<SEC-DOCUMENT>0001171843-16-011267.txt : 20160727
<SEC-HEADER>0001171843-16-011267.hdr.sgml : 20160727
<ACCEPTANCE-DATETIME>20160727160013
ACCESSION NUMBER:		0001171843-16-011267
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160727
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160727
DATE AS OF CHANGE:		20160727

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NANOPHASE TECHNOLOGIES Corp
		CENTRAL INDEX KEY:			0000883107
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS PRIMARY METAL PRODUCTS [3390]
		IRS NUMBER:				363687863
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22333
		FILM NUMBER:		161786718

	BUSINESS ADDRESS:	
		STREET 1:		1319 MARQUETTE DRIVE
		CITY:			ROMEOVILLE
		STATE:			IL
		ZIP:			60446
		BUSINESS PHONE:		6303231200

	MAIL ADDRESS:	
		STREET 1:		1319 MARQUETTE DRIVE
		CITY:			ROMEOVILLE
		STATE:			IL
		ZIP:			60446

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NANOPHASE TECHNOLOGIES CORPORATION
		DATE OF NAME CHANGE:	19970305
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k_072616.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<html><head><title></title></head><body><div style="margin-top: 3pt; margin-bottom: 12pt;"><div style="font-size: 1pt; border-top: Black 2.5pt solid; border-bottom: Black 1.1pt solid; width: 100%;"><font style="font-size: 10pt;">&#160;</font></div></div><p style="text-align: center;"><font style="font-size: 14pt;"><strong>UNITED STATES</strong><br><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br><strong>Washington, D.C. 20549</strong><br>_____________________</font></p><p style="text-transform: uppercase; text-align: center;"><font style="font-size: 14pt;"><strong>Form 8-K</strong><br>_____________________</font></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>CURRENT REPORT</strong></font></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</strong></font></p><p align="center"><font style="font-size: 10pt;">Date of Report (Date of earliest event Reported): <!--July 27, 2016-->July 27, 2016 &#160;</font></p><p align="center"><font style="font-size: 12pt;"><strong>NANOPHASE TECHNOLOGIES CORPORATION </strong></font><br><font style="font-size: 10pt;">(Exact Name of Registrant as Specified in Charter)</font></p><table style="width: 100%;" border="0" cellspacing="0" cellpadding="0"><tr valign="top"><td align="center" width="33%"><font style="font-size: 10pt;"><strong>DELAWARE </strong></font></td><td align="center" width="34%"><font style="font-size: 10pt;"><strong>0-22333</strong></font></td><td align="center" width="33%"><font style="font-size: 10pt;"><strong>36-3687863</strong></font></td></tr><tr valign="top"><td align="center" width="33%"><font style="font-size: 10pt;">(State or Other Jurisdiction of Incorporation)</font></td><td align="center" width="34%"><font style="font-size: 10pt;">(Commission File Number)</font></td><td align="center" width="33%"><font style="font-size: 10pt;">(I.R.S. 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Press release dated July 27, 2016</font></p><p><font style="font-size: 10pt;"></font></p><p><font style="font-size: 10pt;"></font></p><hr style="page-break-after: always;" noshade="noshade"><p align="center"><font style="font-size: 10pt;"><strong>SIGNATURE</strong></font></p><p><font style="font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p><table style="width: 100%;" border="0" cellspacing="0" cellpadding="0"><tr valign="top"><td valign="top" width="49%"><font style="font-size: 10pt;">&#160;</font></td><td style="font-size: 12pt;" colspan="2" valign="top"><font style="font-size: 10pt;"><strong>NANOPHASE TECHNOLOGIES CORPORATION </strong></font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">&#160;</font></td><td width="2%"><font style="font-size: 10pt;">&#160;</font></td><td width="49%"><font style="font-size: 10pt;">&#160;</font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">&#160;</font></td><td width="2%"><font style="font-size: 10pt;">&#160;</font></td><td width="49%"><font style="font-size: 10pt;"></font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">Date: July 27, 2016</font></td><td width="2%"><font style="font-size: 10pt;">By:&#160;</font></td><td style="text-decoration: underline;" width="49%"><font style="font-size: 10pt;">/s/ FRANK CESARIO        &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">&#160;</font></td><td width="2%"><font style="font-size: 10pt;">&#160;</font></td><td width="49%"><font style="font-size: 10pt;">FRANK CESARIO        </font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">&#160;</font></td><td width="2%"><font style="font-size: 10pt;">&#160;</font></td><td width="49%"><font style="font-size: 10pt;">Chief Financial Officer</font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">&#160;</font></td><td width="2%"><font style="font-size: 10pt;">&#160;</font></td><td width="49%"><font style="font-size: 10pt;"></font></td></tr></table><p></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"><html lang="en-US"><head><title>EdgarFiling</title><meta content="text/html; charset=windows-1252"><meta name="GENERATOR" content="MSHTML 8.00.7601.18094"></head><body bgcolor="#ffffff"><p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p><p style="text-align: center;"><strong>Nanophase Reports Second Quarter 2016 Financial Results</strong></p><p style="text-align: center;">Due to travel schedules, the company&#8217;s financial conference call is scheduled for August 5, 2016 at 11am EDT</p><p><p align="left">ROMEOVILLE, Ill., July  27, 2016  (GLOBE NEWSWIRE) -- Nanophase Technologies Corporation (OTCQB:NANX), a technology leader in nanomaterials and advanced nanoengineered products, today reported financial results for the second quarter ended June 30, 2016.