See more : Deveron Corp. (FARM.V) Income Statement Analysis – Financial Results
Complete financial analysis of Nextracker Inc. (NXT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Nextracker Inc., a leading company in the Solar industry within the Energy sector.
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Nextracker Inc. (NXT)
About Nextracker Inc.
Nextracker Inc., an energy solutions company, provides solar tracker solutions for PV projects. The company offers solar trackers, such as Bifacial PV modules for large-scale solar; NX Horizon for solar power plants; NX Gemini two-in-portrait solar tracker that optimizes lifetime value and performance of power plants for project developers and asset owners; and NX Horizon XTR, an all-terrain solar tracker. It also provides TrueCapture, an intelligent and self-adjusting tracker control system for PV power plants; and NX Navigator, an operational control and risk mitigation software. The company was incorporated in 2013 and is based in Fremont, California. Nextracker Inc. operates as a subsidiary of Flex Ltd.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Revenue | 2.50B | 1.90B | 1.46B | 1.20B | 1.17B | 660.74M |
| Cost of Revenue | 1.69B | 1.62B | 1.31B | 963.64M | 958.38M | 611.71M |
| Gross Profit | 813.05M | 286.97M | 147.03M | 231.98M | 212.91M | 49.03M |
| Gross Profit Ratio | 32.52% | 15.09% | 10.09% | 19.40% | 18.18% | 7.42% |
| Research & Development | 42.36M | 21.62M | 14.18M | 13.01M | 8.64M | 8.56M |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.80M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 35.51M |
| SG&A | 183.57M | 96.87M | 66.95M | 60.44M | 55.36M | 39.31M |
| Other Expenses | 0.00 | 2.43M | -765.00K | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 225.93M | 118.49M | 81.12M | 73.45M | 64.00M | 47.87M |
| Cost & Expenses | 1.91B | 1.73B | 1.39B | 1.04B | 1.02B | 659.57M |
| Interest Income | 0.00 | 1.83M | 34.00K | 20.00K | 24.00K | 227.00K |
| Interest Expense | 13.82M | 1.83M | 799.00K | 502.00K | 0.00 | 0.00 |
| Depreciation & Amortization | 4.36M | 4.63M | 11.20M | 16.81M | 17.70M | 18.50M |
| EBITDA | 591.48M | 174.55M | 76.31M | 175.34M | 166.85M | 19.67M |
| EBITDA Ratio | 23.66% | 9.10% | 5.29% | 14.67% | 14.25% | 2.98% |
| Operating Income | 587.12M | 168.49M | 65.91M | 158.53M | 148.91M | 1.17M |
| Operating Income Ratio | 23.49% | 8.86% | 4.52% | 13.26% | 12.71% | 0.18% |
| Total Other Income/Expenses | 20.88M | 598.00K | -799.00K | -502.00K | 24.00K | -407.00K |
| Income Before Tax | 608.00M | 169.08M | 65.11M | 158.03M | 148.93M | 760.00K |
| Income Before Tax Ratio | 24.32% | 8.89% | 4.47% | 13.22% | 12.71% | 0.12% |
| Income Tax Expense | 111.78M | 47.75M | 14.20M | 33.68M | 30.67M | 2.35M |
| Net Income | 306.24M | 1.14M | 50.91M | 124.35M | 118.26M | -1.59M |
| Net Income Ratio | 12.25% | 0.06% | 3.49% | 10.40% | 10.10% | -0.24% |
| EPS | 3.97 | 0.02 | 1.11 | 3.23 | 3.07 | -0.04 |
| EPS Diluted | 2.08 | 0.01 | 1.11 | 3.23 | 3.07 | -0.04 |
| Weighted Avg Shares Out | 77.07M | 45.89M | 45.87M | 38.54M | 38.54M | 38.54M |
| Weighted Avg Shares Out (Dil) | 147.28M | 145.85M | 45.87M | 38.54M | 38.54M | 38.54M |
Nextracker Inc. (NXT) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Nextracker (NXT). This makes it worthwhile to examine what the stock has in store.
NXT Energy Solutions Named Finalist for 26th Annual Platts Global Energy Awards
CALGARY, AB / ACCESSWIRE / November 26, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce that it has been named a finalist for the Energy Transition Award - Upstream category at the Annual...
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Nextracker Inc. (NXT) is Attracting Investor Attention: Here is What You Should Know
Nextracker (NXT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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NXT Announces Receipt of Final Tranche of Convertible Debenture Offering
CALGARY, AB / ACCESSWIRE / November 12, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce it has completed the final tranche of a planned private placement of an aggregate principal amount of US$900,000...
Nextracker: Tracking Well On Quality Metrics
Nextracker boasts strong fundamentals, including high profit margins, double-digit revenue growth, and a solid balance sheet, making it a high-quality investment. The company's differentiated solar tracking products, like NX Horizon, drive market dominance and are suitable for diverse geological conditions,...
Nextracker Inc. Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses
SAN DIEGO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Nextracker Inc. (NASDAQ: NXT), any of its executive officers, or others violated securities laws by misrepresenting or failing to timely disclose material...
NXT Energy Solutions Announces Third Quarter 2024 Results
CALGARY, AB / ACCESSWIRE / November 7, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) today announced the Company's financial and operating results for the quarter ended September 30, 2024. All dollar amounts herein are in Canadian...
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