NEXE Innovations Announces Financial Results for the Three Months Ended February 28, 2025
NEXE Innovations reports strong Q3 2025 financial results, highlighting the delivery of over one million compostable coffee pods to partners across Canada and the U.S. The company maintains a robust financial position with $10.3 million in cash and $3.03 million in term deposits and GICs, with minimal debt of $378,252.
Revenue reached $173,721 in Q3 2025, more than doubling from Q2 2025. The company secured four new partnerships, including ecoBeans, Bridgehead Coffee, EKOCUPS, and a North American distributor. NEXE's patent-protected technology features a unique French press-style extraction system and contains no microplastics.
Currently focusing on the Canadian market while developing U.S. expansion strategies, NEXE is also advancing its Nespresso-compatible pods expected to launch later in 2025. The company's Windsor facility maintains operational readiness with flexible scaling capacity and continues to build its production team for multiple daily shifts.
NEXE Innovations presenta risultati finanziari solidi per il terzo trimestre del 2025, evidenziando la consegna di oltre un milione di cialde di caffè compostabili ai partner in Canada e negli Stati Uniti. L'azienda mantiene una posizione finanziaria solida con 10,3 milioni di dollari in contanti e 3,03 milioni in depositi a termine e GIC, con un debito minimo di 378.252 dollari.
I ricavi hanno raggiunto 173.721 dollari nel terzo trimestre del 2025, più che raddoppiando rispetto al secondo trimestre dello stesso anno. L'azienda ha siglato quattro nuove partnership, tra cui ecoBeans, Bridgehead Coffee, EKOCUPS e un distributore nordamericano. La tecnologia brevettata di NEXE presenta un sistema unico di estrazione in stile French press e non contiene microplastiche.
Attualmente focalizzata sul mercato canadese e allo stesso tempo impegnata nello sviluppo di strategie di espansione negli Stati Uniti, NEXE sta anche perfezionando le sue capsule compatibili con Nespresso, il cui lancio è previsto per la fine del 2025. Lo stabilimento di Windsor mantiene la sua operatività con una capacità di scalabilità flessibile e continua a rafforzare il team di produzione per turni multipli giornalieri.
NEXE Innovations reporta sólidos resultados financieros en el tercer trimestre de 2025, destacando la entrega de más de un millón de cápsulas de café compostables a socios en Canadá y Estados Unidos. La compañía mantiene una posición financiera sólida con 10,3 millones de dólares en efectivo y 3,03 millones en depósitos a plazo y GIC, con una deuda mínima de 378.252 dólares.
Los ingresos alcanzaron los 173.721 dólares en el tercer trimestre de 2025, más del doble que en el segundo trimestre del mismo año. La empresa aseguró cuatro nuevas alianzas, incluyendo a ecoBeans, Bridgehead Coffee, EKOCUPS y un distribuidor norteamericano. La tecnología patentada de NEXE presenta un sistema único de extracción estilo prensa francesa y no contiene microplásticos.
Actualmente enfocada en el mercado canadiense mientras desarrolla estrategias de expansión en EE. UU., NEXE también avanza en sus cápsulas compatibles con Nespresso, cuyo lanzamiento está previsto para finales de 2025. La planta de Windsor mantiene la operatividad con capacidad de escalado flexible y continúa fortaleciendo su equipo de producción para múltiples turnos diarios.
NEXE Innovations는 2025년 3분기 강력한 재무 실적을 보고하며, 캐나다와 미국 전역의 파트너들에게 100만 개 이상의 분해성 커피 캡슐을 공급했다고 밝혔습니다. 회사는 1,030만 달러의 현금과 303만 달러의 정기예금 및 GIC를 보유하며, 37만 8,252달러의 최소 부채를 유지하는 견고한 재무 상태를 유지하고 있습니다.
