CBAK Energy Q4 revenue +95.9% to $54.5M; net loss of $10.7M vs prior-year income

CBAK Energy Technology, Inc.

2023-Q1 EPS reported -$0.02 revenue$42,396,701

Q4 net revenues $54.46M (+95.9% YoY); full year $248.73M (+372.2% YoY).
Q4 net loss attributable to shareholders $10.70M vs net income $9.16M in Q4 2021.
FY net loss $9.45M vs net income $61.49M in 2021; includes $6.39M impairment charges.
Backlog orders $180M as of March 31, 2023; management cites lithium carbonate price decline as positive for 2023.
Gross profit Q4 $3.78M (+263.1% YoY); full-year gross margin 7.28% vs 9.70% in 2021.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CBAK Energy Technology, Inc. reported financial results for the fourth quarter and full year ended December 31, 2022.

Period: the fourth quarter and full year ended December 31, 2022
Result: reported results

Exact text from the filing

On April 11, 2023, CBAK Energy Technology, Inc. (the "Company") released its unaudited results of operations for the fourth quarter and full year ended December 31, 2022.

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Source: SEC EDGAR

accession 0001213900-23-028695

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