Joe Cross

Interactive Q&A: Joe Cross, President and CEO of Nanophase Technologies

As we have annual growth revenues averaging 30+% each year in 2005-2007, the Company has also grown gross margin. As a percent of sales, gross margin grew tenfold in 2005 over 2004. Gross margin further increased about 50% in 2006 over 2005 and grew to 26% of sales in 2007. Gross margin, and growth therein, drives profitability. With increasing revenues and gross margins, Nanophase will reach profitability in the near future. With over $50 million in NOL carry forward, Nanophase does not expect to pay taxes for a considerable period of time.