2025년 3분기 매출은 17만 3,721달러로 2분기 대비 두 배 이상 증가했습니다. 회사는 ecoBeans, Bridgehead Coffee, EKOCUPS 및 북미 유통업체 등 4개의 신규 파트너십을 확보했습니다. NEXE의 특허 기술은 독특한 프렌치 프레스 스타일 추출 시스템을 특징으로 하며 미세플라스틱이 포함되어 있지 않습니다.
현재 캐나다 시장에 집중하면서 미국 확장 전략을 개발 중인 NEXE는 2025년 말 출시 예정인 네스프레소 호환 캡슐도 개발 중입니다. 윈저 공장은 유연한 확장 능력을 갖추고 있으며, 다중 교대 근무를 위한 생산팀도 계속 확충하고 있습니다.
NEXE Innovations annonce de solides résultats financiers pour le troisième trimestre 2025, soulignant la livraison de plus d'un million de capsules de café compostables à ses partenaires au Canada et aux États-Unis. L'entreprise maintient une position financière robuste avec 10,3 millions de dollars en liquidités et 3,03 millions en dépôts à terme et GIC, avec une dette minimale de 378 252 dollars.
Le chiffre d'affaires a atteint 173 721 dollars au troisième trimestre 2025, plus que doublé par rapport au deuxième trimestre 2025. La société a conclu quatre nouveaux partenariats, notamment avec ecoBeans, Bridgehead Coffee, EKOCUPS et un distributeur nord-américain. La technologie brevetée de NEXE comprend un système d'extraction unique de type French press et ne contient pas de microplastiques.
Actuellement concentrée sur le marché canadien tout en développant des stratégies d'expansion aux États-Unis, NEXE fait également progresser ses capsules compatibles Nespresso, dont le lancement est prévu pour la fin de 2025. L'usine de Windsor reste opérationnelle avec une capacité de montée en charge flexible et continue de renforcer son équipe de production pour plusieurs équipes quotidiennes.
NEXE Innovations meldet starke Finanzergebnisse für das dritte Quartal 2025 und hebt die Lieferung von über einer Million kompostierbarer Kaffeekapseln an Partner in Kanada und den USA hervor. Das Unternehmen verfügt über eine solide Finanzlage mit 10,3 Millionen US-Dollar in bar und 3,03 Millionen US-Dollar in Festgeldern und GICs bei minimalen Schulden von 378.252 US-Dollar.
Der Umsatz erreichte im dritten Quartal 2025 173.721 US-Dollar und hat sich damit im Vergleich zum zweiten Quartal 2025 mehr als verdoppelt. Das Unternehmen sicherte sich vier neue Partnerschaften, darunter ecoBeans, Bridgehead Coffee, EKOCUPS und einen nordamerikanischen Distributor. Die patentierte Technologie von NEXE verfügt über ein einzigartiges French-Press-Extraktionssystem und enthält keine Mikroplastik.
Derzeit konzentriert sich NEXE auf den kanadischen Markt und entwickelt gleichzeitig Expansionsstrategien für die USA. Zudem arbeitet das Unternehmen an Nespresso-kompatiblen Kapseln, deren Markteinführung für Ende 2025 geplant ist. Die Produktionsstätte in Windsor ist betriebsbereit mit flexibler Skalierungskapazität und baut weiterhin ihr Produktionsteam für mehrere Schichten pro Tag aus.
- Delivered over 1 million pods to partners with repeat orders from existing customers
- Strong cash position of $10.3M plus $3.03M in term deposits/GICs
- Minimal debt of only $378,252 (interest-free government loan)
- Q3 2025 revenue more than doubled compared to Q2 2025
- Secured four new partnerships including a multi-year manufacturing agreement
- Patent-protected technology for coffee extraction
- Working capital of $12.9M as of Feb 2025
- Quarter-over-quarter revenues expected to fluctuate due to tariffs and geopolitical risks
- Limited current focus on Canadian market while U.S. strategy is still in development
- Capital expenditure of $179,777 in Q3 with $1.3M in total commitments
- Q3 2025 revenue of $173,721 still relatively small compared to market size
- Nespresso-compatible pods still in testing phase, not yet launched
WINDSOR, Ontario, April 29, 2025 (GLOBE NEWSWIRE) -- NEXE Innovations Inc. ("NEXE", the "Company", "we", "us" or "our") (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce its financial results for the three-month period ended February 28, 2025 ("Q3 2025").
