Nuvve Q4 2023 revenue up 43% to $1.64M; net loss narrows to $7.3M

Nuvve Holding Corp.

Revenue $1.64M, up 43.4% YoY; products $1.05M, grid services $0.20M, engineering $0.27M.
Net loss $7.3M vs $7.7M YoY; cash operating loss reduced to $6.5M from $7.7M.
Megawatts under management up 18.4% to 25.1 MW as of Dec 31, 2023.
Cash $1.5M at Dec 31; raised $9.6M gross in Jan 2024 public offering.
Announced RFP award for Taiwan's first V2G hub; cost savings initiatives ongoing.

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 its fourth quarter ended December 31, 2023 results: revenue $1.64 million, net income $7.3 million of net loss.

Period: its fourth quarter ended December 31, 2023
Revenue: $1.64 million
Net income: $7.3 million of net loss
Result: reported results

Exact text from the filing

Total revenue was $1.64 million for the three months ended December 31, 2023, compared to $1.15 million for the three months ended December 31, 2022, an increase of $0.50 million, or 43.4%.

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Source: SEC EDGAR

accession 0001836875-24-000034

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