NanoXplore Inc. (TSX: GRA | OTCQX: NNXPF), a Montréal-based graphene company, reported total revenues of $117,276,309 for the fiscal year ended June 30, 2026, representing a 9% decline from $128,918,388 in the prior year. The company recorded a full-year net loss of $11,827,981 and Adjusted EBITDA of $1,922,206. Despite the revenue contraction, management issued fiscal 2027 revenue guidance of between $130 million and $140 million, citing a $35 million pipeline of graphene-enhanced solutions business and new high-margin market opportunities investors may be watching closely.

Key Points

  • NanoXplore Inc. (TSX: GRA | OTCQX: NNXPF) reported fiscal year 2026 and Q4 2026 financial results on September 15, 2026.
  • Full-year revenues fell 9% year-over-year while Q4 revenues rose 7% to approximately $33.9 million.
  • Total liquidity stood at $30,048,438, including cash of $25,048,438, as at June 30, 2026.
  • Fiscal 2027 revenue guidance of $130M–$140M and fiscal 2028 guidance of $160M–$170M were issued alongside a positive free cash flow target for fiscal 2027.

Q4 and Full-Year 2026 Financial Performance at NanoXplore

In the fourth quarter, NanoXplore generated revenues of $33,905,991, up 7% from $31,685,923 in the same quarter last year, while the quarterly net loss narrowed to $1,568,324 from $2,295,472. Adjusted EBITDA for Q4 was $1,908,431 compared to $2,475,379 a year earlier. For the full fiscal year, adjusted gross margin on customer revenues declined to 21.3% from 22.3%, and total long-term debt reached $10,554,435 as at June 30, 2026, rising by $6,241,511 from the prior fiscal year-end. Both non-IFRS measures were reconciled in the company's overall results section.

VoltaXplore Refocused on Defence and UAV Battery Markets

NanoXplore's wholly owned battery subsidiary, VoltaXplore Inc., underwent a strategic repositioning during fiscal 2026, shifting away from electric-vehicle applications toward defence and dual-use platforms, including UAVs, UGVs, and portable electronics serving Canadian and U.S. defence customers. The company cited growing demand for domestically produced cells driven by trade and geopolitical developments. VoltaXplore operates a 1 MWh cylindrical cell production facility in Montréal and has executed letters of intent with module and pack manufacturers. Federal support through Natural Resources Canada and the National Research Council's IRAP program remains active.

Graphene Commercial Pipeline Advances Across Foams, Films, and Drilling Fluids

NanoXplore highlighted several active commercialisation streams. Its insulating foam programme with a Fortune 500 partner is targeting plant trials in early 2027, with one customer intending to purchase approximately 1,000 MT per year of masterbatch at a 30% graphene loading. A letter of intent was also signed with a global polyurethane foam material supplier. In plastic films, the company's D-Series graphene demonstrated more than 70% improvement in mechanical strength in partnership with Techmer PM LLC, with graphene orders anticipated in the second half of fiscal 2027. The NanoSlide™ drilling fluid additive, marketed through Chevron Phillips Chemical, remains in customer qualification following an early setback.

Strategic Investment Plan Completed; CSPG Initiative Abandoned

NanoXplore confirmed completion of its November 2022 strategic investment plan during Q4 fiscal 2026, including the launch of a new Statesville, North Carolina plant in September 2025. Separately, the company formally abandoned its active anode materials and coated spherical purified graphite initiative in January 2026, citing reduced financial viability and the inability to secure binding customer agreements. Management stated this decision avoids an estimated $100 million investment while the company continues exploring alternative North American sources of waste-stream graphite for its dry-process graphene programme.