RE:Nanoxplore is aiming in the good direction just listened to the webcast replay.. the decision to reduce/pause efforts on VoltaExplore was made during Q4 which included several 100ks of engineering and design cost. Those cost will not reappear plus grant money will greatly offset recurring engineering/design cost so the drag from VoltaExplore will not be as significant (if at all) in the coming quarter(s). Expect Q1 to have less revenue than Q4 (seasonality of volumes) but better than Q1 2024. (ie YoY). Margins expected to improve YoY for each quarter, but in the order of 100-200 base points (so no huge margin improvement). Plant start up operations in the US not expected to affect negatively overall margins, although expect the usual higher cost due to ramp up etc.
CAPEX in the 12-15million range in 2025 year.