NNXPF - NanoXplore reports Q3 results

2023-05-10 17:08:45 ET

• NanoXplore press release ( OTCQX:NNXPF ): Q3 Revenue of C$31.58M (+11.2% Y/Y).
• Record gross margin on revenues from customers of 18.3% in Q3, a strong improvement from 9.7% in Q3 last year
• Record Adjusted EBITDA* totaling $0.5 million in Q3, an improvement of $2.8 million over Q3 last year
• Positive cash flow from operations of $1.6 million in Q3 and $0.8 million year-to-date
• Total liquidity of $47.8 million as at March 31, 2023, including cash and cash equivalents of $37.4 million
• Total long-term debt of $8.3 million as at March 31, 2023
• Raising revenue guidance to a range of $120-125 million from $115-120 million previously, for fiscal year ending June 30, 2023, implying revenue growth of 27-33%.

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