Nuvve Holding Earnings Call Transcripts
Fiscal Year 2026
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Revenue surged 268% year-over-year in Q2 2026, driven by charging station sales, while net loss narrowed by 46%. Focus is on asset ownership in Japan, Europe, and New Mexico, with a strong pipeline and plans to regain a senior market listing.
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The meeting approved a reverse stock split and the issuance of additional shares for Omnia Venture agreements, with a quorum present and no questions from shareholders. Final voting results will be filed with the SEC. Risks and uncertainties were referenced in SEC filings.
Fiscal Year 2025
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2025 saw a strategic shift to stationary battery storage, with major projects and partnerships in Europe and Japan. Revenue rose in Q4 but fell for the year, while a significant inventory impairment increased net loss. Cash position improved due to capital raises.
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Q3 2025 revenue declined year-over-year due to lower service revenues, while gross margins improved. Strategic battery projects in Denmark and Japan are expected to drive future recurring revenue, and the company is confident in addressing NASDAQ listing requirements.
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Q2 2025 saw lower revenues and a higher net loss due to one-time expenses, but strategic restructuring, subsidiary capital raises, and the Fermata acquisition position the business for growth in energy, AI, and crypto. Hardware orders are strong, and backlog remains robust.
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Q1 2025 saw improved margins, reduced cash burn, and a growing backlog, despite modest revenue growth. Major contracts in New Mexico and Japan, the Fermata Energy acquisition, and a new digital asset subsidiary position the company for future expansion.
Fiscal Year 2024
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2024 saw revenue decline due to industry-wide delays and reduced government funding, but cost reductions and strategic expansion into stationary batteries and grid modernization improved margins and positioned the company for future growth. Backlog and megawatts under management increased.
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Q3 2024 saw revenue growth from key projects, improved gross margins, and sharply reduced net loss. Strategic financing and project wins set a stronger baseline for 2025, with further growth expected in managed capacity and backlog.
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Q2 2024 saw revenue decline year-over-year due to EPA funding delays, but margins improved and net loss narrowed. New SPVs and partnerships are expected to drive future growth, though 2024 revenue guidance has been withdrawn amid ongoing project timing uncertainties.