secwatch.observer — SEC 8-K summary
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Issuer:     Nuvve Holding Corp. (NVVE)
CIK:        0001836875
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001836875-23-000084
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuvve Q1 revenue down 22% to $1.9M; net loss widens to $7.7M
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- Revenue $1.9M, down 21.8% YoY; net loss $7.7M vs $4.7M in Q1 2022.
- Record charger orders (24 units for LAUSD) and deployments; backlog $4.2M.
- Cash operating costs reduced to $7.2M from $8.2M; gross margin improved to 17.9% from 4.9%.
- Cash and equivalents $11.8M; megawatts under management 18.3 MW (+5% QoQ).
- Partnership with Circle K for grid services at 50 stations in Norway/Denmark; revenue expected later in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836875/000183687523000084/0001836875-23-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836875/000183687523000084/nvve-20230511.htm
  HTML page:      https://secwatch.observer/filing/0001836875-23-000084

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