HydrogenPro ASA - Delivering positive EBITDA in Q4 2023 [Yahoo! Finance]
NORSK HYDRO A S ADS (NHYDY)
NASDAQ:AMEX Investor Relations:
hydro.com/en/investor-relations
Company Research
Source: Yahoo! Finance
Achievements and highlights of the quarter: Revenues for the quarter of NOK 127 million and NOK 568 million year to date. For 2023 as a whole that represents a 10x increase on 2022. Gross Profit of NOK 56 mill (44% margin) and Adj. EBITDA of NOK 12 mill (10% margin) Received firm 100 MW Purchase Order from ANDRITZ for 18 cell stacks Completed manufacturing and delivery of 220MW to the ACES project Strengthened organisation with Jeff Spethmann to lead North American operations Financials (Q3 2023 numbers in brackets): Revenues NOK 127 million NOK 220 million Gross profit NOK 56 million /44% gross margin ( NOK 22 million /10% gross margin) Reported EBITDA NOK 17 million NOK -30 million Adj. EBITDA NOK 12 million NOK -19 million Net result NOK -1 million NOK -35 million Order backlog NOK 423 million NOK 322 million Cash balance NOK 161 million NOK 133 million Jarle Dragvik , CEO of HydrogenPro, comments: "We are pleased to show that our business model deliver
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