Nanalysis Announces Second Quarter 2025 Results
CALGARY, AB, Aug. 28, 2025 /PRNewswire/ - Nanalysis Scientific Corp. ("the Company") (TSXV:NSCI) (OTCQX:NSCIF) (FRA: 1N1), a leader in portable NMR spectrometers and MRI technology for industrial and research applications announces second quarter results for the period ending on June 30, 2025. Chief Executive Officer Sean Krakiwsky and Chief Financial Officer Randall McRae will host a conference call at 5 P.M. Eastern Time today to discuss the results. A second call will be held for European investors at 8:30 A.M. Eastern Time tomorrow, Friday, August 29th. All interested parties are invited to join these calls. All dollar figures in this press release are in thousands of Canadian dollars, except per share amounts or unless otherwise stated.
"The first half of 2025 has been challenging because of economic uncertainty caused by global tariff and trade conditions. The second quarter reflected lower product sales, which had a direct impact on our financial results," said Sean Krakiwsky, Founder and CEO of Nanalysis. "Even so, our cost reduction and efficiency measures have continued to support stronger margins in the scientific equipment business. In our security services segment, the team's focus on scheduling, logistics, and cost management has led to sequential margin improvement, and we expect these efforts will continue to benefit margins in the coming quarters.
"Our plan remains unchanged, we are focused on building a vertically integrated scientific instrumentation company, advancing our Benchtop NMR platforms, and strengthening our service business. Operational execution and efficiency will remain at the core of how we deliver results as we progress on the path to long-term profitable growth."
Financial highlights for the three months ended June 30, 2025:
Three months ended June 30
($000's)
2025
2024
Change $
Change %
Product sales
2,902
5,402
(2,500)
-46 %
Security services revenue
5,617
5,265
352
7 %
Flow-through inventory revenue
1,057
807
250
31 %
Total sales and revenue
9,576
11,474
(1,898)
-17 %
Gross margin percentage - product sales
61 %
50 %
11 %
Gross margin percentage - service revenue
10 %
10 %
0 %
Adjusted EBITDA
(462)
759
(1,221)
Normalized net loss (excludes impairment of assets)
(2,122)
(1,795)
(327)
-18 %
Net loss
(2,122)
(1,995)
(127)
-6 %
For the three months ended June 30, 2025, the Company reported consolidated revenue of $9,576, a decrease of $1,898 or 17% from the comparative period in 2024. This decline was primarily driven by lower product sales, as ongoing global economic uncertainty and tariff risks continued to constrain customer capital budgets. Within the security services segment, revenue increased modestly by 7% year-over-year.
Gross margin percentage for the three-month period ended June 30, 2025, on product sales was 61%, versus 50% for the three-month period ended June 30, 2024. Continuous improvement efforts have resulted in significantly improved margins over the prior year.
Security service gross margin percentage in the quarter was 10%, the same as in the prior year comparative period. The Company has initiated improvements in its processes to better manage cost of security services, including better scheduling, improving logistics processes and managing overtime and on-call hours. This has resulted in an improvement in margins of 4% over Q1 2025, and the Company expects to continue seeing margins improve for the remainder of the year.
Adjusted EBITDA (loss) for the three months ended June 30, 2025, was ($462) versus an Adjusted EBITDA profit of $759 in the same period last year. This was primarily the result of a drop in scientific equipment sales in the quarter.
Net loss was $2,122 for the second quarter of 2025, which is $127 higher than the same period in 2024. The increase in net loss was due to lower revenues from scientific equipment sales offset by lower depreciation, stock-based compensation, and the fact that losses from associate are no longer recorded in the consolidated statement of loss and comprehensive loss due to the impairment of the Quad investment in 2024.
Financial highlights for the six months ended June 30, 2025:
Six months ended June 30
($000's)
2025
2024
Change $
Change %
Product sales
6,589
9,618
(3,029)
-31 %
Security services revenue
10,640
9,988
652
7 %
Flow-through inventory revenue
2,941
3,030
(89)
-3 %
Total sales and revenue
20,170
22,636
(2,466)
-11 %
Gross margin percentage - product sales
64 %
49 %
15 %
Gross margin percentage - service revenue
8 %
9 %
-1 %
Adjusted EBITDA
(282)
655
(937)
Normalized net loss (excludes impairment of assets)
(3,429)
(4,317)
888
21 %
Net loss
(3,429)