&#160;<br></p><p align="justify">&#8220;Reporting both positive cash flow and positive net income for the quarter is a milestone, as we have never done that before,&#8221; commented Nanophase CEO and President Jess Jankowski. &#160;&#8220;But the celebration was short lived.&#160; We have larger goals.&#160; In keeping with our strategy, namely, segregating those existing businesses that we continue to supply and support from the businesses inside which we are launching new products and actively developing new revenue streams, has helped us focus greater resources on higher value areas.&#8221;</p><p align="justify"><strong><u>Six Months Ended June 30, 2016 Financial Highlights</u></strong></p><ul type="disc"><li>Revenue for the first six months of 2016 was $5.9 million, vs. the $5.2 million reported during the same period of 2015.&#160; <br>&#160;</li><li>The net loss for the first six months of 2016 was $0.1 million, or a loss of $0.00 per share, compared to a net loss of $0.7 million, or $0.02 per share, for the comparable period of 2015.&#160; <br>&#160;</li><li>The Company finished the quarter with approximately $1.4 million in cash and cash equivalents; the Company had no debt.&#160;</li></ul><p align="justify"><strong><u>Second Quarter 2016 Financial Highlights</u></strong></p><ul type="disc"><li>Revenue for the second quarter was $3.7 million in 2016 and $2.9 million in 2015.&#160; <br>&#160;</li><li>The net profit for the quarter was $0.5 million in 2016, or $0.01 per share, compared to a net loss for the quarter of $0.1 million, or $0.00 per share, for 2015.&#160;</li></ul><p align="justify">Jankowski continued, &#8220;As we discussed last quarter, we are in the process of building new revenue streams in personal care and solar control.&#160; We are also actively seeking to develop relationships to engage other sellers to promote certain other less strategic businesses while more directly and aggressively investing in those that we believe will create the highest return.&#8221;&#160;</p><p align="justify"><em>Shareholders and members of the financial community are encouraged to participate in the upcoming conference call, where Mr. Jankowski will discuss the company&#8217;s current and long-term prospects.</em></p><p><strong><u>Second Quarter 2016 Conference Call</u></strong><br>Due to travel schedules, the Nanophase conference call, to be hosted by Jess Jankowski, the Company&#8217;s President &amp; CEO, is scheduled for August 5, 2016, at 10:00 a.m. CDT, 11:00 a.m. EDT. 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These non-GAAP measures are not in accordance with, or an alternative for, generally accepted accounting principles and may be different from non-GAAP measures used by other companies. The presentation of this additional information is not meant to be considered in isolation or as a substitute for net income or net income per share prepared in accordance with generally accepted accounting principles.</p><p align="justify"><strong><u>About Nanophase Technologies</u></strong><br>Nanophase Technologies Corporation (NANX), www.nanophase.com, is a leader in nanomaterials technologies and provides nanoengineered solutions for multiple industrial product applications. Using a platform of patented and proprietary integrated nanomaterial technologies, the Company creates products with unique performance attributes from two ISO 9001:2008 and ISO 14001 facilities. Nanophase delivers commercial quantity and quality nanoparticles, coated nanoparticles, and nanoparticle dispersions in a variety of media.&#160;</p><p align="justify"><strong><u>Forward-Looking Statements</u></strong><br><em>This press release contains words such as &#8220;expects,&#8221; &#8221;shall,&#8221; &#8220;will,&#8221; &#8220;believes,&#8221; and similar expressions that are intended to identify forward-looking statements</em><em> within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such statements in this announcement are made based on the Company&#8217;s current beliefs, known events and circumstances at the time of publication, and as such, are subject in the future to unforeseen risks and uncertainties that could cause the Company&#8217;s results of operations, performance and achievements to differ materially from current expectations expressed in, or implied by, these forward-looking statements. 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</SEC-DOCUMENT>
