The chart below shows how BCS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BCS sees a -1.16% change in stock price 10 days leading up to the earnings, and a +1.08% change 10 days following the report. On the earnings day itself, the stock moves by +0.57%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Electrolyzer Cell Implementation: Implementation of new small and medium scale electrolyzer cells has increased the ability to develop a consistent and well-defined carbon powder, enhancing production capabilities.
Cash Burn Reduction: A 23% reduction in yearly cash burn rate from 2024 to 2025 has been achieved, resulting in a quarterly cash burn reduction of 3,300,000 NOK compared to Q4 2023.
Funding Secured for Growth: Secured NOK 14,000,000 in funding from Skatefun over three years, alongside additional support from Inarson Norge, strengthening the financial position.
Battery Production Milestone: Produced over 100 coin cell batteries during the year, demonstrating significant progress in technology development and in-house capabilities.
Strategic Industry Partnerships: The company has established strategic partnerships with key players in the battery industry, including signed LOIs with Moro Batteries and Beyonder, indicating strong market interest.
Negative
Cash Burn Analysis: Cash burn in Q4 2024 was 13,300,000 NOK, indicating a significant cash outflow and a 3,300,000 NOK reduction compared to Q4 2023, highlighting ongoing financial strain.
Cash Burn Reduction Challenges: Despite a 23% reduction in yearly cash burn rate from 2024 to 2025, the company still faces challenges in achieving consistent and well-defined carbon powder, which is critical for market entry.
Headcount Reduction Challenges: The company has experienced a 35% reduction in headcount over the past fifteen months, suggesting potential operational inefficiencies and challenges in maintaining adequate staffing levels for technology development.
Technology Development Delays: The technology development process has taken longer than expected, with ongoing difficulties in meeting market specifications for battery industry requirements, indicating potential delays in commercialization.
Revenue Generation Delay: No revenue was recorded in Q4 2024, with expectations for revenue generation starting only in the current year, reflecting a lack of immediate financial returns from ongoing projects.
Earnings call transcript: Bergen Carbon Solutions Q4 2024 highlights innovation
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