NanoXplore Reports Q4 Earnings with Revenue Growth but Adjusted EBITDA Declines
NanoXplore reported fourth-quarter fiscal year 2026 revenue of CAD 33.9 million, a 7% increase from the prior year, driven by recovery in PACCAR and Volvo program volumes as well as new business initiatives. Revenue excluding tooling rose 17%, with product gross margin improving to 23%. However, adjusted EBITDA fell to CAD 1.9 million due to higher raw material costs linked to geopolitical tensions and delayed customer price increases. For fiscal year 2026 overall, NanoXplore recorded revenue of CAD 117.3 million compared with CAD 129 million in the previous year, while adjusted EBITDA dropped from CAD 6.1 million to CAD 1.93 million. The company ended June 30 with CAD 25 million in cash and total liquidity of CAD 30 million, including unused availability on its revolving credit facility. Looking ahead, management forecasts fiscal year 2027 revenue between CAD 130 million to CAD 140 million (growth of 11%–20%) with positive free cash flow. The company also expects to collect approximately CAD 8 million in tooling-related receivables during the next fiscal year and anticipates Volvo program launches, albeit delayed until fiscal 2028.
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Topics: adjusted_ebitda cash_flow future_forecast revenue_growth