Nuvve Q2 2023 revenue up 63% YoY to $2.1M; net loss widens to $8.0M

Nuvve Holding Corp.

2023-Q2 EPS reported -$0.62 revenue$3,974,913

Revenue $2.1M vs $1.3M YoY; product & service revenue driven by DC/AC charger sales of $1.54M.
Net loss $8.0M vs $5.5M YoY; cash operating costs reduced to $7.3M from $8.3M.
Backlog increased to $6.1M from $4.2M QoQ; MW under management 20 MW (+9% QoQ).
Introduced Nuvve K-12 division for school bus electrification; secured largest DC Fast Charger order (25 units).
Cash and equivalents $11.1M as of June 30, 2023; no guidance provided.

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 0.95

Nuvve Holding Corp. reported the three months ended June 30, 2023 results: revenue $2.1 million, net income $8.0 million.

Period: the three months ended June 30, 2023
Revenue: $2.1 million
Net income: $8.0 million
Result: reported results

Exact text from the filing

Total revenue was $2.1 million for the three months ended June 30, 2023

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Nuvve Holding Corp. filing history →

Source: SEC EDGAR

accession 0001836875-23-000142

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