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Nanalysis Scientific Corp. is a leading provider of portable NMR machines and MRI technology for industrial and research applications. The company operates in two primary segments: Scientific Equipment and Security Services. In the Scientific Equipment business, Nanalysis develops and manufactures portable NMR spectrometers for laboratory and industrial markets. Their products are used in various industries and research labs globally. Recently, the company achieved significant revenue growth, introduced new innovative products, and expanded its Security Services business through a multi-million dollar government contract.
Nanalysis Scientific Corp. (NSCIF) released a corporate update on February 17, 2022, highlighting solid growth through 2021. The company reported annual revenues of approximately $16 million, a 103% increase year-over-year, and maintains gross margins of 63% to 65%. Key developments include the acquisition of K'Prime and Quad Systems, funded by a successful $15.2 million equity offering. Nanalysis aims to integrate these acquisitions and expand its sales channels, with CEO Sean Krakiwsky expressing confidence in continued growth in 2022 and beyond.
Nanalysis Scientific Corp. has successfully closed a public offering of common shares, raising $15,224,700.70. The company issued a total of 11,212,500 shares at a price of $1.10 per share, which includes shares from an over-allotment option. Additionally, 2,628,137 shares were issued through a private placement for $2,890,950.70. The funds will support sales, marketing, R&D, and potential acquisitions. The shares issued through the private placement are subject to a four-month hold period. Final acceptance by the TSX Venture Exchange is pending.
Nanalysis Scientific Corp. will provide a corporate update on February 17, 2021, followed by a conference call hosted by CEO Sean Krakiwsky and CFO Luke Caplette at 5:00 PM ET. Investors can join the call by dialing 1-877-451-6152 or through a webcast. The call will be archived for 90 days. Nanalysis specializes in portable MRI and NMR machines used in healthcare and industrial applications, aiming to capitalize on its proprietary technologies. The company trades under the ticker symbols NSCI on TSXV and NSCIF on OTCQX.
Nanalysis Scientific Corp. has announced a letter of intent to acquire Zurich-based Quad Systems AG, a company specializing in high-field Nuclear Magnetic Resonance (NMR) technology. This acquisition aims to enhance Nanalysis's market position and product offerings in the billion-dollar high-field NMR market. Nanalysis will invest CHF 6,500,000 for a 43% stake in Quad Systems and has provided a CHF 1,000,000 convertible loan. The merger is expected to create cross-selling opportunities and address market demands for innovation and efficiency in NMR technologies.
Nanalysis Scientific Corp. has successfully completed the acquisition of K'Prime Technologies Inc., focusing on scientific instrumentation across various sectors, including pharma and oil & gas. CEO Sean Krakiwsky emphasizes the integration of operations and enhancing sales across product lines. This acquisition aligns with Nanalysis's strategy to develop a fully integrated scientific instrumentation company worldwide. Nanalysis continues to innovate with portable NMR spectrometers and is expanding its market presence globally.
Nanalysis Scientific Corp. (OTCQX: NSCIF) has established a Scientific Advisory Board as of December 21, 2021, featuring four esteemed scientists, including Dr. Matt Rosen from Harvard Medical School. This move aims to enhance Nanalysis' R&D capabilities and drive innovation in magnetic resonance technology. The board will support the company's vision to leverage machine learning and AI for democratizing magnetic resonance applications in industries and medical imaging. CEO Sean Krakiwsky emphasizes the importance of staying connected to global scientific initiatives.
Nanalysis Scientific Corp. announced the appointment of Dr. René Lenggenhager to its Board of Directors effective January 1, 2022. Dr. Lenggenhager, a seasoned executive in global technology, will also invest $202,500 in the company through a private placement of 150,000 shares at $1.35 each. His extensive experience includes leadership roles in notable firms, focusing on high-precision technology. The investment aims to support working capital and enhance Nanalysis's product strategy in various industries. The offering is subject to TSX Venture Exchange approval and is expected to close by December 16, 2021.
Nanalysis Scientific Corp. (OTCQX: NSCIF) has announced a revised presentation time for the Fall Harvest Best Ideas conference, now scheduled from 11:30 to 12:00 ET on October 6-8, 2021. The presentation will be available via a live webcast with replay options. Management will also hold one-on-one meetings during this period, aiming to share operational updates and milestones. Nanalysis focuses on proprietary nuclear magnetic resonance (NMR) technologies, catering to various industries including oil and gas and pharmaceuticals.
Nanalysis Scientific Corp. (OTCQX:NSCIF) has announced its fall investor conference schedule with several key events planned.
It will present virtually at the Fall Harvest Best Ideas conference from October 6-8, followed by the LD Micro Main Event on October 12-13, where it will open the show.
The company will also attend the Capital Events Marketing conference in Scottsdale from October 22-24. Nanalysis aims to enhance investor engagement through one-on-one meetings during these events.
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