Nuvve Holding Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

Nuvve Holding (NASDAQ:NVVE) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$2.71m (up 390% from 3Q 2022).
• Net loss: US$8.58m (loss widened by 28% from 3Q 2022).
• US$0.27 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nuvve Holding Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 41%. Earnings per share (EPS) missed analyst estimates by 3.8%.

Looking ahead, revenue is forecast to grow 84% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are down 17% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 5 warning signs for Nuvve Holding (4 are a bit unpleasant!) that you should be aware of.

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