In other news, Nanophase announced their Q1 results last week. Losses have narrowed quite a bit here as their white label business seems to be gaining traction. Sales to BASF still stalled out, but this white label business could actually give them a path to profitability, against all odds. The crisis has maybe helped them bridge their funding gap to profitability as they were able to take out $1m of forgivable loans.
Going back through an old presentation of theirs, their sunscreen customers in 2011 included Coppertone, Olay, and Blue Lizard.
ANO Price at posting:
$4.45 Sentiment: Buy Disclosure: Held
