CALIFORNIA NANOTECHS CORP - CANOF STOCK NEWS

California Nanotechnologies Corp. (TSXV: CNO) (OTC Pink: CANOF) reported record quarterly revenues of US$1,522,185 for Q2 2025, a 122% increase year-over-year. The company achieved an all-time high Adjusted EBITDA of US$808,970, up 177% from the previous year. Despite these positive results, Cal Nano recorded a net loss of US$655,031, primarily due to a non-cash charge related to share purchase warrants. The company's gross margin improved to 182%, up from 79% in the same period last year. Cal Nano has completed commissioning its new Santa Ana facility, which is expected to contribute to revenue from Q3 FY2025 onward. The company is focusing on reducing customer concentration risk and expanding its sales capabilities.

California Nanotechnologies Corp. (TSXV: CNO) (OTC Pink: CANOF) has commissioned a new 19,500-square-foot manufacturing facility in Santa Ana, California. The facility is now operational with a large MSP-5 Spark Plasma Sintering (SPS) machine and cryomills available for production. This expansion provides infrastructure for recently purchased equipment and space for potential production requirements, warehousing, and custom tooling.

The company has started running parts on the new MSP-5 machine for a green steel cleantech customer. Additional equipment, including multiple cryomills and a mid-sized SPS2000 machine, is expected to come online over time. Cal Nano has also added pre- and post-processing services and custom tooling manufacturing capabilities.

Cal Nano made a repayment of US$338,335 on its loan to Omni-Lite Industries Canada Inc., reducing the total outstanding loans to US$600,000.

California Nanotechnologies Corp. (TSXV: CNO) (OTC Pink: CANOF) has granted 1,300,000 incentive stock options to its employees, directors, and officers. The options were approved by the Board of Directors on July 25, 2024, with an exercise price of $0.83 CAD per share, matching the most recent closing price. These options will vest over three years and expire after five years, subject to TSX Venture Exchange requirements.

The grant includes specific allocations to key individuals: CEO Eric Eyerman received 375,000 options, Director Christopher Melnyk 320,000, Director Roger Dent 90,000, Director Sebastien Goulet 65,000, Director Enrique Lavernia 50,000, and Investor Relations Brandon Chow 25,000.

California Nanotechnologies (CANOF) reported record Q1 2025 revenues of US$1.75M, a 243% increase YOY. Net income surged to US$696K from US$35K, and adjusted EBITDA rose to US$754K from US$113K. Diluted EPS was $0.01. Revenue growth was driven by manufacturing programs and SPS equipment sales, despite higher overhead costs. The company's new Santa Ana facility is progressing and expected to boost future revenues. Financial highlights include a gross profit of US$1.15M and a gross margin of 66%. The company repaid US$50K of borrowings, further decreasing debt.

California Nanotechnologies (CANOF) has reported record annual revenue of $3.34 million for FY2024, marking a 142% increase from the previous year. Q4 revenues were $983,004, up 171% YOY. The company also reported a net income of $381,678, up from $79,764 last year, and adjusted EBITDA of $1.16 million, compared to $384,174 previously. Despite a quarterly net loss of $318,359, Cal Nano anticipates continued growth, with Q1/FY2025 expected to hit record revenues and profitability.

The company attributed its revenue growth to R&D manufacturing programs and sales of Spark Plasma Sintering (SPS) equipment. Cal Nano's new facility in Santa Ana is progressing well, with new equipment expected to be commissioned by August 2024. The company remains optimistic about FY2025, anticipating further significant growth.

California Nanotechnologies Corp. secures a cutting-edge SPS machine with a $300,000 down payment, enhancing manufacturing capabilities and opening new customer opportunities. The company aims to become a leader in SPS technology in North America, catering to industries like aerospace, cleantech, renewable energy, and industrials.

California Nanotechnologies Corp. (CANOF) announces a significant milestone in its production capabilities by signing a new lease for a 19,500 sq. ft. facility in Santa Ana, California. The expansion aims to meet growing market demands, enhance innovation, and cater to an expanding customer base.

California Nanotechnologies Corp. (CANOF) announced record quarterly revenues of US$1,159K, representing a 177% year-over-year increase. The company achieved an all-time high quarterly profitability with a net income of US$514K and adjusted EBITDA of US$427K. The balance sheet also strengthened with US$1,128K of cash on hand and positive working capital. The increase in revenue was attributed to R&D manufacturing programs, equipment deliveries, and the growth of the green steel cleantech customer. However, gross margin was slightly weaker due to lower margins on equipment sales. The company is also in the process of identifying potential new sites for its production facilities and headquarters.

California Nanotechnologies Corp. (TSXV: CNO) (OTC PINK: CANOF) announces corporate and operational updates, including robust R&D programs, expansion of manufacturing capacity, market expansion opportunities with European partners, and increased sales and debt reduction.