Welcome to our dedicated page for NANOPHASE TECHS news (Ticker: NANX), a resource for investors and traders seeking the latest updates and insights on NANOPHASE TECHS stock.
Nanophase Technologies Corp, traded as NANX on the OTC market, is a leading provider of nanomaterial technologies. Established in 1989, the company specializes in manufacturing and distributing engineered nanomaterials for various industries like surface finishing, coatings, personal care, plastics, and textiles. Headquartered in Romeoville, Illinois, Nanophase has manufacturing facilities in Burr Ridge, Illinois, certified under ISO standards. With a focus on customer applications, Nanophase continues to innovate and integrate nanotechnologies for commercial use.
Nanophase Technologies Corporation (OTCQB: NANX) will release its Third Quarter 2022 financial results on November 8, 2022, after market close. A conference call is scheduled for November 9, 2022, at 11:00 a.m. CST to discuss these results. The call will feature Jess Jankowski, President & CEO, and Kevin Cureton, COO. Participants must register to obtain dial-in details. The conference call will also be available via a listen-only webcast, accessible through the company's website.
Nanophase Technologies Corporation (OTCQB: NANX) announced that its Solésence Kleair™ technology won the Cosmetics & Toiletries Allē Award in the Sun/Light Protection category on September 28, 2022. This recognition marks the second award for Solésence in Q3. Kleair™ enhances mineral-based sun care accessibility for all skin tones and new product formats, supported by a recent patent grant in Korea. Consumer interest in skincare innovations is high, with 87% willing to try products with added skincare benefits. This award highlights Nanophase’s commitment to innovative skin health solutions.
Nanophase Technologies Corporation (OTCQB: NANX) announced that its subsidiary, Solésence Beauty Science, will be the premier sponsor at the Mazur Group's Beauty Biz Roundtable on September 30, 2022, in Santa Monica, California. Solésence, returning for the third consecutive year, aims to share its award-winning Multi-Cultural Magic SPF 50+ formula. Kevin Cureton, COO, mentions the significance of fostering industry relationships through this event, which gathers senior executives for strategic discussions.
Nanophase Technologies Corporation (OTCQB: NANX) announced its subsidiary, Solésence Beauty Science, will exhibit at MakeUp in New York on September 14-15, 2022. This marks Solésence's first appearance at the event, where it will showcase innovative, inclusive, mineral-based beauty products, including the award-winning Multi-Cultural Magic SPF 50+. The announcement follows Solésence being named a finalist for Best Contract Manufacturer in the BeautyMatter NEXT Awards. Chief Operating Officer Kevin Cureton expressed enthusiasm for engaging with both current and potential brand partners at the show.
Nanophase Technologies Corporation (NANX) has filed an 8-K following BASF's complaint in New Jersey, alleging a breach of exclusivity regarding a supply agreement. Nanophase's subsidiary, Solésence, was implicated in selling zinc oxide-based products. In response, Nanophase filed a Complaint for Declaratory Judgment in Cook County. Despite this legal conflict, management asserts confidence in their position, emphasizing that Solésence's intellectual property remains secure and will not hinder ongoing operations or growth potential. They remain hopeful for a negotiated resolution.
Nanophase Technologies Corporation (OTCQB: NANX) reported record Q2 revenue of $11.2 million, a 58% increase from $7.1 million in 2021. The Solésence division contributed significantly, achieving $7.1 million in revenue, up 58% YOY, while Personal Care Ingredients surged 86% to $3.3 million. The company has launched over 40 new products this quarter and consolidated its warehousing for better efficiency. With a focus on operational improvements and maintaining growth, Nanophase emphasizes high market demand and product differentiation.
Nanophase Technologies Corporation (OTCQB: NANX) will release its Second Quarter 2022 financial news after the market closes on August 17, 2022. An investor conference call is scheduled for August 18, 2022, at 10:00 a.m. CDT to discuss the financial results and provide a business update. The call will feature President & CEO Jess Jankowski and COO Kevin Cureton. As a leader in minerals-based health care solutions, Nanophase focuses on innovations that protect skin and aid in medical diagnostics.
Solésence Beauty Science announced the receipt of a patent in Korea for its innovative Kleair™ technology, enhancing the effectiveness of zinc oxide in mineral sunscreens. This patented formulation improves UV blocking performance and aesthetic appeal, making it suitable for diverse skin tones. The patent, granted to parent company Nanophase Technologies, covers the use of Kleair™ in various product types including creams, gels, and sprays. This innovation aims to enhance skin health and aligns with global health interests by providing superior protection against UV damage.
Nanophase Technologies Corporation (OTCQB: NANX) reported a record $8.2 million in Q1 2022 revenue, a 15% increase from $7.1 million in Q1 2021. Key highlights include a 29% YOY rise in Solésence revenue and a 70% increase in Active Pharmaceutical Ingredients sales. The company plans to exceed $40 million in revenue for 2022, supported by strong demand and 24 million in open orders. However, production constraints due to staffing issues pose challenges. The addition of 30 new team members aims to enhance operational capacity and support growth.
FAQ
What is the current stock price of NANOPHASE TECHS (NANX)?
What is the market cap of NANOPHASE TECHS (NANX)?
What does Nanophase Technologies Corp do?
When was Nanophase Technologies Corp founded?
Where is Nanophase Technologies Corp headquartered?
Is Nanophase Technologies Corp publicly traded?
What certifications do Nanophase Technologies Corp's facilities hold?
What industries does Nanophase Technologies Corp serve?
What is Nanophase Technologies Corp's focus?
Where are Nanophase Technologies Corp's manufacturing facilities located?
How has Nanophase Technologies Corp evolved over the years?
How can I contact Nanophase Technologies Corp's Investor Relations?
