A nanomaterials developer and commercial manufacturer and produces engineered nanomaterial products for diverse markets - sunscreens, personal care, architectural coatings, industrial coating ingredients &, plastic additives.
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TRANSFORMING THE BOUNDRIES OF PERFORMANCE, this phrase goes very well with Nanophase Technologies. The company is a industry-leading developer and commercial manufacturer of nanomaterials. Nanophase produces engineered nanomaterial products for a variety of diverse markets: personal care, sunscreens, abrasion-resistant applications, environmental catalysts, antimicrobial products, and a variety of ultra-fine polishing applications, including semiconductor wafers, hard disk drives, and optics.
The company has two distinct and patented processes with a focus on nanotechnology for the preparation and commercial manufacturing of nanopowder metal oxides. The company has developed a process, Discrete Particle Encapsulation, to coat the surface of its nanoparticles with a thin polymeric shell that enables compatibility of the particles with a wide variety of fluids, resins and polymers. Its products are available as nanoparticles, surface-treated nanoparticles and stable nanoparticle dispersions in aqueous or organic media, providing customers with nanomaterials in readily usable forms.
The company recently reported all time high revenues in the third quarter of 2006 with a significant growth in the gross margins, primarily due to favorable product mix. Additionally, because of the cost controls in the selling, general and administrative expenses the company reported the smallest operating loss ever. This shows that the company is heading towards a right direction with revenue growths and cost cutting that will ultimately increase the cash flows and meet the break-even point very soon.
Looking at the company’s business model, which revolves around its strategic partnerships with companies like BASF and Rohm and Haas Electronic Materials, a strong order book is maintained envisaging no concern for business in the future. The company has research and development and manufacturing facilities, allowing it to develop and supply nanomaterials ranging from grams to metric tons. Additionally due to its modular processes and state-of-art infrastructure there is ample room for expansion and the company is eying a 100% revenue growth with minimal additional cost.
Nanophase Technologies is scaling new heights quarter-on-quarter as it reported the highest quarterly revenue in the company's history, and the company's ninth consecutive quarter of record annual quarter-over-quarter revenues in the first quarter of 2007. Nanophase Technologies Corporation, a technology leader in nano-materials and advanced nano-engineered products, recently announced that first quarter 2007 reported 45% year-over-year growth in the revenues as compared with first quarter 2006. The first quarter results have given a head start to the company in the fiscal 2007.The company’s major customer BASF has forecasted that the sunscreen and personal care markets are expected to grow by double-digit percentage in 2007. Additionally BYK Chemie, company’s market partner for coatings, plastics, and inks continues to rapidly expand its customer base and jointly with Nanophase to develop new applications for these markets. Based on BYK Chemie forecast, it is expected that nano-materials dispersions for these markets could be one of Nanophase's strongest revenue growth areas during 2007 to 2009. Moreover the company’s market partner Rohm and Haas Electronic Materials, CMP Technologies, placed an annual order with Nanophase during this quarter, the company received an annual order from customers for DNA biosensors, which increase 25% year-over-year and its primary customer for architectural coatings continues to roll out its product. Looking at the prospects that Nanophase has in the future it can be expected that the company will continue its wining streak and continue to deliver robust revenue growth and margin improvements in the future. As the company puts forth a solid growth performance, its investors are expected to gain more and more confidence in the company, taking its share price to new heights.
Yeah right:
Let me know when they finally make a profit. (My prediction: when pigs fly and hell freezes over) The VP for research is a complete charletan and BS artist. Invest at your own peril.
I like it at the current $3.20 price. Get for a 20% bounce in a market rally if nothing else. Holding very tight at $3.20.