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Ceres Power Holdings (GB:CWR)
LSE:CWR
Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-7.4Last Year’s EPS
-14.2Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Sep 27, 2024
|% Change Since: -59.77%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance in terms of revenue growth and strategic partnerships, indicating a positive business trajectory. However, challenges in cost management and uncertainties in manufacturing timelines with key partners were noted.Company Guidance
The recent call provided detailed guidance on Ceres Power's financial performance and strategic direction for the fiscal year 2024. The company reported a record first half with revenue surging by 144% to GBP 28.5 million and gross profit climbing over 200% to GBP 22.9 million, driven by new licensing agreements and a robust order intake. The order book reached just over GBP 100 million by the end of August. The company reaffirmed its full-year revenue guidance of GBP 50 million to GBP 60 million, anticipating continued high gross margins of 75% to 80%. Ceres Power's strategic focus remains on expanding its global partnerships, with recent agreements in Taiwan, Japan, and India, strengthening its technology leadership in solid oxide electrolyzer cells (SOEC) and fuel cells (SOFC). The firm also announced a restructuring to optimize costs, including a 15% reduction in headcount, aiming to reduce EBITDA losses significantly. As it advances towards commercial scale production with key partners like Bosch and Doosan, the company is well-funded with a cash balance of GBP 126.1 million, despite a cash outflow of GBP 14 million in the first half.Record Revenue and Profit Growth
First half year revenue increased by 144% to GBP28.5 million with gross profit more than tripling to GBP22.9 million.
Strong Order Intake
Order intake reached over GBP100 million by the end of August, backed by new licensing agreements.
Technology and Commercial Developments
Signed agreements with major manufacturers like Delta and Denso, and initiated a joint development with Shell for scaling electrolyzer modules.
Improved Financial Position
Significant reduction in EBITDA losses from GBP23.5 million to GBP9 million, and cash outflow reduced from GBP21.1 million to GBP14 million compared to last year.
Global Expansion and Partnerships
Three new major partners in three new geographies, enhancing the company's global footprint.
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GB:CWR 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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GB:CWR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Sep 27, 2024 | 200.20p | 253.40p | +26.57% |
| Apr 15, 2024 | 139.00p | 137.40p | -1.15% |
| Sep 28, 2023 | 329.40p | 326.80p | -0.79% |
| Mar 24, 2023 | 354.00p | 325.70p | -7.99% |
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 Ceres Power Holdings (GB:CWR) report earnings?
Ceres Power Holdings (GB:CWR) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Ceres Power Holdings (GB:CWR) earnings time?
Ceres Power Holdings (GB:CWR) earnings time is at Mar 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 the P/E ratio of Ceres Power Holdings stock?
The P/E ratio of Ceres Power Holdings is N/A.
What is GB:CWR EPS forecast?
GB:CWR EPS forecast for the fiscal quarter 2024 (Q4) is -7.4.
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