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Nuvve Holding (NVVE)
NASDAQ:NVVE
Earnings Data
Report Date
May 20, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-1.69Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: -35.76%
|Next Earnings Date:May 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging year with significant revenue declines and project delays, but also highlights efforts in cost reduction, backlog growth, and strategic expansions in the stationary battery sector and international markets. Despite these positive strides, the financial constraints and revenue setbacks indicate a mixed outlook.Company Guidance
During the Nuvve Holding Corporation's Q4 2024 and fiscal year 2024 earnings call, several key metrics were highlighted. Total revenues for the fourth quarter were reported at $1.8 million, up from $1.6 million in the same period last year, while full-year revenues decreased to $5.3 million from $8.3 million due to reduced charger hardware sales. Margins on products, services, and grant revenues for Q4 2024 were 15.8%, a decline from 29% in the previous year, with year-to-date margins reaching 33.1%, up from 16.2%. Operating expenses for the fiscal year were reduced by 33%, from $33.5 million in 2023 to $22.2 million in 2024. Megawatts under management increased by 22.2% year-over-year, reaching 30.7 MW, driven by stationary batteries and EV chargers. The company's backlog grew to $18.3 million, with a significant project in Fresno, California contributing to this increase. Despite challenges, Nuvve raised $2.6 million in early 2025, indicating a strategic shift towards expense reduction and business expansion.Revenue Increase in Q4 2024
Total revenues in the fourth quarter of 2024 increased to $1.8 million compared to $1.6 million in the same period last year, driven primarily by higher charger hardware sales.
Cost Reduction Achievements
Operating expenses for fiscal year 2024 decreased to $22.2 million from $33.5 million in 2023, driven by reductions in payroll, legal, public company, and consulting expenses.
Megawatts Under Management Growth
Megawatts under management increased 5.2% over the previous quarter to 30.7 MW, marking a 22.2% increase compared to the fourth quarter of 2023.
Battery-as-a-Service Model Launch
Nuvve announced the launch of its Battery-as-a-Service model in the United States, allowing electric cooperatives to deploy stationary batteries to reduce peak energy costs.
Expansion in Japan
Nuvve expanded its stationary battery business in Japan, establishing a new entity to pursue local capital raising activities.
Backlog Increase
Hardware and service backlog increased to $18.3 million as of December 31, 2024, up $0.8 million from September 30, 2024, with significant contributions from a large hub project in Fresno, California.
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NVVE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NVVE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | $1.51 | $1.10 | -27.15% |
| Nov 12, 2024 | $3.93 | $3.45 | -12.21% |
| Aug 13, 2024 | $6.37 | $5.30 | -16.80% |
| May 14, 2024 | $7.28 | $7.00 | -3.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nuvve Holding (NVVE) report earnings?
Nuvve Holding (NVVE) is schdueled to report earning on May 20, 2025, TBA Not Confirmed.
What is Nuvve Holding (NVVE) earnings time?
Nuvve Holding (NVVE) earnings time is at May 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NVVE EPS forecast?
Currently, no data Available
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