earnings
confidence high
sentiment neutral
materiality 0.65
CBAK Energy Q2 swings to $2.7M net income; gross margin 18.6%
CBAK Energy Technology, Inc.
2021-Q2 EPS reported
$0.37
revenue$15,305,203
- Q2 net revenues $5.9M, up 27% YoY; gross margin 18.6% vs 1.9% a year ago.
- Net income $2.7M vs net loss $1.2M; includes $5.8M non-cash warrant revaluation gain.
- Operating loss widened to $2.7M from $0.9M as expenses rose 283%.
- First-half net income $32.3M vs loss $3.6M; operating loss $2.8M vs $2.9M.
- Cash $33.3M as of June 30; announced July acquisition of 81.56% of Zhejiang Meidu Hitrans.