the first full year of production, with supply expected to begin later this year.
Global PU Foam Letter of Intent
NanoXplore signed a letter of intent with a leading global producer of graphene-enhanced polyurethane foams. The partner would purchase graphene powder and produce shelf-stable liquid dispersions in polyol. The opportunity includes replacing a widely used halogenated flame retardant facing increasing regulatory pressure and an expected gradual phase-out.
Industrial and Consumer Film Performance Gains
In collaboration with Techmer PM, NanoXplore demonstrated more than a 70% improvement in mechanical strength for graphene-enhanced films and believes film producers may be able to reduce thickness by up to 20% while maintaining tensile, tear and structural performance. The technology also showed potential to increase recycled content without sacrificing performance.
Film Commercialization Pipeline
Multiple customers have requested and received samples of graphene-enhanced film products, with testing expected to conclude over the coming months. NanoXplore is targeting the start of graphene order flow in the second half of fiscal 2027. Management stated that the thin-film opportunity combines low graphene addition rates, usually under 1%, with significantly higher selling prices per kilogram and meaningfully higher expected product margins.
Launch of High-Purity Conductive Graphene
NanoXplore launched xGnP 500-HP, a high-purity graphene powder for energy storage, conductive composites and advanced electronics. The company currently sells conductive graphene to a customer in Asia and is working with several additional customers on commercial opportunities expected to materialize over the coming fiscal year. Management stated that these products consistently carry higher margins than traditional graphene products.
Recycled Plastics Opportunity with Club Car
NanoXplore is working with Club Car on formulations to convert products to graphene-enhanced recycled polymers, with the conversion expected in early 2027. Graphene is intended to restore mechanical performance lost during plastic recycling, with graphene and recycled polymers supplied by NanoXplore's Canuck subsidiary.
VoltaXplore Repositioned Toward Defense
VoltaXplore, a 100% owned subsidiary, operates a 1 megawatt per hour cylindrical battery production facility in Montreal and produces 21700-format cells. Following a strategic review, it was refocused from electric vehicles toward validated near-term opportunities in drones, defense and dual-use platforms, including UAVs, UGVs and portable electronics. The facility has begun supplying cells for testing and qualification, while development is supported by Natural Resources Canada's Energy Innovation Program and the National Research Council's Industrial Research Assistance Program.
Fourth-Quarter Product Revenue Growth
Excluding tooling revenues, fourth-quarter revenue increased by $4.5 million, or 17% year over year, due to new programs and volume recovery on Paccar and Volvo programs. Tooling revenue was 7% higher than Q4 last year at $33.9 million.
Improved Product Gross Margins Excluding Tooling
Adjusted product gross margin increased from 20.6% last year to 23% this year when excluding tooling margins.
Positive Fourth-Quarter Cash Flow and Liquidity
Fourth-quarter cash flow was positive $650,000, marking the first quarter with positive cash flow excluding quarters with financings or high tooling repayments. Operating cash flow was positive $3.6 million, mainly due to strong EBITDA and a reduction in working capital. The company ended the quarter with $25 million in cash and cash equivalents, $11.5 million in short-term and long-term debt, and total liquidity of $30 million as of June 30.
Tariff Refund and Trade Position
NanoXplore received approval in June 2026 for a USD 720,000 IEEPA tariff refund, which was collected in July 2026. Management stated that most materials sourced into Canada are not subject to Canadian tariffs and that products sold into the United States are not subject to U.S. tariffs. Production facilities in both countries provide flexibility in working with customers on potential future impacts.
Reduced Capital Expenditure Run Rate
Management stated that the majority of large strategic investments are behind the company and expects capital expenditures to fall to less than $1 million per quarter as a run rate beginning in Q1 2027.
Fiscal 2027 Revenue and Free Cash Flow Outlook
Fiscal Q1 2027 revenue is expected to range between $30.5 million and $31 million, representing a 32% increase versus last year. Full-year fiscal 2027 revenue is expected to grow between 11% and 20% to $130 million to $140 million, with positive free cash flow expected. Management stated that achieving this revenue and free cash flow performance would represent record highs for NanoXplore.
Fiscal 2028 Revenue Outlook
Internal expectations for fiscal 2028 indicate revenue between $160 million and $170 million, driven by growth in graphene sales and the solutions business, barring unforeseen circumstances.
Expected Margin Expansion in Fiscal 2027
Management expects Q1 fiscal 2027 margins to be about 50 basis points softer than Q4 because of lower revenue coverage of overhead and fixed costs. As revenue strengthens, management expects approximately 150 basis points of growth from Q1 forward, potentially reaching 200 basis points of improvement by Q4 versus the current Q4 level, with the full-year average expected to improve by 100-something to 150 basis points year over year.
DE:N13 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed