See more : Channel Infrastructure NZ Limited (NZRFF) Income Statement Analysis – Financial Results
Complete financial analysis of TOYO Co., Ltd. (TOYO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of TOYO Co., Ltd., a leading company in the Solar industry within the Energy sector.
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TOYO Co., Ltd. (TOYO)
About TOYO Co., Ltd.
TOYO Co., Ltd. engages in the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and other stages of the solar power supply chain. Additionally, the company also manufactures solar PV modules. The company was founded in 2022 and is based in Tokyo, Japan.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 62.38M | 0.00 | 0.00 |
| Cost of Revenue | 45.75M | 0.00 | 0.00 |
| Gross Profit | 16.63M | 0.00 | 0.00 |
| Gross Profit Ratio | 26.66% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 |
| General & Administrative | 4.63M | 1.10M | 0.00 |
| Selling & Marketing | 17.57K | -114.56K | 0.00 |
| SG&A | 4.65M | 987.77K | 381.31K |
| Other Expenses | -6.00K | 0.00 | 0.00 |
| Operating Expenses | 4.64M | 987.77K | 381.31K |
| Cost & Expenses | 50.39M | 987.77K | 381.31K |
| Interest Income | 0.00 | 9.00 | 134.41K |
| Interest Expense | 3.26M | 0.00 | 0.00 |
| Depreciation & Amortization | 2.61M | 96.00 | 0.00 |
| EBITDA | 14.59M | -1.12M | -246.89K |
| EBITDA Ratio | 23.40% | 0.00% | 0.00% |
| Operating Income | 11.99M | -987.77K | -381.30K |
| Operating Income Ratio | 19.22% | 0.00% | 0.00% |
| Total Other Income/Expenses | -2.10M | 3.31M | 134.41K |
| Income Before Tax | 9.89M | 2.18M | -246.89K |
| Income Before Tax Ratio | 15.85% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | -96.00 | 0.00 |
| Net Income | 9.89M | 2.18M | -246.89K |
| Net Income Ratio | 15.85% | 0.00% | 0.00% |
| EPS | 0.24 | 0.19 | -0.02 |
| EPS Diluted | 0.24 | 0.19 | -0.02 |
| Weighted Avg Shares Out | 41.00M | 11.54M | 11.96M |
| Weighted Avg Shares Out (Dil) | 41.00M | 11.54M | 11.96M |
TOYO Co., Ltd Secures $150 million Contract to Supply Solar Cells to a Leading Solar Module Manufacturer
TOKYO , Nov. 26, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, is pleased to announce the execution of a significant contract valued at $150 million to supply high efficiency solar cells...
TOYO Co., Ltd to Participate in Clean Energy Conferences in NYC on December 4th and 5th
TOKYO , Nov. 25, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced that the Company will participate in two Clean Energy conferences in NYC hosted by Jefferies and Bank of America on...
TOYO Co., Ltd to Acquire Solar Module Manufacturing Facility in Texas
Move to accelerate TOYO's plans for "made-in-America" modules with 2.5 gigawatts initial capacity HOUSTON and TOKYO , Nov. 25, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced it has agreed to...
TOYO Co., Ltd Updates on 2024 Performance, Announces Preliminary Guidance for 2025
TOKYO , Nov. 18, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today provided an update on its anticipated business performance for the full year 2024, and announced preliminary guidance for 2025, reflecting...
Japan's Toyo to produce solar cells in Ethiopia for US plant
Japan's TOYO Co. Ltd on Monday said it will build a 2 gigawatt solar cell factory in Ethiopia that will provide duty-free components to a panel factory it is planning in the United States.
TOYO Co., Ltd Announces Plans for a 2 GW Solar Cell Manufacturing Facility in Ethiopia
TOKYO , Oct. 14, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, is excited to announce its plan to establish a state-of-the-art solar cell manufacturing facility with an expected annual capacity of 2 gigawatts...
TOYO Co., Ltd Announces Appointment of Liang "Simon" Shi as President
TOKYO , Oct. 10, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced Liang "Simon" Shi's appointment as the President. With a deep understanding of strategic investments in the renewable energy sector, Liang...
TOYO Co., Ltd to Exhibit at Renewable Energy India Expo 2024
TOKYO , Oct. 1, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced its participation in the Renewable Energy India (REI) Expo 2024, taking place from October 3 to 5, 2024,...
TOYO Co., Ltd to Present at the H.C. Wainwright 26th Annual Global Investment Conference
TOKYO , Sept. 6, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced that it will host investor meetings at the 26th Annual H.C.
TOYO Co., Ltd Announces First Half 2024 Unaudited Financial Results
TOKYO , Aug. 21, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced its financial results for the six months ended June 30, 2024. First Six Months of 2024 Highlights Revenues of...
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