Aankondiging • May 12
CBAK Energy Technology, Inc. announced delayed 10-Q filing On 05/11/2026, CBAK Energy Technology, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • May 02
CBAK Energy Technology, Inc. Receives Notice of Non-Compliance with Minimum Bid Price Requirement from Nasdaq On April 30, 2026, CBAK Energy Technology, Inc. (the Company) received notice (the Notice) from the Listing Qualifications staff of The Nasdaq Stock Market LLC (Nasdaq) notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of USD 1.00 per share. Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's common stock for the 30 consecutive business days from March 18, 2026 through April 29, 2026, the Company no longer meets the minimum bid price requirement. The Notice has no immediate effect on the listing of the Company's common stock, which will continue to trade uninterrupted on Nasdaq under the ticker CBAT. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until October 27, 2026 (the Compliance Period), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company's common stock is at least USD 1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance with the minimum bid price requirement by October 27, 2026, the Company may be eligible for an additional 180 calendar day grace period. If the Company does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, then Nasdaq will notify the Company of its determination to delist the Company's common stock, at which point the Company will have an opportunity to appeal the delisting determination to a Hearings Panel. Aankondiging • Mar 24
CBAK Energy Technology, Inc. to Report Q4, 2025 Results on Mar 30, 2026 CBAK Energy Technology, Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Mar 30, 2026 Aankondiging • Mar 17
CBAK Energy Technology, Inc. announced delayed annual 10-K filing On 03/16/2026, CBAK Energy Technology, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Aankondiging • Nov 17
CBAK Energy Technology, Inc., Annual General Meeting, Dec 29, 2025 CBAK Energy Technology, Inc., Annual General Meeting, Dec 29, 2025, at 10:00 China Standard Time. Location: bak industrial park, meigui street, huayuankou economic zone, 116450, dalian China Reported Earnings • Nov 12
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$0.03 (up from US$0 in 3Q 2024). Revenue: US$60.9m (up 37% from 3Q 2024). Net income: US$2.65m (up US$2.63m from 3Q 2024). Profit margin: 4.4% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 55%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Aankondiging • Nov 03
CBAK Energy Technology, Inc. to Report Q3, 2025 Results on Nov 10, 2025 CBAK Energy Technology, Inc. announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Nov 10, 2025 Price Target Changed • Oct 20
Price target decreased by 25% to US$1.50 Down from US$2.00, the current price target is provided by 1 analyst. New target price is 52% above last closing price of US$0.99. Stock is down 9.3% over the past year. The company is forecast to post a net loss per share of US$0.12 compared to earnings per share of US$0.13 last year. Aankondiging • Oct 03
CBAK Energy Technology, Inc. Receives Nasdaq Notice of Non-Compliance with Minimum Bid Price Requirement On October 1, 2025, CBAK Energy Technology, Inc. received notice from the Listing Qualifications staff of The Nasdaq Stock Market LLC notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company’s common stock for the 30 consecutive business days from August 19 through September 30, 2025, the Company no longer meets the minimum bid price requirement. The Notice has no immediate effect on the listing of the Company’s common stock, which will continue to trade uninterrupted on Nasdaq under the ticker “CBAT”. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until March 30, 2026 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company’s common stock is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance with the minimum bid price requirement by March 30, 2026, the Company may be eligible for an additional 180 calendar day grace period. If the Company does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, then Nasdaq will notify the Company of its determination to delist the Company’s common stock, at which point the Company will have an opportunity to appeal the delisting determination to a Hearings Panel. Aankondiging • May 23
CBAK Energy Technology, Inc. (NasdaqCM:CBAT) announces an Equity Buyback for $20 million worth of its shares. CBAK Energy Technology, Inc. (NasdaqCM:CBAT) announces a share repurchase program. Under the program, the company will repurchase up to $20 million worth of its shares. The program will be valid till May 20, 2026. Aankondiging • May 13
CBAK Energy Technology, Inc. announced delayed 10-Q filing On 05/12/2025, CBAK Energy Technology, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • May 12
CBAK Energy Technology, Inc. to Report Q1, 2025 Results on May 19, 2025 CBAK Energy Technology, Inc. announced that they will report Q1, 2025 results Pre-Market on May 19, 2025 Major Estimate Revision • Mar 24
Consensus EPS estimates fall by 64% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$229.1m to US$223.3m. EPS estimate also fell from US$0.11 per share to US$0.04 per share. Net income forecast to shrink 66% next year vs 25% growth forecast for Electrical industry in the US . Consensus price target of US$2.00 unchanged from last update. Share price fell 3.5% to US$0.82 over the past week. Reported Earnings • Mar 18
