Nanophase Reports First Quarter 2020 Financial Results
NANOPHASE TECHS CORP (NANX)
US:NASDAQ Investor Relations:
nanophase.com/investors-section/investors
Company Research
Source: GlobeNewswire
ROMEOVILLE, Ill., April 29, 2020 (GLOBE NEWSWIRE) -- Nanophase Technologies Corporation (OTCQB: NANX), a leader in minerals-based personal care ingredients and formulated products for protecting skin from environmental aggressors, such as UV light and pollution, today reported financial results for the first quarter period ended March 31, 2020. “Even with the struggles brought on by Covid-19 and the related quarantine, there are reasons for optimism for Nanophase and Solésence,” commented Jess Jankowski, President and CEO. “We continue to operate as an essential service, and have more than doubled our capacity for producing materials for medical diagnostic applications by reconfiguring our manufacturing floor, and intensely focusing our engineering efforts. We expect this capacity to help us deliver on expanded demand during the second quarter.” “In terms of revenue mix, our Personal Care Ingredients business was down slightly year-over-year, due to a reduction in demand, part
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