FREYR Battery Past Earnings Performance
Past criteria checks 0/6
FREYR Battery's earnings have been declining at an average annual rate of -23.5%, while the Electrical industry saw earnings growing at 16.2% annually.
Key information
-23.5%
Earnings growth rate
6.4%
EPS growth rate
| Electrical Industry Growth | 9.9% |
| Revenue growth rate | n/a |
| Return on equity | -20.1% |
| Net Margin | n/a |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
FREYR Battery: The Beaten-Down X-SPAC Restructures And Turns To Solar
Nov 11FREYR Battery: Pessimism Could Be Entirely Priced In
Aug 19Companies Like FREYR Battery (NYSE:FREY) Could Be Quite Risky
Jul 15
FREYR Battery Is Progressing With Its Commercialization Process
May 21Here's Why We're A Bit Worried About FREYR Battery's (NYSE:FREY) Cash Burn Situation
Mar 22FREYR Battery: Why I Am Bearish
Mar 13FREYR Battery: Exiting Position After Multiple Red Flags (Rating Downgrade)
Dec 01FREYR Battery: Growth Story Unravels
Nov 13We're A Little Worried About FREYR Battery's (NYSE:FREY) Cash Burn Rate
Sep 24FREYR Battery: Is It Time To Buy The Energy Storage Ramp Story?
Jul 25Is FREYR Battery (NYSE:FREY) In A Good Position To Deliver On Growth Plans?
Jun 08FREYR Battery Q4 2022 Earnings Preview
Feb 24Is FREYR Battery (NYSE:FREY) In A Good Position To Deliver On Growth Plans?
Jan 31FREYR Battery: Encouraging Progress On The Path To Cell Production
Jan 18Freyr Battery stock rises on signing of first e-mobility offtake agreement
Jan 12FREYR Battery GAAP EPS of -$0.80 misses by $0.46
Nov 14FREYR Battery: We Need What This Company Does
Nov 08Freyr Battery enters into service agreement with ITOCHU
Oct 27FREYR: A Lean, Green, Battery Making Machine
Oct 06FREYR: Norwegian Lithium Battery Company Targets Manufacturing In U.S. And Europe
Sep 28FREYR Battery: Not A Long-Term Buy Despite Strong Momentum
Sep 22FREYR: Growing Ambitions For Rising, Undiscovered Global Battery Player
Sep 14NTE Process to provide equipment for Freyr Battery's Norway gigafactory
Sep 08Freyr, Nidec form largest JV for battery energy storage products
Aug 30Revenue & Expenses Breakdown
How FREYR Battery makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 0 | -107 | 84 | 41 |
| 30 Jun 24 | 0 | -89 | 93 | 39 |
| 31 Mar 24 | 0 | -88 | 101 | 35 |
| 31 Dec 23 | 0 | -72 | 108 | 28 |
| 30 Sep 23 | 0 | -22 | 115 | 23 |
| 30 Jun 23 | 0 | -107 | 112 | 19 |
| 31 Mar 23 | 0 | -77 | 113 | 16 |
| 31 Dec 22 | 0 | -99 | 107 | 14 |
| 30 Sep 22 | 0 | -152 | 93 | 12 |
| 30 Jun 22 | 0 | -104 | 98 | 14 |
| 31 Mar 22 | 0 | -116 | 77 | 14 |
| 31 Dec 21 | 0 | -93 | 62 | 14 |
| 30 Sep 21 | 0 | -71 | 50 | 13 |
| 30 Jun 21 | 0 | -28 | 22 | 8 |
| 31 Mar 21 | 0 | -21 | 15 | 5 |
| 31 Dec 20 | 0 | -10 | 7 | 2 |
Quality Earnings: FREY is currently unprofitable.
Growing Profit Margin: FREY is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FREY is unprofitable, and losses have increased over the past 5 years at a rate of 23.5% per year.
Accelerating Growth: Unable to compare FREY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FREY is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (5.4%).
Return on Equity
High ROE: FREY has a negative Return on Equity (-20.08%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/28 23:23 |
| End of Day Share Price | 2025/01/28 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
FREYR Battery, Inc. is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Julien Dumoulin-Smith | BofA Global Research |
| Gregory Lewis | BTIG |
| Maheep Mandloi | Credit Suisse |