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: US$0.13 (up from US$0.027 loss in FY 2023). Revenue: US$176.6m (down 14% from FY 2023). Net income: US$11.8m (up US$14.2m from FY 2023). Profit margin: 6.7% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Aankondiging • Mar 10
CBAK Energy Technology, Inc. to Report Q4, 2024 Results on Mar 17, 2025 CBAK Energy Technology, Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 17, 2025 Aankondiging • Dec 28
CBAK Energy Technology Receives Non-Compliance Letter from Nasdaq Regarding Minimum Bid Price Requirement On December 26, 2024, CBAK Energy Technology, Inc. (the Company") received notice (the Notice") from the Listing Qualifications staff of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that it is currently not in compliance with the minimum bid price requirement set under Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's common stock for the 30 consecutive business days from November 12 through December 24, 2024, the Company no longer meets the minimum bid price requirement. The Notice has no immediate effect on the listing of the Company's common stock, which will continue to trade uninterrupted on Nasdaq under the ticker CBAT". Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until June 24, 2025 (the Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company's common stock is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance with the minimum bid price requirement by June 24, 2025, the Company may be eligible for an additional 180 calendar day grace period. If the Company does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, then Nasdaq will notify the Company of its determination to delist the Company's common stock, at which point the Company will have an opportunity to appeal the delisting determination to a Hearings Panel. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to US$1.07, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Electrical industry in the US. Total loss to shareholders of 31% over the past three years. Major Estimate Revision • Nov 19
Consensus EPS estimates fall by 39% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$221.6m to US$201.4m. EPS estimate also fell from US$0.31 per share to US$0.19 per share. Net income forecast to grow 0.9% next year vs 21% growth forecast for Electrical industry in the US. Consensus price target down from US$2.50 to US$2.00. Share price fell 18% to US$0.84 over the past week. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: US$0 (vs US$0.071 in 3Q 2023) Third quarter 2024 results: EPS: US$0 (down from US$0.071 in 3Q 2023). Revenue: US$44.6m (down 30% from 3Q 2023). Net income: US$17.6k (down 100% from 3Q 2023). Profit margin: 0% (down from 10.0% in 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electrical industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Board Change • Nov 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Director Xiangyu Pei was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 04
CBAK Energy Technology, Inc. to Report Q3, 2024 Results on Nov 12, 2024 CBAK Energy Technology, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 12, 2024 Aankondiging • Oct 14
CBAK Energy Technology, Inc., Annual General Meeting, Dec 06, 2024 CBAK Energy Technology, Inc., Annual General Meeting, Dec 06, 2024, at 09:00 China Standard Time. Location: at bak industrial park, meigui street, huayuankou economic zone, 116450, dalian city, China Aankondiging • Aug 13
CBAK Energy Technology, Inc. announced delayed 10-Q filing On 08/12/2024, CBAK Energy Technology, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Price Target Changed • Aug 11
Price target increased by 39% to US$2.50 Up from US$1.80, the current price target is provided by 1 analyst. New target price is 148% above last closing price of US$1.01. Stock is down 7.3% over the past year. The company is forecast to post earnings per share of US$0.32 next year compared to a net loss per share of US$0.027 last year. Reported Earnings • Aug 11
Second quarter 2024 earnings: EPS in line with expectations, revenues disappoint Second quarter 2024 results: EPS: US$0.072 (up from US$0.03 loss in 2Q 2023). Revenue: US$47.8m (up 13% from 2Q 2023). Net income: US$6.45m (up US$9.08m from 2Q 2023). Profit margin: 14% (up from net loss in 2Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Electrical industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Aankondiging • Aug 09
CBAK Energy Technology, Inc. Provides Earnings Guidance for the Upcoming Quarters of 2024 CBAK Energy Technology, Inc. provided earnings guidance for the upcoming quarters of 2024. The company confident that gross margin will remain robust due to high client satisfaction with battery products, and the company anticipated continued growth in net income in the upcoming quarters. Aankondiging • Aug 01
CBAK Energy Technology, Inc. to Report Q2, 2024 Results on Aug 09, 2024 CBAK Energy Technology, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 09, 2024 Aankondiging • Jun 05
