Nuvve Q4 2022 revenue $1.15M (-8% YoY); net loss improves to $7.9M; cash $15.8M

Nuvve Holding Corp.

2023-Q1 EPS reported -$0.32 revenue$1,854,786

Revenue $1.15M in Q4 2022, down 8% YoY from $1.25M; net loss attributable to common stockholders $7.9M vs $9.5M loss in Q4 2021.
Cash and cash equivalents $15.8M as of Dec 31, 2022; cash operating costs reduced to $7.7M in Q4 from $7.8M in Q3.
Megawatts under management up 7% to 17.4 MW; backlog $4.1M at Dec 31, 2022.
Partnership with Circle K for grid services at 50 stations in Norway/Denmark; represented 10 school districts securing $24.2M in EPA Clean School Bus Rebate awards.
Expects record DC fast charger orders in Q1 2023 and higher hardware shipments than any quarter in 2022/2021.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Nuvve Holding Corp. reported the three months ended December 31, 2021 results: net income $9.5 million of net loss.

Period: the three months ended December 31, 2021
Net income: $9.5 million of net loss
Result: reported results

Exact text from the filing

Total revenue was $1.15 million for the three months ended December 31, 2022, compared to $1.25 million for the three months ended December 31, 2021, a decrease of $0.10 million, or 8.2%

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Nuvve Holding Corp. reported the three months ended December 31, 2021 results: net income $9.5 million of net loss.

Period: the three months ended December 31, 2021
Net income: $9.5 million of net loss
Result: reported results

Exact text from the filing

Net loss attributable to Nuvve common stockholders decreased by $1.6 million from net loss of $9.5 million for the three months ended December 31, 2021, to $7.9 million of net loss for the three months ended December 31, 2022

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Nuvve Holding Corp. reported the three months ended December 31, 2022 results: net income $7.9 million of net loss.

Period: the three months ended December 31, 2022
Net income: $7.9 million of net loss
Result: reported results

Exact text from the filing

Total revenue was $1.15 million for the three months ended December 31, 2022, compared to $1.25 million for the three months ended December 31, 2021, a decrease of $0.10 million, or 8.2%

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Nuvve Holding Corp. reported the three months ended December 31, 2022 results: net income $7.9 million of net loss.

Period: the three months ended December 31, 2022
Net income: $7.9 million of net loss
Result: reported results

Exact text from the filing

Net loss attributable to Nuvve common stockholders decreased by $1.6 million from net loss of $9.5 million for the three months ended December 31, 2021, to $7.9 million of net loss for the three months ended December 31, 2022

View on SEC.gov

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Nuvve Holding Corp. filing history →

Source: SEC EDGAR

accession 0001836875-23-000061

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