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Nuvve Holding Corp. (NVVE)
:NVVE
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 12, 2021
|% Change Since: -24.43%
|Next Earnings Date:May 17, 2021
Earnings Call Sentiment|Neutral
The earnings call highlighted significant improvements in gross margins and reductions in operating costs, along with progress in key projects like the Fresno EOC. However, there were notable challenges, including a year-over-year revenue decline and a reduced backlog, which could impact future performance.Company Guidance
During the third quarter of 2024, Nuvve Holding Corporation experienced several strategic developments and financial performance shifts. Total revenue for the quarter was $1.9 million, marking a decrease from $2.8 million in the prior quarter but a reflection of a $1.1 million quarter-over-quarter increase due to $0.9 million in service revenues and $0.2 million in hardware revenues. Operating costs were significantly reduced to $2.8 million from $6 million in the previous quarter. Gross margins improved to $1 million, up from $0.3 million the previous year, highlighting enhanced pricing strategies and a favorable service revenue mix. The company's net loss decreased to $1.6 million, a substantial improvement from the $8.6 million loss in the third quarter of 2023. The balance sheet was strengthened with a post-quarter-end $3.1 million convertible note issuance, although cash reserves decreased by $1.1 million to $0.3 million by September 30, 2024. Nuvve's megawatts under management grew 7.7% quarter-over-quarter to 29.2 megawatts. Additionally, the company recognized $0.6 million in service revenue from its Fresno hub project, contributing to a backlog of $17.5 million, primarily driven by this initiative.Improved Gross Margins
Gross margins for Q3 2024 were $1 million, up from $0.3 million in Q3 2023, indicating improved pricing and a higher mix of service revenues.
Revenue from Fresno EOC Project
Recognized $0.6 million in service revenue from the Fresno EOC project in Q3, contributing to future revenue stability.
Megawatts Under Management Growth
Megawatts under management increased by 7.7% over the previous quarter to 29.2 MW, a 37.3% increase compared to Q3 2023.
Reduction in Operating Costs
Operating costs (excluding cost of sales) were reduced to $2.8 million in Q3 2024, down from $8.8 million in Q3 2023.
Net Loss Improvement
Net loss decreased to $1.6 million in Q3 2024 from a net loss of $8.6 million in Q3 2023, indicating better financial management.
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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 |
|---|---|---|---|
| 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% |
| Mar 28, 2024 | $11.00 | $7.77 | -29.36% |
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 Corp. (NVVE) report earnings?
Nuvve Holding Corp. (NVVE) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Nuvve Holding Corp. (NVVE) earnings time?
Nuvve Holding Corp. (NVVE) earnings time is at Mar 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 NVVE EPS forecast?
Currently, no data Available
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