We at NEXE Innovations are pleased with the milestones achieved in 2024 and what we believe are the transformative opportunities ahead. As of April 22, 2025, NEXE has delivered over one million pods to our partners, demonstrating continued interest in our products across Canada and the U.S. We are currently focusing our sales efforts on the Canadian market while also advancing our U.S. expansion strategy to better serve customers in that market. The U.S. is the largest market for Keurig*-compatible pods, with a market size of ~20 billion pods annually1,2.
NEXE is working towards a strategy it believes will help mitigate tariff and geopolitical risks. Despite the increased uncertainty around the market environment, the feedback received from customers for the NEXE BPI-certified compostable pods has to date been positive. NEXE aims to provide a high-quality coffee pod that in our view delivers better tasting coffee at a price that is competitive with plastic alternatives. What we believe makes the NEXE pod stand out is its patent-protected extraction and pod structure, which is designed to extract coffee in a manner similar to a French press, due to a faceplate within the pod that compresses the coffee during brewing. The pod contains no microplastics and is intended to be more environmentally friendly than the non-compostable pods currently on the market. The partners we currently work with are driving repeat orders and management believes that, as product awareness increases, demand for our product will grow. Our diverse customer base spans multiple channels, including retail, office coffee services (OCS), and e-commerce, which we believe enables us to reach distinct audiences and broaden our market penetration. Simultaneously, we are onboarding additional customers for our K-Cup-compatible products, ensuring a pipeline for continued growth. We also remain focused on advancing our next-generation compostable Nespresso** OriginalLine pods and developing products which we believe will disrupt other industries where sustainable alternatives are an ideal solution.
NEXE continues to exercise disciplined capital management given the increased market volatility. NEXE currently maintains a strong cash position that we believe is sufficient to support our business strategy for the next two years. At the end of Q3 2025, our total cash position is
"Surpassing our first million BPI-certified compostable pods is an important milestone that we believe reflects consumers and partners interest in alternatives to plastic," stated Ash Guglani, President and Co-founder of NEXE, "With a patent-protected technology which is designed to brew coffee in a manner similar to a French press, and the momentum we believe we are building through our partnerships, we believe NEXE is well positioned to expand its presence in the coffee market."
Q3 2025 Results:
Q3 2025 was a milestone quarter for NEXE as we surpassed one million pods sold and our revenues more than double compared to Q2 2025. We announced four partnerships, including one that has signed a multi-year master manufacturing agreement. Currently we are focusing on building our sales in Canada as we develop our U.S. strategy and explore the possibility of establishing an operational footprint in that market. We continue to work with two customers on testing and sampling the Nespresso OriginalLine pods and management anticipates a potential rollout of these pods later this calendar year.
With our coffee segment now in revenue mode, we are also increasing our efforts to build out additional segments. We believe the proprietary resin we developed in connection with the creation of our coffee pods has the potential to help develop additional products to disrupt different industries. NEXE is already in conversations with key decision makers in other industries and has been developing and testing prototypes.
Financial
- NEXE has a strong cash position to help execute its plans. As of February 28, 2025, the Company had working capital of
$12,901,201 (May 31, 2024 -$12,836,802) with cash and cash equivalents that totaled$10,248,578 (May 31, 2024 -$8,048,712) and investments in term deposits and a GIC totaling$3,030,000 and$3,040,000 respectively. Debt is minimal at$378,252 related to an interest free government loan. - Going forward, the Company is also expected to have lower capital expenditures. During the three months ending February 28, 2025, NEXE's capital investments amounted to
$179,777. At the end of February 28, 2025, total commitments stand at$1.3 million .
