Nanophase reports record revenue in quarter

ROMEOVILLE - Nanophase Technologies Corp. said its fiscal year first quarter revenue of $8.2 million was a record, as sales in its Active Pharmaceutical Ingredients business segment were up 70% over the prior year quarter.

Nanophase makes ingredients for manufacturers of skin-care products, as well as scientifically-driven health care solutions across beauty and life science categories.

"While supply chain challenges - particularly related to specialty ingredients and packaging - have made us scramble to meet the demand, our organization's flexibility and versatility showed up when it really counted to get these products on the shelves of leading retailers like Sephora, Ulta, Credo, Walmart and Target," said Kevin Cureton, chief operating officer.