Nanophase Tech Stock Price, News & Analysis

Nanophase Technologies Corporation (OTCQB: NANX) reported a 27% year-over-year growth in revenue, totaling $37.3 million for the full year 2022, up from $29.5 million in 2021. The fourth quarter revenue reached $8.3 million, a 12% increase compared to the same period last year. Notable segments included Solésence revenue, which rose to $23.1 million, and Active Pharmaceutical Ingredients (API) which saw a 44% increase to $11.1 million. Despite these gains, the company reported a net loss of $2.6 million for the year, primarily due to atypical expenses and infrastructure challenges. However, they achieved recognition as one of Fast Company’s World’s Most Innovative Companies in 2023.

Nanophase Technologies Corporation (OTCQB: NANX) has announced the release of its Fourth Quarter and Year-End 2022 financial results, scheduled for after market close on March 29, 2023. A conference call will follow on March 30, 2023, at 10:00 a.m. CDT, led by President & CEO Jess Jankowski and COO Kevin Cureton. Interested participants must register at a provided link to receive dial-in details. The company specializes in minerals-based health care solutions, particularly in beauty and life sciences, leveraging patented technologies to enhance consumer health.

Nanophase Technologies Corporation (OTCQB: NANX) announced that its subsidiary, Solésence Beauty Science, will debut at MakeUp in Los Angeles on February 16-17, 2023. This event will feature the launch of the "Beauty Now" program, promoting a quick path to market for skincare brands with a selection of SPF-infused products. Solésence will showcase its full range of white label beauty products, including new formulations like Lip Oil SPF 40+ and Soft Glow SPF 50+. The launch aims to establish a rapid footprint in the growing beauty market, combining innovative mineral-based technology with effective UV protection.

Nanophase Technologies Corporation (OTCQB: NANX) reported $9.7 million in Q3 revenue, a 22% increase year-over-year. The company saw significant growth in Beauty Science, with Solésence revenue rising 39% and Personal Care Ingredients up 61%. Despite a loss of $0.75 million due to investments and cyber theft, the total nine-month revenue reached $29.1 million, a 31% increase versus 2021. Management projects improved margins and ongoing strong demand in the beauty industry as they adapt operations for growth.

Nanophase Technologies Corporation (OTCQB: NANX) will release its Third Quarter 2022 financial results on November 8, 2022, after market close. A conference call is scheduled for November 9, 2022, at 11:00 a.m. CST to discuss these results. The call will feature Jess Jankowski, President & CEO, and Kevin Cureton, COO. Participants must register to obtain dial-in details. The conference call will also be available via a listen-only webcast, accessible through the company's website.

Nanophase Technologies Corporation (OTCQB: NANX) announced that its Solésence Kleair™ technology won the Cosmetics & Toiletries Allē Award in the Sun/Light Protection category on September 28, 2022. This recognition marks the second award for Solésence in Q3. Kleair™ enhances mineral-based sun care accessibility for all skin tones and new product formats, supported by a recent patent grant in Korea. Consumer interest in skincare innovations is high, with 87% willing to try products with added skincare benefits. This award highlights Nanophase’s commitment to innovative skin health solutions.

Nanophase Technologies Corporation (OTCQB: NANX) announced that its subsidiary, Solésence Beauty Science, will be the premier sponsor at the Mazur Group's Beauty Biz Roundtable on September 30, 2022, in Santa Monica, California. Solésence, returning for the third consecutive year, aims to share its award-winning Multi-Cultural Magic SPF 50+ formula. Kevin Cureton, COO, mentions the significance of fostering industry relationships through this event, which gathers senior executives for strategic discussions.

Nanophase Technologies Corporation (OTCQB: NANX) announced its subsidiary, Solésence Beauty Science, will exhibit at MakeUp in New York on September 14-15, 2022. This marks Solésence's first appearance at the event, where it will showcase innovative, inclusive, mineral-based beauty products, including the award-winning Multi-Cultural Magic SPF 50+. The announcement follows Solésence being named a finalist for Best Contract Manufacturer in the BeautyMatter NEXT Awards. Chief Operating Officer Kevin Cureton expressed enthusiasm for engaging with both current and potential brand partners at the show.