Energy Vault Holdings (NRGV) Reports Q1 Loss of $0.25

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/21/2026

1. SPCX
2. NVDA
3. NFLX
4. ISRG
5. COF
6. SMCI
7. GOOGL
8. RTX
9. TSLA
10. CRWV

Go back to Energy Vault Holdings (NRGV) Reports Q1 Loss of $0.25

Energy Vault Reports First Quarter 2022 Earnings Results

May 16, 2022 4:05 PM EDT

First quarter 2022 revenue of $42.9 million, driven by the $50.0 million licensing and royalty agreement with Atlas Renewable. GAAP operating income of $20.8 million. GAAP net loss of $20.1 million impacted by one-time IPO transaction costs of $20.6 million and a non-cash charge of $20.2 million for the change in fair value of our warrant liability due to the increase in stock price during the quarter. Adjusted EBITDA of $31.2 million. Began construction of the first Chinese deployment of a 100 MWh EVx gravity-based... More