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FREYR Battery Shares Gain Post Q1 Results

By Akanksha Bakshi
  • FREYR Battery SA's (NYSE:FREYfirst-quarter net loss widened to $(34.91) million from $(11.89) million a year ago.
  • Loss from operations was $(27.6) million versus $(11.92) million in 1Q21.
  • EPS loss narrowed to $(0.30) from $(0.32) last year, missing the consensus of $(0.14).
  • As of March 31, 2022, FREYR held cash and equivalents of $524.6 million.
  • FREYR is exploring capital formation solutions to finance giga-scale development with several global financial institutions and government entities in Norway, the U.S., and the EU.
  • "With three new conditional customer offtake agreements signed in recent weeks and more in advanced stages of negotiations, visibility is building to accelerate development beyond our initial combined Gigafactory 1 & 2," commented CEO Tom Einar Jensen.
  • Price Action: FREY shares are trading higher by 3.64% at $7.40 during the premarket session on Wednesday.
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Dive Deeper:
Archer Aviation Shares Gains Post Q1 Results
Archer Aviation Inc (NYSE:ACHR) reported a first-quarter net loss of $(59.2) million, wider than the $(43.3) million loss in 4Q21 and narrower…
BlackSky Shares Slide Post Q1 Results
BlackSky Technology Inc (NYSE:BKSY) reported first-quarter revenue growth of 91% year-over-year to $13.9 million, beating the consensus of $11 million. Imagery and…
Playboy Parent Shares Pop Post Q1 Results
PLBY Group Inc (NASDAQ:PLBY) reported first-quarter FY21 sales growth of 63% year-on-year to $69.38 million, beating the consensus of $68.53 million. Direct-to-consumer revenue…
Exela Shares Plunge Post Q1 Miss
Exela Technologies, Inc (NASDAQ:XELA) reported a preliminary first-quarter FY22 revenue decline of 6.9% year-on-year to $279.4 million, missing the consensus of $284.9 million.…
One subscription that gives you access to news from hundreds of sites
Eneti Stock Slips Post Q1 Results
Eneti Inc (NYSE:NETI) reported a first-quarter revenue decline of 62.5% year-over-year to $22.44 million, beating the consensus of $18.11 million. GAAP EPS was…
RADCOM Shares Gain On Q1 Beat, Guidance Boost
RADCOM Ltd (NASDAQ:RDCM) reported first-quarter FY22 revenue growth of 16% year-on-year to $10.6 million, ahead of the consensus of $10.2 million. The non-GAAP…
Get all your news in one place