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FREYR Battery (FREY)
NYSE:FREY
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.13Last Year’s EPS
-$0.17Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 183.81%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a cautiously optimistic outlook for FREYR, with significant strengths in financial positioning and strategic partnerships. While there are challenges in capital markets and competition, the company is focused on executing its strategy to achieve profitability.Company Guidance
During the FREYR Battery Q2 2024 earnings call, significant guidance was provided with a focus on advancing business development opportunities and achieving profitability. The company highlighted a strong cash position of over $200 million, with no debt, and a strategic plan to generate first revenue and EBITDA by 2025. FREYR is prioritizing projects that are quickest to market, particularly downstream module and pack opportunities, due to their lower capital intensity and attractive economic returns. They have implemented cost-control measures to extend the cash runway to approximately 36 months. Additionally, FREYR is leveraging its strategic assets, such as Giga Arctic and Giga America, alongside a revamped board and management team, to capitalize on the rapidly evolving battery industry landscape.Strong Financial Position
FREYR has a cash position of more than $200 million with no debt, providing flexibility in project financing and extending the runway to approximately 36 months without new funding.
Progress in Battery Production
FREYR has proven the ability to produce functional batteries using next-generation equipment on the 24M SemiSolid platform, attracting attention from new and existing strategic partners.
Strategic Partnerships and Opportunities
FREYR is capitalizing on partnerships across the battery value chain and exploring financeable downstream module and pack opportunities with attractive economic returns.
Leadership and Organizational Strength
The management team has been strengthened with key appointments, including a new CFO, Evan Calio, who brings deep expertise in global energy markets and capital formation.
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FREY 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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FREY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $1.05 | $1.75 | +66.67% |
| Aug 09, 2024 | $1.27 | $1.18 | -7.09% |
| May 08, 2024 | $1.68 | $1.85 | +10.12% |
| Feb 29, 2024 | $1.66 | $1.54 | -7.23% |
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 FREYR Battery (FREY) report earnings?
FREYR Battery (FREY) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is FREYR Battery (FREY) earnings time?
FREYR Battery (FREY) earnings time is at Feb 27, 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 FREY EPS forecast?
FREY EPS forecast for the fiscal quarter 2024 (Q4) is -$0.13.
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