Thu, May 15, 9:08 PM (34 days ago)
### Nuvve Holding Corp. (NVVE) Q1 2025 Financial Summary **Quarterly Financial Health:** - **Revenue:** $934,304, up 20% YoY, driven by increased product sales, services, and grants. - **Profit Margins:** Gross margin improved to 32.6% due to a higher mix of engineering services. - **Cash Flow:** Net cash used in operations was $1.8 million, an improvement from $4.7 million in Q1 2024. - **Earnings Changes:** Net loss increased by 2.2% to $6.9 million due to decreased other income and operating expenses. **Performance Metrics:** - **Operating Loss:** $5.6 million, a 23% improvement YoY. - **Other Income:** Decreased by $1.8 million due to changes in fair value of convertible notes and warrants. - **Net Loss:** Increased by $0.1 million due to decreased other income and operating expenses. **Trends and Uncertainties:** - **Liquidity:** Cash balance of $1.2 million, working capital deficit of $3.3 million, and total equity deficit of $3.2 million. - **Debt:** Total debt of $4.8 million, with significant portions due within a year. - **Future Operations Impact:** Plans to fund operations through debt, increased revenues, and additional capital raising. **Key Financial Data:** - **Revenue Breakdown:** Products $565,551, Services $267,304, Grants $101,449. - **Operating Expenses:** Cost of products $493,215, Cost of services $68,029, Selling, general, and administrative $5,075,902, Research and development $883,772. - **Cash Flow:** Net cash used in operations $1.8 million, investing activities $(12,284), financing activities $2.6 million. **Forward-Looking Statements:** - **Growth Strategy:** Focus on V2G technology and distributed energy resources platform. - **Challenges:** Dependence on EV adoption, regulatory changes, and market competition. - **Risks:** Legal proceedings, regulatory scrutiny, and market volatility. **Conclusion:** Nuvve Holding Corp. faces significant financial challenges but is strategically positioning itself for growth in the EV and energy markets. The company's focus on innovation and strategic partnerships is crucial for its future success. However, it must navigate regulatory uncertainties and market competition to achieve sustainable profitability.