Nanophase achieves record revenue; growth estimated at 45%

Apr. 13, 2007 — Nanophase Technologies has “pre-announced” record revenue for the first quarter of 2007, even though its intake of $2.9 million was below consensus of $3.1 million.

The WR Hambrecht + Co financial services firm is increasing its 2007 revenue growth estimate for Nanophase to 45% (up from 40%) to match the actual revenue growth experienced in the first quarter. “Nanophase is making progress but we do not see profits in 2007 or 2008,” says Hambrecht. “We believe the business model works, but only at a higher revenue level.”

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.