The following is a summary of the NanoXplore Inc. (NNXPF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• NanoXplore reported Q3 revenue of $33.9 million, up 7% from Q3 2023.

• The company's gross margin increased from 18.3% to 20.9% year-over-year, due to improved manufacturing efficiencies and a shift towards a higher-margin product mix.

• The adjusted EBITDA in the Advanced Materials, Plastics & Composite Products segment was $1.26 million, and a negative $688,000 in the battery cell segment.

• As of the end of Q3, the company had cash and cash equivalents of about $29.8 million.

Business Progress:

• NanoXplore continues to see strong demand for its graphene-enhanced composite products, and is investing heavily in new equipment to boost production capacity.

• The company is also pursuing a strategic investor for its VoltaXplore project, which focuses on graphene-enhanced batteries. While awaiting investor involvement, they continue to validate their products and develop new production methods.

• NanoXplore is developing a high-performance, graphene-enhanced silicon product to tap new market opportunities, though this requires individual customer validations.

• The company anticipates a shift towards high silicon content batteries and continues to cooperate with partners to achieve this.

• In terms of power requirements, Nano needs around 10 megawatt hour and Volta requires 20 megawatt hour. Applications for these have been submitted to Hydro-Quebec.

• The capital expenditure for forthcoming investments is expected to be divided roughly between the U.S. and Canada, with about $1 million per quarter allocated to Canadian activities.

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