| (USD) | Dec 2023 | Q/Q |
|---|---|---|
| Revenue | 56.2MM | -11% |
| Gross Profit | 12.7MM | +4% |
| Cost Of Revenue | 43.5MM | -15% |
| Operating Income | -5.9MM | -211% |
| Operating Expenses | 18.6MM | - |
| Net Income | -4.8MM | -175% |
| R&D | 3.9MM | +52% |
| G&A | 4.5MM | +38% |
| Marketing | 2.1MM | +88% |
| Amortization | 98.9K | -26% |
| Interest Expense | - | - |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
By Brian Lantier, CFA NASDAQ:CBAT READ THE FULL CBAT RESEARCH REPORT WHAT’S NEW CBAK Energy Reports 4th Quarter and Full Year 2023 Results On March 15, 2024, CBAK Energy Technology (NASDAQ:CBAT) released fourth quarter and full-year results which included the following highlights: • Battery revenues of $36.8 million (vs our estimate of $39.4 million) up 30.9% from a year ago, principally due to
CBAK Energy Technology, Inc. (NASDAQ:CBAT) Q4 2023 Earnings Call Transcript March 15, 2024 CBAK Energy Technology, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, ladies and gentlemen. Thank you for standing by. Welcome to CBAT Energy Technology’s […]
CBAK Energy Technology, Inc. ( NASDAQ:CBAT ) shareholders should be happy to see the share price up 25% in the last...
Robust Battery Business Growth Amidst Overall Revenue Decline
CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company") a leading lithium-ion battery manufacturer and electric energy solution provider in China, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2023.
CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy", or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2023 on Friday, March 15, 2024, before the U.S. market opens. The earnings results will be available on the Company's Investor Relations website, and will be filed with the Securities and Exchange Commissio
The electric vehicle market has seen strong momentum these past few years, with industry experts expecting it to grow to $951.9 billion by 2030 with a 13.7% CAGR. Strong support from the government for the adoption of EVs has opened up opportunities for investors to look at related sectors. Lithium, one of the components for building rechargeable batteries used in EVs, can benefit from this potential growth. Experts see the lithium battery market growing by 14.2% CAGR to $187.1 billion by 2032.
In this article, we discuss the 12 best lithium and battery stocks to buy according to financial media. If you want to skip our detailed analysis of these stocks, go directly to 5 Best Lithium and Battery Stocks to Buy According to Financial Media. The global demand for batteries, and lithium batteries in particular, has […]
By Brian Lantier, CFA NASDAQ:CBAT READ THE FULL CBAT RESEARCH REPORT CBAK Energy Technology (NASDAQ:CBAT) reports impressive third-quarter revenues as the energy storage market remains strong. • Revenues grew sharply jumping 9.9% year over year and 49.6% sequentially to $63.4 million • More importantly battery revenues grew to $44.3 million up $18.5 million or 71.5% from the same period of 2022.
CBAK Energy Technology, Inc. (NASDAQ:CBAT) Q3 2023 Earnings Call Transcript November 9, 2023 CBAK Energy Technology, Inc. beats earnings expectations. Reported EPS is $0.07046, expectations were $-0.03. Operator: Good day, ladies and gentlemen. Thank you for standing by. And welcome to CBAT Energy Technology’s Third Quarter 2023 Earnings Conference Call. Currently, all participants are in […]