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Nanophase Technologies Corporation  (NANX)
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Nanophase Technologies's

Competitiveness


 

NANX Sales vs. its Competitors Q3 2023



Comparing the current results to its competitors, Nanophase Technologies reported Revenue decrease in the 3 quarter 2023 year on year by -22.19 %, faster than the overall decrease of Nanophase Technologies's competitors by -11.44 %, recorded in the same quarter.

List of NANX Competitors





Revenue Growth Comparisons




Net Income Comparison


Nanophase Technologies Corporation, slower than the average decrease reported by the company's competitors of -64.22 %. recorded a net loss and most of the company's competitors saw a decline in earnings by -64.22 %

<<  NANX Stock Performance Comparisons


Nanophase Technologies's Comment on Competitors and Industry Peers


Within each of our targeted markets and product applications, we face potential competition from advanced materials and chemical companies, and suppliers of traditional materials. In many markets, the actual or potential competitors are larger and more diversified than we are; however, we believe we focus in market segments and opportunities where our materials and related technologies are superior to those of our competitors, often due to our ability to produce highly engineered products to meet specific performance requirements and develop nanomaterial solutions for customers’ specific applications.

With respect to traditional suppliers, we may compete against lower priced traditional materials for certain customer applications. In some product or process applications the benefits of using nanomaterials do not always justify a process change or outweigh their frequently higher costs.


With respect to larger producers of nanomaterials, while many of these producers do not currently offer directly competitive products, these companies may have greater financial and technical resources, larger research and development staffs, and greater manufacturing and marketing capabilities, and could compete directly against us. In addition, the number of development-stage companies involved in nanocrystalline materials continues to grow on a global basis, posing increasing competitive risks. Many of these companies are associated with university or national laboratories and use chemical and physical methods to produce nanocrystalline materials. We believe that most of these companies are engaged primarily in funded research and not commercial production; however, they may represent competitive risks in the future. Some development-stage companies, especially in other countries, receive significant government assistance or enjoy other benefits due to their location. We anticipate that foreign competition will play a greater role in the nanomaterials arena in the future, something we are increasingly seeing today, albeit indirectly.

In addition to competition in the advanced materials and related markets, our Solésence ™ LLC subsidiary faces competition from a wide variety of offerings in the field of skin care. Solésence ™ competes with existing solutions as well as new solutions from a wide variety of sources, and must differentiate its value proposition in order to gain traction in this marketplace.

We believe that our nanomaterial technologies and manufacturing platforms are strong. We believe we are well-positioned with our platform of integrated commercial nanomaterial technologies and track record of technology improvement and evolution.



  

Overall company Market Share Q3 2023

Overall company, revenue fell by -22.19 % and company lost market share, to approximately 1.12 %.




<<  More on NANX Market Share.
 
*Market share is calculated based on total revenue.





Who are Nanophase Technologies Corporation's Competitors?




Liqtech International Inc
Share Performance



+537.40%
One Year



Liqtech International Inc
Profile

Liqtech International Inc's business model focuses on providing advanced filtration solutions for various industries, with a particular emphasis on clean technologies.

More about Liqtech International Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 17.093 mill. $ 17.775 mill. $ -8.571 mill.


Materion Corporation
Share Performance



+2.42%
30 Days



Materion Corporation
Profile

Materion Corporation operates as a global supplier of highly engineered advanced materials. The company focuses on developing, manufacturing, and marketing various materials, including precious and non-precious metals, as well as specialty alloys and inorganic chemicals. Materion serves a wide range of industries such as aerospace, defense, automotive, medical, and electronics by providing unique material solutions and technical expertise.

More about Materion Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,784.761 mill. $ 1,665.042 mill. $ 95.702 mill.


Livento Group Inc
Share Performance



0.00%
Over The Past 5 Days



Livento Group Inc
Profile

Livento Group Inc has a business model that revolves around providing a range of services and solutions to its clients.

More about Livento Group Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3.637 mill. $ 2.685 mill. $ 2.877 mill.


Sci Engineered Materials inc
Share Performance



+0.38%
30 Days



Sci Engineered Materials inc
Profile

Sci Engineered Materials Inc's business model involves the development and production of advanced materials through scientific engineering techniques.

More about Sci Engineered Materials inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 22.899 mill. $ 27.252 mill. $ 2.194 mill.


Viavi Solutions Inc
Share Performance



-1.56%
This Quarter



Viavi Solutions Inc
Profile

Viavi Solutions Inc operates as a provider of network testing, monitoring, and assurance solutions for telecommunications service providers, enterprises, and government entities. The company offers a range of products and services that help ensure the efficiency, performance, and security of network infrastructures.

More about Viavi Solutions Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,116.545 mill. $ 1,006.400 mill. $ -29.100 mill.



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