Complete financial analysis of Next Hydrogen Solutions Inc. (NXHSF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Next Hydrogen Solutions Inc., a leading company in the Industrial – Machinery industry within the Industrials sector.
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Next Hydrogen Solutions Inc. (NXHSF)
About Next Hydrogen Solutions Inc.
Next Hydrogen Solutions Inc. designs, manufactures, and sells water and electricity electrolyzers to generate clean hydrogen for use as an energy source. It offers commercial solutions to decarbonize transportation and industrial sectors. The company was founded in 2007 and is headquartered in Mississauga, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 951.91K | 721.59K | 177.59K | 1.78K | 58.44K |
| Cost of Revenue | 1.24M | 1.43M | 82.24K | 0.00 | 175.56K |
| Gross Profit | -288.79K | -712.06K | 95.35K | 1.78K | -117.11K |
| Gross Profit Ratio | -30.34% | -98.68% | 53.69% | 100.00% | -200.39% |
| Research & Development | 7.07M | 7.71M | 6.18M | 1.91M | 1.29M |
| General & Administrative | 4.67M | 5.20M | 4.67M | 88.29K | 908.84K |
| Selling & Marketing | 466.38K | 969.61K | 1.42M | 139.83K | 66.51K |
| SG&A | 5.14M | 6.17M | 6.09M | 88.29K | 105.93K |
| Other Expenses | -12.49M | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | -288.79K | 13.88M | 16.85M | 188.85K | 105.93K |
| Cost & Expenses | 13.45M | 15.31M | 16.93M | 188.85K | 281.48K |
| Interest Income | 715.40K | 560.28K | 92.69K | 2.30K | 4.19K |
| Interest Expense | 235.86K | 247.93K | 358.64K | 0.00 | 0.00 |
| Depreciation & Amortization | 872.38K | 708.13K | 278.75K | 100.56K | 175.56K |
| EBITDA | -10.91M | -13.32M | -16.38M | -6.05M | -2.39M |
| EBITDA Ratio | -1,145.66% | -1,846.25% | -9,224.78% | -37,320.06% | -181.24% |
| Operating Income | -12.49M | -14.03M | -16.66M | -762.99K | -281.48K |
| Operating Income Ratio | -1,312.46% | -1,944.38% | -9,381.74% | -42,985.18% | -481.64% |
| Total Other Income/Expenses | 479.53K | -247.93K | -8.25M | 7.77M | -414.43K |
| Income Before Tax | -12.01M | -14.28M | -25.01M | 387.59K | -207.44K |
| Income Before Tax Ratio | -1,262.09% | -1,978.74% | -14,081.75% | 21,836.23% | -354.96% |
| Income Tax Expense | 0.00 | 479.64K | 358.64K | -35.72K | 115.44K |
| Net Income | -12.01M | -14.28M | -25.01M | 423.31K | -322.88K |
| Net Income Ratio | -1,262.09% | -1,978.74% | -14,081.75% | 23,848.45% | -552.49% |
| EPS | -0.52 | -0.62 | -1.28 | 0.03 | -0.03 |
| EPS Diluted | -0.52 | -0.62 | -1.28 | 0.03 | -0.03 |
| Weighted Avg Shares Out | 22.89M | 22.89M | 19.59M | 16.24M | 9.95M |
| Weighted Avg Shares Out (Dil) | 22.89M | 22.89M | 19.59M | 16.24M | 9.95M |
Next Hydrogen to demonstrate electrolyzers for the aviation industry in collaboration with Pratt & Whitney under INSAT program
MISSISSAUGA, Ontario, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (“Next Hydrogen“) ( TSXV:NXH , OTC:NXHSF ), a designer and manufacturer of electrolyzers, is developing high-efficiency, low-cost electrolyzers needed for establishing hydrogen production infrastructure for the aviation industry....
Factory Acceptance Test of Second-Generation Electrolyzer Completed
MISSISSAUGA, Ontario, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen“) ( TSXV:NXH , OTC:NXHSF ), a designer and manufacturer of electrolyzers, is pleased to announce that it has successfully completed an extended factory...
Next Hydrogen to Supply Latest Generation Electrolysis Technology for Renewable Energy Ammonia Production Research
MISSISSAUGA, Ontario, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen“) ( TSXV:NXH , OTC:NXHSF ), a designer and manufacturer of electrolyzers, is pleased to announce that it has been awarded a contract by...
Next Hydrogen Reports Q2 2024 Financial Results
MISSISSAUGA, Ontario, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen”) (TSXV:NXH, OTC:NXHSF), a designer and manufacturer of electrolyzers, is pleased to report its financial results for the second quarter ended June 30, 2024.
Next Hydrogen Solutions Inc. Announces Results of Annual General and Special Meeting of Shareholders
MISSISSAUGA, Ontario, June 06, 2024 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen“) (TSXV:NXH, OTC:NXHSF), a designer and manufacturer of electrolyzers, is pleased to announce the results of the annual general and special meeting of shareholders...
Next Hydrogen Reports Q1 2024 Financial Results
MISSISSAUGA, Ontario, May 10, 2024 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen”) (TSXV:NXH, OTC:NXHSF), a designer and manufacturer of electrolyzers, is pleased to report its financial results for the first quarter ended March 31, 2024.
Next Hydrogen Reports Q4 and Fiscal 2023 Financial Results
MISSISSAUGA, Ontario, April 22, 2024 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen”) (TSXV:NXH, OTC:NXHSF), a designer and manufacturer of electrolyzers, is pleased to report its financial results for the fourth quarter and full year ended...
Next Hydrogen Secures Follow On Purchase Order from Casale
MISSISSAUGA, Ontario, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (“Next Hydrogen”) ( TSXV:NXH , OTC:NXHSF ) is pleased to announce it has received a purchase order from Casale for development work related to integration of Next Hydrogen's...
Next Hydrogen Appoints Robert Campbell as Chief Commercial Officer
MISSISSAUGA, Ontario, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (“Next Hydrogen”) ( TSXV:NXH , OTC:NXHSF ) is pleased to appoint Mr. Rob Campbell as Chief Commercial Officer (CCO). Mr. Campbell brings a distinguished career in senior leadership...
GE Vernova partners with Next Hydrogen Solutions to produce green hydrogen
GE Vernova's Power Conversion business and Next Hydrogen Solutions Inc (TSX-V:NXH) have signed a memorandum of understanding (MoU) to integrate Next Hydrogen's electrolysis technology with GE Vernova's power systems to produce green hydrogen, the two companies announced on Tuesday. They...
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