Image via California Nanotechnologies.
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  • California Nanotechnologies Corp. (CNO) announced record revenues of US$1,081,500 for the year ending February 28, 2022
  • Net income for was US$275,600 and EBITDA was US$479,992, both the highest in its history
  • California Nanotechnologies is involved in the production, as well as research and development of nanostructured components and materials for the aerospace, defense, automotive, and medical industries
  • California Nanotechnologies (CNO) is trading at $0.065 per share as of 11:20 a.m. ET

California Nanotechnologies (CNO) announced record revenues of US$1,081,500 for the year ending February 28, 2022, a 39 per cent increase from last year.

Net income was US$275,600, and EBITDA was US$479,992, the highest in company history.

Revenue for F2022 was associated with customers continuing to utilize the company’s Spark Plasma Sintering and Cryogenic Milling toll services for small- and large-scale R&D programs.

The company’s CEO, Eric Eyerman noted that this allowed the company into profitability for the first time.

California Nanotechnologies is involved in the production, as well as research and development of nanostructured components and materials for the aerospace, defense, automotive, and medical industries.

California Nanotechnologies (CNO) is trading at $0.065 per share as of 11:20 a.m. ET.

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