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Nanophase Technologies Corp. - NANX STOCK NEWS

Welcome to our dedicated news page for Nanophase Technologies (Ticker: NANX), a resource for investors and traders seeking the latest updates and insights on Nanophase Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nanophase Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nanophase Technologies's position in the market.

News
Nanophase Reports Record First Quarter Results
Rhea-AI Summary
Nanophase Technologies (NANX) reported record first-quarter results with $9.9 million in revenue and $0.9 million in profit. The company resolved all ongoing litigation with BASF, setting the stage for further growth. Solésence product revenue contributed significantly to the revenue increase, with a 4% rise from the previous year. Gross profit saw a substantial 57% increase, while net income turned positive at $0.9 million compared to a loss in the previous year. The company's successful start to 2024 was highlighted by three consecutive profitable months and the winning of the Allē Award for the second year in a row. Nanophase anticipates a breakthrough year with continued growth in the Solésence business and a focus on building the company's brand.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.41%
Tags
earnings
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News
Nanophase Technologies Announces First Quarter 2024 Financial Release and Conference Call Details
Rhea-AI Summary
Nanophase Technologies (NANX) announces its First Quarter 2024 Financial Release and Conference Call Details. The company, known for mineral-based health care solutions in beauty and life sciences, will release financial news on April 23, 2024, followed by an investor conference call on April 24. The call will discuss financial results and provide business updates with participation from the President & CEO and the Chief Operating Officer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.61%
Tags
earnings
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News
Nanophase Announces Successful Litigation Settlement
Rhea-AI Summary
Nanophase Technologies (NANX) resolves litigation with BASF, focusing on growth in API and Solésence finished products business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.26%
Tags
none
News
Nanophase Reports Fourth Quarter and Year End 2023 Results, New Financing Package  
Rhea-AI Summary
Nanophase Technologies (NANX) reported $37.3 million in full-year revenue, closed a $6 million financing deal, and won the 2024 Cosmetics and Toiletries Allē Award. Despite supply chain challenges affecting profitability in Q3 and Q4 of 2023, the company remains optimistic about its future. Revenue for Q4 was $8 million, with a net loss of $2.1 million. Solésence revenue increased by 9% to $25.2 million, while Personal Care Ingredients revenue decreased by 17% to $9.3 million. Advanced Materials revenue also saw a decline. The company highlighted operational improvements and strategic initiatives to enhance efficiency and performance in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.24%
Tags
none
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News
Nanophase Technologies Announces Fourth Quarter and Year End 2023 Financial Release and Conference Call Details
Rhea-AI Summary
Nanophase Technologies (NANX) announces its Fourth Quarter and Year End 2023 financial release and conference call details. The company will share the financial news release on March 20, 2024, followed by an investor conference call on March 21, 2024, to discuss financial results and provide updates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.56%
Tags
none
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News
Soft Glow SPF 50+ Wins Best in Finished Formula-Prestige Category at 2024 Cosmetics & Toiletries Allē Awards
Rhea-AI Summary
Solésence Beauty Science, a subsidiary of Nanophase Technologies Corporation, wins Cosmetics & Toiletries Allē Award for Soft Glow SPF 50+ featuring Solésence Kleair™ technology. The product offers broad-spectrum SPF 50+ protection, reduces pollution-induced free radicals, and contains antioxidants. Solésence aims to bring innovative beauty products that combine skincare and makeup to the market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
27.2%
Tags
none
News
Nanophase Announces $6M Financing
Rhea-AI Summary
Nanophase Technologies Corporation (NANX) secures $6M equity financing with Strandler, LLC, a move led by its largest shareholder, Bradford T. Whitmore. The financing involves convertible preferred stock, potentially issuing 15M common shares at $0.40 each. Strandler extends maturity of Nanophase's loans. Despite Q42023 falling short of expectations, the company remains optimistic for 2024, with $30M in completed shipments and more orders expected.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.33%
Tags
none
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News
Nanophase Announces Rights Offering to Stockholders
Rhea-AI Summary
Nanophase Technologies Corporation (NANX) announced a rights offering to existing holders of its common stock, expecting to receive gross proceeds of approximately $2.0 million. The purpose is to raise equity capital and satisfy a bridge loan, with the largest shareholder, Bradford T. Whitmore, agreeing to purchase any unsubscribed shares. The offering includes an over-subscription privilege and extends the subscription period through February 2, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
Solésence Beauty Science is Named Winner of the 22nd Annual Chicago Innovation Awards
Rhea-AI Summary
Solésence Beauty Science (Nanophase Technologies Corporation) wins Chicago Innovation Award for Solésence Kleair™ technology, recognized for its inclusive, mineral-based beauty products for skincare and makeup brands. The innovation optimizes zinc oxide for improved efficacy and aesthetics, solving critical health and accessibility issues in the beauty space. The technology enables the active prevention of skin damage caused by UV and pollution, making best-in-class skin health products accessible to people of all skin tones.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
none
News
Nanophase Reports Third Quarter Results, New Financing Package 
Rhea-AI Summary
Nanophase Technologies Corporation (NANX) Announces $3.2 Million Financing, $29.3 Million Revenue, and Award Wins - Q3 Financial Results and Operational Highlights
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-29.47%
Tags
earnings
Stock NANX logo
Nanophase Technologies Corp.

OTC:NANX

NANX Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

NANX Stock Data

51.24M
18.04M
66.36%
1.23%
0.49%
All Other Basic Organic Chemical Manufacturing
Manufacturing
Link
United States
Romeoville

About NANX

nanophase develops, manufactures and sells an integrated family of nanomaterial technologies. nanophase produces engineered nanomaterial products for use in a variety of markets including surface finishing, exterior coatings, personal care, plastics, scratch resistant coatings, and textiles. the company was founded in 1989, went public in 1997 and the common stock currently trades on the otc market (otcqb) under the symbol nanx. company headquarters are located in romeoville, illinois which houses corporate offices, manufacturing, quality and research and development laboratories. the company also has manufacturing operations in burr ridge, illinois. both facilities are certified under iso 9001:2008 and iso 14001:2004 standards. as a leader in the field of nanomaterials technologies, nanophase has evolved from solely a producer of nanoparticles into an integrator of commercially scaled nanomaterial technologies focused on market and customer applications. the company has the capabiliti