See more : Supreme Engineering Limited (SUPREMEENG.NS) Income Statement Analysis – Financial Results
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 |
GE Vernova and Next Hydrogen Sign MoU to Integrate Electrolysis Technology with Power Systems to Produce Green Hydrogen
PITTSBURGH and MISSISSAUGA, Ontario, Nov. 21, 2023 (GLOBE NEWSWIRE) -- GE Vernova's Power Conversion business and Next Hydrogen Solutions Inc. have signed a memorandum of understanding to integrate Next Hydrogen's electrolysis technology with GE Vernova's power systems offerings to produce...
Next Hydrogen Reports Q3 2023 Financial Results
MISSISSAUGA, Ontario, Nov. 17, 2023 (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 third quarter ended September 30, 2023.
Next Hydrogen Achieves Energy Efficiency Targets for its New GEN2 Water Electrolysers
MISSISSAUGA, Ontario, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (“Next Hydrogen”) ( TSXV:NXH , OTC:NXHSF ) is pleased to report that it has met its energy efficiency targets for its new second generation “GEN2” water electrolyser technology.
Next Hydrogen and Casale Sign MOU to Develop Green Ammonia and Methanol Systems
MISSISSAUGA, Ontario, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (“Next Hydrogen”) ( TSXV:NXH , OTC:NXHSF ) and Casale SA (“Casale”), have signed a non-exclusive memorandum of understanding to develop green ammonia and methanol systems that integrate Next...
Next Hydrogen and Casale Sign MOU to Develop Green Ammonia and Methanol Systems
MISSISSAUGA, Ontario, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (“Next Hydrogen”) ( TSXV:NXH , OTC:NXHSF ) and Casale SA (“Casale”), have signed a non-exclusive memorandum of understanding to develop green ammonia and methanol systems that integrate Next...
Next Hydrogen Reports Q2 2023 Financial Results
MISSISSAUGA, Ontario, Aug. 15, 2023 (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, 2023.
Next Hydrogen Announces Director Resignation
MISSISSAUGA, Ontario, July 13, 2023 (GLOBE NEWSWIRE) -- Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen“) ( TSXV:NXH , OTC:NXHSF ) announces today that it has accepted the resignation of Mike Pyle from the Board of Directors of the Company.
Next Hydrogen recipient of funding for technology development
MISSISSAUGA, Ontario, July 11, 2023 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen“) ( TSXV:NXH , OTC:NXHSF ), a designer and manufacturer of electrolyzers for green hydrogen production is pleased to announce it is receiving advisory...
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Category: Stock Reports