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We are a designer and manufacturer of high-performance energy storage systems ( ESS ) for residential and commercial applications. Our product portfolio includes the NV14, NV24, NVPlus, NV7600 stand-alone inverter, and most recently, the NV16 kW AC hybrid inverter with 24 kW PV input and a 250 kW / 430 kWh commercial and industrial ( C&I ) system.
The business is unprofitable at the operating level (-55.97% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 218.6% YoY with margins expanding 32.4pp.
ROIC dropped from -33.38% to -70.08%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$18M
▲ +218.6% YoY
Net Income (TTM)
-$11M
▼ -118.6% YoY
Op. Margin
-51.96%
▲ +32.4pp YoY
ROIC
-64.45%
▼ -36.7pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$9M
▼ -335.5% YoY
Net Debt
-$10M
Net Cash Position
Cash & Equiv.
$11M
3Y CAGR: +23.5%
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