FREY Earnings Prediction
The chart below shows how FREY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FREY sees a +9.81% change in stock price 10 days leading up to the earnings, and a -1.43% change 10 days following the report. On the earnings day itself, the stock moves by -1.37%. This data can give you a slight idea of what to expect for the next quarter's release.
FREY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
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Gross Margin
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Operating Margin
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--
Net Margin
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EPS
-0.19
-5.56%
-5.00%
No Data Available
FREY Earnings Analysis
FREYR Battery, Inc. Corporation (FREY.N) Earnings Conference Call
Positive
Freyr's Board of Directors and leadership team are aligned and committed to establishing a profitable business with a focus on executing their strategy for success. New appointments to the board and leadership positions position Freyr to capitalize on evolving industry and market conditions for long-term success.
Freyr's financial strength is highlighted, with a cash position of over $200 million, no debt on the balance sheet, and measures implemented to extend the cash runway to approximately 36 months. The company's strong balance sheet provides flexibility and stability in navigating the current financial environment.
Freyr's conventional technology strategy is emphasized as a key focus to achieve first revenue and EBITDA as soon as 2025. The company is advancing its downstream model impact opportunities, which are financeable and offer highly attractive economic returns due to their relatively modest capital intensity and shorter construction lead times.
Freyr's human capital is highlighted as a primary source of value creation and competitive differentiation in the battery industry. The company has demonstrated world-class technical and operational expertise, attracting attention from potential partners and positioning Freyr as a key player in the battery and adjacent industries.
Freyr's focus on the energy transition and the role of batteries as a key enabler is emphasized, highlighting the company's position at the forefront of this revolution. With partnerships across the battery value chain and a commitment to developing competitive battery solutions based on the 24M platform, Freyr is well-positioned to capitalize on the increasing demand for battery solutions globally.
Negative
- The company has not achieved profitability yet, with a focus on generating first revenue and EBITDA as soon as 2025.
- The equity of the company currently trades below cash value, indicating that the market does not fully recognize the hidden value in the assets.
- Despite the challenges facing the battery industry, there is still uncertainty around when risk appetite in the capital markets will return.
- The company's cash utilization in Q2 2024 was $31 million, higher quarter-over-quarter, potentially impacting the cash position.
- The industry and capital markets are evolving rapidly, creating a need for the company to adapt its strategy and focus on projects that are quickest to market to address the changing landscape.
