Nuvve Q2 revenue up 268% to $1.23M but gross margin collapses to 2.6%; cash at $0.5M

Nuvve Holding Corp.

Revenue $1.23M vs $0.33M YoY (+268%); products revenue up $0.77M on higher orders/shipments.
Gross margin 2.6% vs 60.6% due to warranty costs on discontinued DC chargers and Troy project write-down.
Net loss $7.3M vs $13.6M; cash operating loss $7.3M vs $14.7M YoY.
Cash and equivalents $0.5M at June 30, 2026 vs $5.5M at Dec 31, 2025; raised $2.5M in Q2.
Ended Toyota Tsusho battery management in Japan; decommissioned CA stationary batteries; $1.0M legal fees for internal investigation.

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