Q: What are your thoughts on Nano:ca
5i Research Answer:
NANO is $71M market cap, getting smaller after a 61% one-year decline and a 21% YTD decline. It has $7M cash. Revenue remains minimal but is expected to climb this year and next. Losses and negative cash flow continue. It recently received $12M in government funding. With emerging technologies, we need to look at third-party endorsement, and this usually is best with actual sales. We are not there yet. Sales were $0 in 2024. Considering its weak performance, likely need for more capital, its small size and (mostly) the horrible overall market backdrop, we doubt it is a stock to own in the current environment.