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Next Hydrogen Solutions Inc
(NXH)
Next Hydrogen Solutions Inc (NXH) vs. S&P 500 (SPY)
Next Hydrogen Solutions Inc Business Overview & Revenue Model
Next Hydrogen Solutions Inc Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 951.91K | 721.59K | 177.59K | 1.77K | 58.44K | Gross Profit |
| -288.79K | -712.06K | 95.35K | 1.77K | -117.11K | EBIT |
| -12.49M | -14.03M | -16.66M | -762.99K | -281.48K | EBITDA |
| -10.91M | -13.32M | -25.98M | 488.15K | -31.89K | Net Income Common Stockholders |
| -12.01M | -14.28M | -25.01M | 423.31K | -322.88K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 10.91M | 22.08M | 39.20M | 1.82M | 1.16M | Total Assets |
| 25.44M | 33.73M | 48.06M | 2.52M | 1.86M | Total Debt |
| 1.83M | 2.04M | 2.24M | 5.26M | 2.51M | Net Debt |
| -9.08M | -20.04M | -36.96M | 4.73M | 2.10M | Total Liabilities |
| 12.84M | 9.82M | 10.26M | 32.09K | 19.24K | Stockholders Equity |
| 12.61M | 23.91M | 37.79M | 2.49M | 1.84M |
| Cash Flow | Free Cash Flow | |||
| -10.75M | -16.67M | -13.67M | -84.75K | -222.10K | Operating Cash Flow |
| -8.22M | -12.64M | -12.55M | -83.70K | -222.10K | Investing Cash Flow |
| -2.53M | -4.04M | -1.55M | -344.25K | 957.15K | Financing Cash Flow |
| -425.68K | -440.47K | 52.21M | 4.78M | 1.89M |
Next Hydrogen Solutions Inc Technical Analysis
Next Hydrogen Solutions Inc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.10B | 15.38 | 26.76% | 1.18% | 11.02% | 12.83% | |
56 Neutral | $6.92B | 3.31 | -4.49% | 6.03% | -0.35% | -47.83% | |
50 Neutral | $509.72M | ― | -38.88% | ― | -30.80% | -84.41% | |
40 Underperform | C$76.06M | ― | 2492.91% | ― | 258.52% | -4.87% | |
38 Underperform | C$16.95M | ― | -246.93% | ― | 43.11% | -15.45% |
Next Hydrogen Solutions Inc Corporate Events
Next Hydrogen Solutions Inc. reported its financial results for Q4 and fiscal year 2024, highlighting a revenue increase to $1.4 million and a net loss of $14.6 million. The company achieved significant milestones, including a partnership with a leading hydrogen production system manufacturer to scale up its technology, securing a $5 million working capital debt facility from Export Development Canada, and receiving ISO certifications for its quality and safety management systems. These developments position Next Hydrogen to expand globally and enhance its competitive edge in the hydrogen production market.
Spark’s Take on TSE:NXH Stock
According to Spark, TipRanks’ AI Analyst, TSE:NXH is a Underperform.
Next Hydrogen Solutions Inc. faces substantial financial challenges with negative profitability and cash flow, as well as a deteriorating balance sheet. While technical analysis shows some positive momentum, the overall valuation is concerning due to ongoing losses. The lack of earnings call insights or significant corporate events leaves the financial performance and technical analysis as primary factors in the low overall score.
To see Spark’s full report on TSE:NXH stock, click here.
Next Hydrogen Solutions Inc. has secured $5 million in working capital debt financing from Export Development Canada (EDC) to support its growth and global impact in the hydrogen economy. This funding will aid in scaling up their innovative electrolyzer technology, positioning Next Hydrogen as a leader in Canadian innovation on the global stage, and fostering a strategic relationship with EDC.
Spark’s Take on TSE:NXH Stock
According to Spark, TipRanks’ AI Analyst, TSE:NXH is a Underperform.
Next Hydrogen Solutions Inc. faces substantial financial challenges with negative profitability and cash flow, as well as a deteriorating balance sheet. While technical analysis shows some positive momentum, the overall valuation is concerning due to ongoing losses. The lack of earnings call insights or significant corporate events leaves the financial performance and technical analysis as primary factors in the low overall score.
To see Spark’s full report on TSE:NXH stock, click here.
Next Hydrogen Solutions Inc. has secured a $5 million working capital debt facility from Export Development Canada to support its growth in the green hydrogen sector. This funding will aid in the deployment of their innovative electrolyser technology, positioning the company as a leader in Canadian innovation on the global stage, and fostering a strategic relationship with EDC.
Spark’s Take on TSE:NXH Stock
According to Spark, TipRanks’ AI Analyst, TSE:NXH is a Underperform.
Next Hydrogen Solutions Inc. faces substantial financial challenges with negative profitability and cash flow, as well as a deteriorating balance sheet. While technical analysis shows some positive momentum, the overall valuation is concerning due to ongoing losses. The lack of earnings call insights or significant corporate events leaves the financial performance and technical analysis as primary factors in the low overall score.
To see Spark’s full report on TSE:NXH stock, click here.
Next Hydrogen Solutions Inc. has announced a strategic partnership with Sungrow Hydrogen Sci&Tech. Co. Ltd. to accelerate the commercialization and scale-up of its water electrolysis technology. This collaboration will utilize Sungrow Hydrogen’s 3GW manufacturing facility to fulfill large volume orders starting in 2026, while maintaining control over intellectual property and electrolyzer design. The partnership aims to enhance supply chain efficiency and cost competitiveness, and explore co-development and cross-selling opportunities to offer a broader range of green hydrogen solutions. This strategic move positions both companies to advance the global adoption of green hydrogen, supporting clean energy goals.
Next Hydrogen Solutions Inc. has received ISO 9001-2015 and ISO 45001-2018 certifications for its Mississauga site, highlighting its commitment to quality and safety standards. These certifications, supported by a $2 million investment from FedDev Ontario, position the company to scale operations and enhance its reputation as a leading supplier of green hydrogen electrolysis systems, contributing to Canada’s leadership in clean technology and carbon reduction.
Next Hydrogen Solutions Inc. has appointed Adarsh Mehta to its board of directors, filling the vacancy left by Matthew Fairlie’s resignation. Mehta brings over two decades of experience in renewable energy, particularly in wind and solar projects across the Americas, and her expertise is expected to aid Next Hydrogen in scaling its green hydrogen technology and commercialization efforts. This strategic move aligns with the company’s goal to enhance its position as a leader in the green hydrogen sector, which is crucial for the global transition to clean energy.
Next Hydrogen Solutions Inc. has appointed Adarsh Mehta to its board of directors, following the resignation of Matthew Fairlie. With over two decades of experience in renewable energy, Mehta’s expertise is expected to bolster Next Hydrogen’s efforts to scale its technology and commercialization in the green hydrogen sector, positioning the company as a leader in the clean energy transition.