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April 12th, 2007
Nanophase Picks Up the Pace
At the beginning of the year, after Nanophase Technologies (Nasdaq: NANX) reported that its year-over-year revenues from 2005 to 2006 had increased 32%, I suggested that the company was finally on solid ground and that it appeared primed for growth. Well, the market apparently disagreed and instead issued a big, collective yawn. Since late January, the stock has barely budged and is trading about where it began the year ($6.16).
This could be about to change. Yesterday, the company announced its highest quarterly revenue in company history after bringing in almost $2.9 million. This represents a jump of 45% over 2006's first-quarter figures. Unfortunately, this is the only number management reported, so we don't know how much it was able to improve from last year's Q1 loss of $0.09 per share, if at all.
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