NOVONIX Limited

NasdaqGM:NVX Stock Report

Market Cap: US$158.6m

NOVONIX Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Mike O'Kronley

Chief executive officer

US$1.0m

Total compensation

CEO salary percentage37.12%
CEO tenure1yr
CEO ownershipn/a
Management average tenure1.3yrs
Board average tenure3.6yrs

Recent management updates

Recent updates

Seeking Alpha Nov 24

Novonix: A Potential Battery Darling

Summary Novonix is fairly valued despite recent volatility, with a unique position as North America's only synthetic graphite producer and ambitious expansion plans. Key catalysts include anti-dumping tariff decisions, binding customer contracts with Panasonic and PowerCo, and finalizing a $750M DOE loan, all critical for NVX's outlook. Risks include heavy dilution, uncertain customer commitments, and vulnerability to US-China relations impacting graphite prices and demand for synthetic graphite. Given speculative economics and funding uncertainties, I remain on the sidelines and do not recommend a buy until NVX secures clearer sales and financing commitments. Read the full article on Seeking Alpha
Seeking Alpha Feb 19

Novonix: Change Of CEO May Bring Greater Focus

Summary Novonix's stock surged after a deal with Volkswagen but fell due to a $44.4m capital raise and CEO resignation. Novonix's broad focus on multiple battery market segments may dilute efforts and delay revenue generation, impacting financial stability. Markets await a new CEO to steer the company through this critical period, emphasizing focus and cash efficiency. Read the full article on Seeking Alpha
Seeking Alpha Nov 22

Novonix Gets Closer To Producing Synthetic Graphite

Summary Novonix has made meaningful strides towards bringing its Chattanooga facility to production. The company has lined up additional offtake partners, including Panasonic and Stellantis. A lack of focus on its Anode Materials division and dwindling cash reserve may hinder the company. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Mike O'Kronley's remuneration changed compared to NOVONIX's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025US$1mUS$373k

-US$93m

Compensation vs Market: Mike's total compensation ($USD1.01M) is below average for companies of similar size in the US market ($USD1.59M).

Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.


CEO

Mike O'Kronley (52 yo)

1yr
Tenure
US$1,005,132
Compensation

Mr. Michael O'Kronley, also known as Mike, is Director of NOVONIX Limited from December 15, 2025, serves as Managing Director since December 15, 2025 and is Chief Executive Officer from May 19, 2025. Mr. O...


Leadership Team

NamePositionTenureCompensationOwnership
Michael O'Kronley
CEO, MD & Director1yrUS$1.01mno data
Robert Long
Chief Financial Officer1.7yrsUS$1.02mno data
Dwayne Johnson
Chief Operating Officerless than a yearUS$461.69kno data
Kimberly Heimart
Chief Legal & Risk Officer1.3yrsUS$470.22kno data
Suzanne Yeates
Financial Controller & Company Secretary10.7yrsno datano data
1.3yrs
Average Tenure
53.5yo
Average Age

Experienced Management: NVX's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Michael O'Kronley
CEO, MD & Directorless than a yearUS$1.01mno data
Robert Natter
Independent Non-Executive Deputy Chair8.8yrsUS$143.93k0.34%
$ 533.0k
Anthony Bellas
Independent Non-Executive Director10.8yrsUS$125.93k0.32%
$ 501.6k
Ronald Edmonds
Independent Chairman3.6yrsUS$470.04k0.048%
$ 76.7k
Jean Oelwang
Independent Non-Executive Director4.2yrsUS$108.43k0.036%
$ 57.0k
Suresh Vaidyanathan
Non-Executive Director2.7yrsUS$90.93kno data
Sharan Burrow
Independent Non-executive Director2.3yrsUS$100.93k0.025%
$ 39.7k
3.6yrs
Average Tenure
67yo
Average Age

Experienced Board: NVX's board of directors are considered experienced (3.6 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 11:05
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

NOVONIX Limited is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian DobsonChardan Capital Markets, LLC
Adrian PrendergastMorgans Financial Limited
Max VickersonMorgans Financial Limited