06:32 AM EDT, 09/17/2025 (MT Newswires) -- Graphene company NanoXplore ( NNXPF ) late Tuesday said Soroush Nazarpour will step down as chief executive officer at the company's annual meeting in December.

Current chief operating officer Rocco Marinaccio will succeed him as CEO.

Nazarpour will stand for re-election to remain on the board as vice chairman and founder and will continue to support the board and company as special advisor.

Separately, NanoXplore ( NNXPF ) Tuesday reported a fiscal fourth-quarter loss of $2.3 million, narrowing from a loss of $2.4 million in the year-ago period.

Total revenue fell 17% to $31.7 million from $38.1 million a year earlier, missing the consensus estimate of $33.6 million, according to FactSet.

Adjusted EBITDA stood at $2.5 million, relatively unchanged from a year ago.