Nanophase Technologies Aktie

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NANX Sees Q3 Rev Growth of 85% to $1.3M Ridgeland, MS, OCT 02, 2002 (EventX/Knobias.com via COMTEX) -- Nanophase Technologies Corporation (NasdaqNM: NANX) announced in a press release today expected revenues for the third quarter of 2002. NANX said its third quarter 2002 revenue was approximately $1.3 million. The Company was notified of a major, unexpected schedule change from its primary customer in personal care and sunscreen products during the last week of the quarter that reduced third quarter planned shipments by approximately $318,000. Joseph Cross, Nanophase's president and CEO stated: "Even with the schedule change and delayed shipments, third quarter 2002 revenue increased by approximately 85% over the third quarter of 2001, which demonstrates solid revenue growth. Year-to-date through the first three quarters, 2002 revenues are approximately 54% above the same period in 2001. Moreover, through the first three quarters of 2002, the Company has achieved revenue of approximately $4.3 million, or about 7% greater than the revenue for all of 2001." GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by 10 minutes. To get all Knobias alerts in real-time daily, visit www.knobias.com/cmtx ABOUT KNOBIAS: Knobias is a financial information provider serving retail investors and trading professionals. Knobias collects and maintains real-time and historical market intelligence on all U.S. securities, with special emphasis on Over-the-Counter (OTC) stocks. Knobias provides customers with two core products: 1. Knobias FUNDAMENTALS: A comprehensive web-based database of fundamental research covering thousands of U.S. securities; 2. Knobias RAiDAR: A web-based desktop application that delivers thousands of real-time, intraday alerts daily. RAiDAR alerts include real-time news, filings, trading alerts, earnings alerts, coverage alerts and critical corp actions. KNOBIAS DISCLAIMER: Knobias has received no compensation from the Company or Companies mentioned in this story. Knobias is not a registered broker-dealer, nor investment advisor, and does not endorse or recommend any securities mentioned. This story is provided for informational purposes only and is not intended for trading purposes. Knobias shall not be liable for any actions taken in reliance of any information provided herein. Republication or redistribution of Knobias content is expressly prohibited without prior written consent of Knobias.com, LLC.