Sales and Product
- Revenue in Q3 2025 was
$173,721 (Q3 2024 –$24,927) . NEXE has entered four different partnerships starting with ecoBeans in mid-November, Bridgehead Coffee, EKOCUPS, and a North American distributor specializing in retail, office coffee services (OCS), and hospitality sectors. With the increased volatility around tariffs and geopolitical risks, it is expected that quarter-over-quarter revenues will fluctuate. However, in our view, we have a strong pipeline in Canada and will focus our sales efforts on Canada as we work on our U.S. strategy. - NEXE is working with two customers on testing the Nespresso** OriginalLine compostable pods. We expect to launch these pods later in the calendar year 2025.
- NEXE continues to invest in R&D and is working on additional sustainable products targeting various industries. We believe there are various industries where our proprietary resin may be an ideal fit and where the total addressable market is bigger than that of the coffee pod market.
Operational
- NEXE has the operational footprint and key equipment to hit the targeted capacity required for compostable coffee pods forecasted for the next year. The current finished goods capacity aligns with expected production for the next several months and will be continuously adjusted. Scaling finished goods' capacity is flexible and requires minimal investments, such as larger molds or additional staff.
- NEXE has built a lean production team in Windsor and is expected to continue to hire as production ramps up and run multiple daily shifts. In response to the current tariff situation, NEXE has taken steps to adjust its operations and remains focused on prudent cash management.
The Company's Q3 2025 financial statements and related management's discussion and analysis are available on NEXE's SEDAR+ profile at www.sedarplus.ca and the Company's website at www.nexeinnovations.com.
*NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Keurig®. Keurig® is a registered trademark of Keurig Dr Pepper Inc.
**NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Nespresso®. Nespresso® is a registered trademark of Société des Produits Nestlé S.A
About NEXE Innovations Inc.
NEXE Innovations is focused on providing innovative compostable material solutions and packaging to the B2B segment to help businesses achieve their sustainability goals. NEXE Innovations has developed a proprietary and patented compostable material that can withstand heat, pressure, and water. Our flagship product, the NEXE Pod, a BPI-certified compostable coffee pod, showcases our material's durability and is an ideal substitute for plastic. The NEXE pod is compatible with major coffee brewing machines and is manufactured at NEXE's vertically integrated facility based in North America. Discover our innovative approach to sustainability at www.nexeinnovations.com and join our journey on social media @nexeinnovations. #compostablecoffeepods #sustainability #greentech
On behalf of the Company:
Ash Guglani
President & Director
For investor relations contact:
Kam Mangat
VP, Investor Relations & Corporate Strategy
invest@nexeinnovations.com
Office +1-604-359-4725
Mobile +1-604-359-4742
For media relations contact: media@nexeinnovations.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this release are forward-looking statements or information, which include, but are not limited to, potential new revenue streams; the anticipated roll out of new products including the anticipated development of next-generation products; expected timing for customer production and receipt of revenue, the Company's potential cash position; consumer trends, industry innovation, the Company's use of working capital, consolidation of operations and the Company's overall business strategy, increases in production and revenue, the Company's long-term growth and development plans including expansion of the Company's sales efforts in Canada and the U.S., the onboarding of additional customers, management's expectations regarding its cash position to support its business strategy over the next two years, the Company's ability to maintain and grow its partnerships, the onboarding of additional customers, and the Company's ability to manage risks related to tariffs and geopolitical factors. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, the Company's ability to execute on its business strategy including the execution of master manufacturing agreements on terms acceptable to the Company, and those risks set out in the Company's management's discussion and analysis for year ended May 31, 2024 and the quarter ended February 28, 2025 under the headings "Risk and Uncertainties". Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include receipt of necessary approvals and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
1Keurig Dr Pepper, SEC Fillings, 10K 2023
2 Coffee Pods and Capsules Market in USA Size & Share Analysis, Mordor Intelligence, <https://www.mordorintelligence.com/industry-reports/united-states-coffee-pods-and-capsules-market#:~:text=USA%20Coffee%20Pods%20and%20Capsules%20Market%20Trends&text=As%20of%20April%
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