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California Nanotechnologies Corp, known as Cal Nano, is a leader in advanced material science based in Los Angeles, California. The company focuses on R&D manufacturing programs utilizing spark plasma sintering (SPS) and cryomilling technologies. Notably, Cal Nano recently achieved record quarterly revenues, demonstrating significant growth and profitability. The company's strategic expansion includes acquiring a new SPS machine, positioning them as the first in North America to utilize cutting-edge technology for advanced materials manufacturing. With a strong customer base, innovative projects, and a commitment to growth, Cal Nano continues to push the boundaries of material science and product innovation.
California Nanotechnologies Corp. (CANOF) reported revenue of $168,155 for Q2 FY2022, down from $287,768 in Q2 FY2021. EPS remained nil for both quarters. During this period, an increase in thermoelectric customer orders raised the value of production orders from $245,000 to $290,000. The company expects to fulfill its backlog while preparing for a strong third quarter. Financial results are available on SEDAR and the company’s website.
California Nanotechnologies Corp announced record revenue of $206,370 for Q1 FY2022, marking its largest revenue in history for the quarter, amidst pandemic challenges. EPS remained nil for both Q1 FY2021 and Q1 FY2022. The increase in revenue is attributed to ongoing work with thermoelectric customers and military research labs. The company is preparing for further development, with requests for additional wafer deliveries, positioning itself for strong performance as pandemic recovery progresses.
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