NanoXplore Inc (TSE:GRA) has released an update.
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NanoXplore Inc., a leading graphene company, has reported a significant surge in its annual and fourth-quarter revenues, achieving the highest sales, gross margins, and adjusted EBITDA in its history for the fiscal year 2024. Despite facing high interest rates, inflationary pressures, and a tight labor market, the company has successfully expanded its customer base for graphene powder and composites, contributing to its strong financial performance. NanoXplore’s optimistic outlook is supported by organic growth, margin expansion, and a robust balance sheet as it continues to execute its 5-year strategic plan.
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