CBAK Energy Technology, Inc. Unveils Breakthrough in Fast-Charging Technology with Enhanced Model 32140 Battery, Achieving Full Charge in Just 35 Minutes CBAK Energy Technology, Inc. announced a significant technological advancement with its model 32140 battery, a large cylindrical lithium-ion battery mass produced at its Nanjing facility. The Company has successfully upgraded and innovated the battery structure, adopting a brand-new design based on the original battery cell structure. This upgrade has enabled the model 32140 large cylindrical battery to increase its fast-charging capability from the original 0.8C fast charging rate and a full charge in 75 minutes to a 1.8C fast charging rate and a full charge within just 35 minutes, achieving 1.25 times faster charging speed. Additionally, the battery's cycle life under high-current charge and discharge has doubled, enhancing the overall durability and efficiency of the product. CBAK Energy has filed a patent application for this novel technology with the relevant authorities in China, anticipating imminent approval. The model 32140 large cylindrical battery is currently one of the most mature large cylindrical battery solutions on the market. Since commencing mass production in the second half of 2021, it has undergone more than two years of market validation, leading to a significant increase in sales. With the integration of innovative technologies facilitating the product iterations and upgrades, alongside the addition of new clients, the Company anticipates a substantial increase in sales of this product in key markets such as India and China this year. Aankondiging • May 12
CBAK Energy Technology, Inc. announced delayed 10-Q filing On 05/10/2024, CBAK Energy Technology, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • Mar 17
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: US$0.011 loss per share (improved from US$0.11 loss in FY 2022). Revenue: US$204.4m (down 18% from FY 2022). Net loss: US$1.02m (loss narrowed 89% from FY 2022). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Electrical industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 19 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 07
CBAK Energy Technology, Inc. to Report Q4, 2023 Results on Mar 15, 2024 CBAK Energy Technology, Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 15, 2024 Reported Earnings • Nov 10
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: US$0.071 (up from US$0 in 3Q 2022). Revenue: US$63.4m (up 9.9% from 3Q 2022). Net income: US$6.33m (up US$6.34m from 3Q 2022). Profit margin: 10.0% (up from 0% in 3Q 2022). Revenue exceeded analyst estimates by 30%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Aankondiging • Oct 31
CBAK Energy Technology, Inc. to Report Q3, 2023 Results on Nov 09, 2023 CBAK Energy Technology, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 09, 2023 Aankondiging • Oct 21
CBAK Energy Technology, Inc., Annual General Meeting, Dec 15, 2023 CBAK Energy Technology, Inc., Annual General Meeting, Dec 15, 2023, at 09:00 China Standard Time. Location: at BAK Industrial Park, Meigui Street, Huayuankou Economic Zone Dalian China Agenda: To consider and elect five persons to the Board of Directors of the Company, each to serve until the next annual meeting of stockholders of the Company or until such person shall resign, be removed or otherwise leave office; to consider and ratify the appointment of ARK Pro CPA & Co as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023; to consider and approve the CBAK Energy Technology, Inc. 2023 Equity Incentive Plan; to consider and have an advisory vote on the compensation of the Company’s Named Executive Officers; to consider and vote to approve, on an advisory basis, the frequency of the voting with respect to the compensation of the Company’s Named Executive Officers; and to transact such other business as may properly come before the Annual Meeting or at any postponement or adjournment of the Annual Meeting. Aankondiging • Oct 05
CBAK Energy Technology, Inc. Receives Non-Compliance Notice From Nasdaq On September 27, 2023, the CBAK Energy Technology, Inc. received a letter (the “Bid Price Deficiency Notice”) from the listing qualifications department staff of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the “Bid Price Requirement”). The Bid Price Deficiency Notice has no immediate effect on the listing of the Company’s common stock, and the Company’s common stock continues to trade on the Nasdaq Capital Market. In accordance with Nasdaq listing rule 5810(c)(3)(A), the Company has 180 calendar days from the date of the Bid Price Deficiency Notice, or until March 25, 2024, to regain compliance with respect to the Bid Price Requirement. The Bid Price Deficiency Notice states that to regain compliance with the Bid Price Requirement, the closing bid price of the Company’s common stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days during the compliance period ending March 25, 2024. If the Company fails to regain compliance with the Bid Price Requirement by March 25, 2024, the Company may be eligible for an additional 180-day compliance period to demonstrate compliance with the Bid Price Requirement. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Bid Price Requirement, and will need to provide written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. If the Company does not qualify for the second compliance period or fails to regain compliance with the Bid Price Requirement during the second 180-day period, Nasdaq will notify the Company of its determination to delist the common stock, at which point the Company would have an opportunity to appeal the delisting determination to a Hearings Panel. The Company intends to actively monitor the closing bid price of the Company’s common stock between now and March 25, 2024 and may, if appropriate, evaluate available options to resolve the deficiency and regain compliance with the Bid Price Requirement. While the Company is exercising diligent efforts to maintain the listing of its common stock on Nasdaq, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing standards. Aankondiging • Aug 27
