Nuvve Q3 revenue up 390% to $2.7M; net loss widens to $8.3M

Nuvve Holding Corp.

2023-Q3 EPS reported -$0.88 revenue$6,687,485

Revenue $2.7M (up 390% YoY) driven by $1.5M increase in products and $0.7M in services.
Net loss increased 25.1% to $8.3M; cash operating loss reduced marginally to $7.3M.
Cash and equivalents $13.9M as of Sep 30, including $9.8M in EPA grant funds due to customers.
Megawatts under management grew 6.1% to 21.2 MW; further record deployments in October.
Received $1.9M proposed award from California Energy Commission for RESCHOOL school bus resilience project.

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 third quarter ended September 30, 2023 results: revenue $2.7 million, net income $8.3 million.

Period: third quarter ended September 30, 2023
Revenue: $2.7 million
Net income: $8.3 million
Result: reported results

Exact text from the filing

exploring all funding opportunities so that we can remain committed to sustaining our trajectory of innovation and growth.” 2023 Third Quarter Financial Review Total revenue was $2.7 million for the three months ended September 30, 2023, compared to $0.6 million for the three months ended September 30, 2022, an increase of approximately $2.2 million, or 389.9%. The

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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 0001836875-23-000162

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