Nuvve Q1 revenue falls 58% to $0.78M; net loss narrows to $6.7M

Nuvve Holding Corp.

2024-Q1 EPS reported -$1.69 revenue$779,756

Revenue $0.78M, down 58% YoY from $1.85M, driven by lower product and service sales.
Net loss $6.7M vs $7.7M YoY; operating expenses cut to $7.5M from $8.3M.
Cash and equivalents $5.3M as of March 31, 2024.
Megawatts under management rose 6% to 26.6 MW; 500th school bus EVSE deployed.
Selected for Fresno EOC $16M 50-shuttle fleet electrification program.

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 first quarter ended March 31, 2024 results: revenue $0.78 million, net income $6.7 million.

Period: first quarter ended March 31, 2024
Revenue: $0.78 million
Net income: $6.7 million
Result: reported results

Exact text from the filing

Total revenue was $0.78 million for the three months ended March 31, 2024

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Source: SEC EDGAR

accession 0001836875-24-000051

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