05:32 PM EDT, 09/18/2024 (MT Newswires) -- NanoXplore ( NNXPF ) after trade Wednesday reported higher fourth-quarter revenue and wider loss.

The graphene company's loss for the quarter stood at $2.4 million compared with $2 million a year ago. Total revenue rose 14% to $38.1 million from $33.3 million a year earlier.

"Growing our graphene and graphene-enhanced materials sales mix will continue to positively impact gross margins. We are in the second stage of our growth plan but our financials do not yet fully reflect the full potential upside graphene sales will bring. We are once again well-positioned for our next fiscal year and continue to execute on our five-year strategic plan initiatives," Chief Financial Officer Pedro Azevedo said.

The company's adjusted earnings before interest, taxes, depreciation, and amortization rose to $2.5 million compared with $526,140 a year ago. The company said its total liquidity as of June 30 stood at $36.5 million, including cash and cash equivalents of $26.5 million.

NanoXplore ( NNXPF ) shares closed up $0.08 to $2.40 on the Toronto Stock Exchange.