Welcome to our dedicated page for California Nanotechnologies Co news (Ticker: CANOF), a resource for investors and traders seeking the latest updates and insights on California Nanotechnologies Co stock.
California Nanotechnologies Corp. (CANOF), referred to as "Cal Nano", regularly issues news updates that focus on its financial performance, capacity expansions, and activities in advanced materials processing. The company reports on record quarterly and annual revenues, changes in gross margin, and non-IFRS measures such as EBITDA and Adjusted EBITDA, providing insight into how manufacturing services and Spark Plasma Sintering (SPS) equipment deliveries contribute to its results.
News releases often highlight developments at Cal Nano’s manufacturing facilities in Greater Los Angeles, including its advanced materials processing site in Santa Ana, California and its operations in Cerritos. Updates have covered the commissioning of the Santa Ana facility, installation and operation of large-scale SPS systems and cryomills, and the addition of equipment such as a mid-sized SPS2000 machine, a molybdenum wire EDM, and other machining capabilities.
Cal Nano’s news also discusses its customer mix and key programs. The company has reported on manufacturing work for a green steel cleantech customer that has represented a significant share of revenues, as well as pilot and production programs in aerospace, industrial, automotive, renewable energy, defense, and semiconductor markets. Equipment sales to institutions such as the University of Connecticut and Embry-Riddle University are also described in its announcements.
Investors following CANOF news will see updates on topics such as debt repayment to Omni-Lite Industries Canada Inc., the company’s transition to operating without debt, and commentary on being no longer considered a going concern after improvements in its balance sheet. Releases additionally cover participation in investor conferences, stock option grants, and the company’s use of non-IFRS measures. For those tracking California Nanotechnologies, the news stream provides an ongoing view of its growth initiatives, facility utilization, customer programs, and financial trends.
California Nanotechnologies (CANOF) reported record Q1 2025 revenues of US$1.75M, a 243% increase YOY. Net income surged to US$696K from US$35K, and adjusted EBITDA rose to US$754K from US$113K. Diluted EPS was $0.01. Revenue growth was driven by manufacturing programs and SPS equipment sales, despite higher overhead costs. The company's new Santa Ana facility is progressing and expected to boost future revenues. Financial highlights include a gross profit of US$1.15M and a gross margin of 66%. The company repaid US$50K of borrowings, further decreasing debt.
California Nanotechnologies (CANOF) has reported record annual revenue of $3.34 million for FY2024, marking a 142% increase from the previous year. Q4 revenues were $983,004, up 171% YOY. The company also reported a net income of $381,678, up from $79,764 last year, and adjusted EBITDA of $1.16 million, compared to $384,174 previously. Despite a quarterly net loss of $318,359, Cal Nano anticipates continued growth, with Q1/FY2025 expected to hit record revenues and profitability.
The company attributed its revenue growth to R&D manufacturing programs and sales of Spark Plasma Sintering (SPS) equipment. Cal Nano's new facility in Santa Ana is progressing well, with new equipment expected to be commissioned by August 2024. The company remains optimistic about FY2025, anticipating further significant growth.
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