Complete financial analysis of Turbo Energy, S.A. American Depositary Shares (TURB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Turbo Energy, S.A. American Depositary Shares, a leading company in the Solar industry within the Energy sector.
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Turbo Energy, S.A. American Depositary Shares (TURB)
About Turbo Energy, S.A. American Depositary Shares
Turbo Energy, S.A. designs, develops, and distributes equipment for the generation, management, and storage of photovoltaic energy in Spain, Europe, and internationally. Its products include lithium-ion batteries; inverters; and Sunbox, an AI based software system that monitors the generation, use, and management of photovoltaic energy. The company also engages in the acquisition, distribution, and sale of electrical and electronic materials for the development of renewable energy projects, such as solar panels, inverters, chargers, regulators, batteries, and structures. The company was incorporated in 2013 and is based in Valencia, Spain. Turbo Energy, S.A. operates as a subsidiary of Umbrella Solar Investment, S.A.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 13.10M | 31.15M | 17.15M |
| Cost of Revenue | 12.04M | 26.55M | 14.90M |
| Gross Profit | 1.06M | 4.60M | 2.26M |
| Gross Profit Ratio | 8.09% | 14.78% | 13.15% |
| Research & Development | 0.00 | 0.00 | 0.00 |
| General & Administrative | 2.93M | 2.04M | 1.10M |
| Selling & Marketing | 335.30K | 805.06K | 537.02K |
| SG&A | 3.27M | 2.85M | 1.64M |
| Other Expenses | 433.57K | 890.00 | 0.00 |
| Operating Expenses | 3.70M | 2.91M | 1.67M |
| Cost & Expenses | 15.75M | 29.46M | 16.57M |
| Interest Income | 444.00 | 0.00 | 0.00 |
| Interest Expense | 406.03K | 308.98K | 138.21K |
| Depreciation & Amortization | 127.93K | 42.28K | 18.89K |
| EBITDA | -2.60M | 1.75M | 505.32K |
| EBITDA Ratio | -19.82% | 5.57% | 3.49% |
| Operating Income | -2.64M | 1.67M | 477.50K |
| Operating Income Ratio | -20.16% | 5.36% | 2.78% |
| Total Other Income/Expenses | -488.47K | -275.71K | -129.27K |
| Income Before Tax | -3.13M | 1.40M | 348.22K |
| Income Before Tax Ratio | -23.89% | 4.48% | 2.03% |
| Income Tax Expense | -1.12M | 366.51K | 81.00K |
| Net Income | -2.01M | 1.03M | 267.22K |
| Net Income Ratio | -15.37% | 3.30% | 1.56% |
| EPS | -0.20 | 0.09 | 0.02 |
| EPS Diluted | -0.20 | 0.09 | 0.02 |
| Weighted Avg Shares Out | 10.29M | 11.02M | 11.02M |
| Weighted Avg Shares Out (Dil) | 10.29M | 11.02M | 11.02M |
Turbo Energy Teams with Connection Holdings to Introduce All-in-One, AI-Optimized SUNBOX Home Energy Storage System to U.S. Market
Marks Pivotal Step Forward in Turbo Energy's Global Expansion Initiatives Marks Pivotal Step Forward in Turbo Energy's Global Expansion Initiatives
Turbo Energy CEO Issues Formal Operational Update to Shareholders
VALENCIA, Spain, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Mariano Soria, Chief Executive Officer of Turbo Energy, S.A . (NASDAQ:TURB) (“Turbo Energy” or the “Company”), a global provider of leading-edge, AI-optimized solar energy storage technologies and solutions, today issued a formal...
Turbo Energy Announces Results of 2024 Annual General Meeting of Shareholders
VALENCIA, Spain, June 26, 2024 (GLOBE NEWSWIRE) -- Turbo Energy, S.A . (NASDAQ:TURB) (“Turbo Energy” or the “Company”), a leader in the field of photovoltaic energy storage, today announced that the following proposals were approved at its 2024 Annual General...
Turbo Energy Files Patent Application in Spain for its Sunbox Commercial and Industrial Product
VALENCIA, Spain, May 06, 2024 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (NASDAQ: TURB) (“Turbo Energy” or “the Company”), a leader in the field of photovoltaic energy storage, today announced it has filed a patent application with the Spanish Patent and Trademark...
Turbo Energy Announces Financial Results for Year Ended December 31, 2023
Valencia, Spain, April 18, 2024 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (NASDAQ: TURB), a leading energy-saving technology company leveraging artificial intelligence software, today announced that for the year ended December 31, 2023, the Company reported revenues of €13.14 million ($14.54...
El Corte Inglés S.A. Begins Selling Turbo Energy's GoSolar Solution
VALENCIA, Spain, April 16, 2024 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a leader in the field of photovoltaic energy storage, today announced that El Corte Inglés S.A., the biggest department store group in...
Solar360, Repsol and Telefónica Joint Venture, Partners with Turbo Energy to Revolutionize Solar Self-Consumption Through Artificial Intelligence
The alliance between Solar360, and Turbo Energy, a NASDAQ-listed company and leader in the field of photovoltaic energy storage, will enable end-users to maximize savings through smart battery technology. The alliance between Solar360, and Turbo Energy, a NASDAQ-listed company and...
Turbo Energy Appoints Mariano Soria as CEO of the Company with Enrique Selva to Remain as a Chairman of the Board
Valencia, Spain, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (NASDAQ: TURB) (“Turbo Energy” or the “Company”), a Valencia-based company specializing in photovoltaic energy storage solutions, today announced a transition in the management structure of the Company, resulting from...
Turbo Energy Announces Interim Results for the Period Ended June 30, 2023
Valencia, Spain, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (NASDAQ: TURB), the leading energy-saving technology company, leveraging artificial intelligence software, today announced its unaudited interim financial results for the six months ended June 30, 2023.
Movistar Begins Selling Turbo Energy's “Do It Yourself” GoSolar, the Most Compact Photovoltaic Solution Available
VALENCIA, Spain, Dec. 11, 2023 (GLOBE NEWSWIRE) -- In an exciting step towards a more sustainable future, Turbo Energy, S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a Valencia-based company specializing in photovoltaic energy storage solutions, today announced that Movistar...
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