Friday 28 February 2025
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NEXE Innovations announces financial results for the three months ended November 30, 2024

"This quarter marks a pivotal moment for NEXE as we believe our efforts are beginning to translate into tangible revenues, driven by increasing demand from our recently announced partnerships," stated Ash Guglani, President and Co-founder of NEXE, "We remain focused on scaling coffee and expanding our footprint by exploring new markets and verticals where we believe our proprietary resin can deliver sustainable solutions. The momentum from our partnerships, coupled with our ongoing R&D advancements, positions us to unlock additional revenue opportunities and drive long-term growth"

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WINDSOR, ON, Canada – NEXE Innovations Inc., a compostable and innovative materials company, announced its financial results for the three-month period ended November 30, 2025 (“Q2 2025”). “Fiscal Q2 2025 was a milestone quarter for NEXE” says the company. “In the quarter we announced three partnerships and since then, all three partnerships are driving repeat orders, with increasing order volumes reflecting strong market demand.

The customer base spans multiple channels, including retail, office coffee services (OCS), and e-commerce, enabling us to reach distinct audiences and broaden our market penetration.

Simultaneously, we are onboarding additional customers for our K-Cup-compatible products, which we believe will help ensure a robust pipeline for continued growth. We also remain focused on advancing our next-generation compostable Nespresso OriginalLine pods, with sampling efforts underway for two customers, and we anticipate rolling out these pods later this year.

The three partnerships were announced in the second half of November. The revenue generated in the quarter of $70,754 reflects a partial month of production.

As we work with our new customers on transitioning SKUs to the NEXE BPI-certified compostable coffee pod, we expect that quarter-over-quarter results will fluctuate. However, we do expect annual 2025 revenues to be higher than 2024 as we onboard new customers and expand SKUs/offerings to existing clients.

The sales cycle is long – and the initial outreach to the partnerships we announced in Q2 2025 started many quarters ago. The partnerships include:

ecoBeans: A West Coast brand available in retail locations and the Office Coffee Services space (OCS).

Bridgehead Coffee: An established premium coffee company in Ontario with over 40 years of history. This company transitioned from another compostable pod to our NEXE pod. Bridgehead works with well-known retail and grocery chains, including Costco, Whole Foods, Sobey’s, and Farm Boy. Bridgehead has entered into a multi-period master manufacturing agreement with NEXE.

EKOCUPS: A high-volume online seller and Amazon retailer. This partnership will allow us to expand in the U.S. and build a strong foothold in the largest single-serve market. ~40 million U.S. households own a K-Cup compatible single-serve brewing system.”

“This quarter marks a pivotal moment for NEXE as we believe our efforts are beginning to translate into tangible revenues, driven by increasing demand from our recently announced partnerships,” stated Ash Guglani, President and Co-founder of NEXE, “We remain focused on scaling coffee and expanding our footprint by exploring new markets and verticals where we believe our proprietary resin can deliver sustainable solutions. The momentum from our partnerships, coupled with our ongoing R&D advancements, positions us to unlock additional revenue opportunities and drive long-term growth”.

“Through our R&D efforts to develop a compostable coffee pod that could withstand unique obstacles of withstanding heat, water, and pressure during the brewing process, resulted in an incredible breakthrough in our proprietary resin,” concludes the company.

“In our view, this positions NEXE to potentially expand into industries where a sustainable solution would be the ideal replacement for plastic. We are exploring verticals with significant total addressable markets. To support these efforts, we are currently building prototypes that showcase our capabilities to key decision makers in specific industries. We believe these advancements may have the potential to open up new revenue-generating opportunities that we had not previously considered.”

CIMBALI

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