See more : Perfect Group International Holdings Limited (3326.HK) Income Statement Analysis – Financial Results
Complete financial analysis of Energy Vault Holdings, Inc. (NRGV) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Energy Vault Holdings, Inc., a leading company in the Renewable Utilities industry within the Utilities sector.
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Energy Vault Holdings, Inc. (NRGV)
About Energy Vault Holdings, Inc.
Energy Vault Holdings, Inc. develops and sells energy storage solutions. The company offers gravity-based storage systems, including EVx Platform, a scalable, modular product line starting from 40-megawatt hour to multi-gigawatt hours to address grid resiliency needs in shorter durations; Energy Vault Resiliency Center, a scalable, gigawatt hour scale product line designed to address grid resiliency needs to manage energy disruptive climate events; and Energy Vault solutions. Its solutions allow utilities, independent power producers, and large energy users to manage their power portfolios and efficiently dispatch power. Energy Vault Holdings, Inc. is based in Westlake Village, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 341.54M | 145.88M | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 324.01M | 86.58M | 1.25M | 0.00 | 0.00 |
| Gross Profit | 17.53M | 59.30M | -1.25M | 0.00 | 0.00 |
| Gross Profit Ratio | 5.13% | 40.65% | 0.00% | 0.00% | 0.00% |
| Research & Development | 37.10M | 50.06M | 7.91M | 8.52M | 2.06M |
| General & Administrative | 68.06M | 56.91M | 18.06M | 5.67M | 7.02M |
| Selling & Marketing | 18.21M | 12.58M | 845.00K | 311.14K | 932.91K |
| SG&A | 86.27M | 69.49M | 18.90M | 5.99M | 7.95M |
| Other Expenses | 0.00 | 3.47M | -1.79M | 2.39M | 286.98K |
| Operating Expenses | 123.37M | 119.55M | 26.81M | 14.51M | 10.01M |
| Cost & Expenses | 448.28M | 206.13M | 26.81M | 14.51M | 10.01M |
| Interest Income | 8.15M | 3.69M | 57.00K | 128.13K | 1.19M |
| Interest Expense | 35.00K | 2.00K | 7.00K | 128.13K | 1.19M |
| Depreciation & Amortization | 893.00K | 8.49M | 2.44M | 54.65K | 8.45K |
| EBITDA | -97.86M | -69.38M | -28.89M | -1.10K | -9.72M |
| EBITDA Ratio | -28.65% | -33.62% | 0.00% | 0.00% | 0.00% |
| Operating Income | -106.74M | -60.26M | -29.54M | 14.51M | 10.01M |
| Operating Income Ratio | -31.25% | -41.31% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 7.94M | -17.62M | -4.52M | -9.66M | -127.98K |
| Income Before Tax | -98.79M | -77.87M | -31.34M | -24.17M | -10.14M |
| Income Before Tax Ratio | -28.93% | -53.38% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | -349.00K | 427.00K | 1.00K | 830.00 | 810.00 |
| Net Income | -98.44M | -78.30M | -31.34M | -24.17M | -10.14M |
| Net Income Ratio | -28.82% | -53.67% | 0.00% | 0.00% | 0.00% |
| EPS | -0.69 | -0.64 | -2.45 | -0.67 | -0.08 |
| EPS Diluted | -0.69 | -0.64 | -2.45 | -0.67 | -0.08 |
| Weighted Avg Shares Out | 142.85M | 123.24M | 12.78M | 35.94M | 133.63M |
| Weighted Avg Shares Out (Dil) | 142.85M | 123.24M | 12.78M | 35.94M | 133.63M |
KORE Power Announces Major Offtake Agreement with Energy Vault for Domestic Batteries Starting in 2025
COEUR D'ALENE, Idaho--(BUSINESS WIRE)--KORE Power, Inc. (KORE) has been selected by Energy Vault to deliver domestically produced batteries starting in 2025, when phase one of the KOREPlex facility in Arizona comes online. The Master Supply Agreement announced this week outlines...
Energy Vault Holdings, Inc. (NRGV) Reports Q2 Loss, Lags Revenue Estimates
Energy Vault Holdings, Inc. (NRGV) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.14 per share a year ago.
Energy Vault Reports Second Quarter 2023 Earnings Results
LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the second quarter ended June 30, 2023. Robert Piconi, Chairman and...
Energy Vault Announces Commencement of Commissioning of World's First EVx™ Gravity Energy Storage System
LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Announces Commencement of Commissioning of World's First EVx™ Gravity Energy Storage System.
Energy Vault Schedules Conference Call to Discuss Second Quarter 2023 Financial Results
LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the second quarter ended...
NXU ALERT: Levi & Korsinsky, LLP Announces an Investigation into the Fairness of the Merger of Energy Vault Holdings, Inc. and Novus Capital Corporation II
NEW YORK , July 12, 2023 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Energy Vault Holdings, Inc. (f/k/a Novus Capital Corporation II) ("Energy Vault" or the "Company")...
Energy Vault: Primed For A Recovery As The Climate Economy Booms
Energy Vault is trading at a roughly 1x forward price-to-sales multiple even as the adoption of its GESS technology ramps up. The company is down roughly 75% over the last 12 months due to broader market sentiment that went sour...
Will Plug Power's Deal With Energy Vault Move The Needle?
Think again if you think Plug Power's NASDAQ: PLUG new deal with Energy Vault NYSE: NRGV will move the needle this week or this summer. The deal is for 8MW of generating capacity for a single town in California and...
Energy Vault Holdings, Inc. (NRGV) Q1 2023 Earnings Call Transcript
Energy Vault Holdings, Inc. (NYSE:NRGV ) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET Company Participants Laurence Alexander - Chief Marketing Officer Robert Piconi - Chairman & Chief Executive Officer Jan Kees van Gaalen - Chief Financial...
Energy Vault Holdings, Inc. (NRGV) Reports Q1 Loss, Misses Revenue Estimates
Energy Vault Holdings, Inc. (NRGV) came out with a quarterly loss of $0.22 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.15 per share a year ago.
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Category: Stock Reports