CBAK Energy Technology, Inc. Announces Management Changes On August 22, 2023, Ms. Xiangyu Pei resigned from her positions as the Interim Chief Financial Officer and Secretary of CBAK Energy Technology, Inc. (the “Company”), effectively immediately. Ms. Pei’s resignation was due to personal reasons and not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Ms. Pei will continue to serve as a director on the Board of the Company and take on responsibilities in the Company’s finance department. On August 22, 2023, the Board of Directors appointed Mr. Jiewei Li as the Chief Financial Officer and Secretary of the Company, effective immediately. Mr. Li, 33, has been the Company’s investor relations manager since 2021. Prior to joining the Company, from 2018 to 2021, Mr. Li had worked at multiple fund management companies in China where he focused on structuring various investment products. Before that, from 2014 to 2018, he had worked for several renowned American real estate developers in their fund management departments, responsible for capital market affairs. Mr. Li received a Master’s Degree in Political and Public Administration from the Chinese University of Hong Kong in 2014. New Risk • Aug 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$97.0m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$97.0m market cap). Reported Earnings • Aug 11
Second quarter 2023 earnings released: US$0.03 loss per share (vs US$0.009 profit in 2Q 2022) Second quarter 2023 results: US$0.03 loss per share (down from US$0.009 profit in 2Q 2022). Revenue: US$42.4m (down 25% from 2Q 2022). Net loss: US$2.63m (down 427% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Aankondiging • Jul 28
CBAK Energy Technology, Inc. to Report Q2, 2023 Results on Aug 09, 2023 CBAK Energy Technology, Inc. announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 09, 2023 Aankondiging • Jun 03
CBAK Energy Technology, Inc. announced that it has received CNY 25 million in funding from Shenzhen Hello Tech Energy Co., Ltd. CBAK Energy Technology, Inc. announced that it has entered into agreement for a private placement of gross proceeds of CNY 25,000,000 on June 1, 2023. The transaction included participation from new investor Shenzhen Hello Tech Energy Co., Ltd. Aankondiging • May 12
CBAK Energy Technology, Inc. announced delayed 10-Q filing On 05/11/2023, CBAK Energy Technology, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • Apr 12
Full year 2022 earnings released: US$0.11 loss per share (vs US$0.70 profit in FY 2021) Full year 2022 results: US$0.11 loss per share (down from US$0.70 profit in FY 2021). Revenue: US$248.7m (up 372% from FY 2021). Net loss: US$9.45m (down 115% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: US$0 (vs US$0.23 in 3Q 2021) Third quarter 2022 results: EPS: US$0 (down from US$0.23 in 3Q 2021). Revenue: US$57.7m (up US$48.2m from 3Q 2021). Net loss: US$290 (down 100% from profit in 3Q 2021). Profit margin: 0% (down from 209% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: US$0.009 (vs US$0.031 in 2Q 2021) Second quarter 2022 results: EPS: US$0.009 (down from US$0.031 in 2Q 2021). Revenue: US$56.3m (up US$50.5m from 2Q 2021). Net income: US$805.2k (down 70% from 2Q 2021). Profit margin: 1.4% (down from 46% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 17% share price gain to US$1.25, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 22x in the Electrical industry in the US. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$1.15, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 21x in the Electrical industry in the US. Total returns to shareholders of 9.5% over the past three years. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 17% share price gain to US$1.34, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 21x in the Electrical industry in the US. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorated over the past week After last week's 18% share price decline to US$1.31, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 25x in the Electrical industry in the US. Total returns to shareholders of 152% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 15% share price gain to US$2.11, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 24x in the Electrical industry in the US. Total returns to shareholders of 322% over the past three years. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS US$0.23 (vs US$0.001 in 3Q 2020) Third quarter 2021 results: Revenue: US$9.56m (down 10.0% from 3Q 2020). Net income: US$20.0m (up US$20.0m from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. 