FREYR Battery Q1 net loss widens to $28.5M; nears automated unit cell production at CQP

T1 Energy Inc.

2024-Q1 EPS reported -$0.20

Net loss $28.5M ($0.20/diluted share) vs $12.7M ($0.09) in Q1 2023; cash $252.8M, no debt.
Approaching first automated unit cell production trial at CQP; on track for H1 2024.
Giga Arctic (book value $225M) may be sold; unsolicited data center interest received.
Advanced negotiations for conventional technology agreement and inorganic growth opportunity.

item 2.02 item 9.01 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

T1 Energy Inc. reported the first quarter ended March 31, 2024 results: net income $(28.5) million, EPS $(0.20) per diluted share.

Period: the first quarter ended March 31, 2024
Net income: $(28.5) million
EPS: $(0.20) per diluted share
Result: reported results

Exact text from the filing

FREYR reported a net loss attributable to stockholders for the first quarter of 2024 of $(28.5) million, or $(0.20) per diluted share

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Source: SEC EDGAR

accession 0001992243-24-000097

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