CBAK Energy Technology Q2 2024 Earnings Report

CBAK Energy Technology EPS Results

• Actual EPS: $0.07
• Consensus EPS: $0.07
• Beat/Miss: Met Expectations
• One Year Ago EPS: -$0.03

CBAK Energy Technology Revenue Results

• Actual Revenue: $47.79 million
• Expected Revenue: $62.57 million
• Beat/Miss: Missed by -$14.78 million
• YoY Revenue Growth: N/A

CBAK Energy Technology Announcement Details

• Quarter: Q2 2024
• Date: 8/9/2024
• Time: Before Market Opens

CBAK Energy Technology (NASDAQ:CBAT), together with its subsidiaries, manufacture, commercialization, and distribution of lithium ion high power rechargeable batteries in Mainland China, the United States, Europe, and internationally. The company operates in two segments, CBAK and Hitrans. Its lithium batteries are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles, such as electric bicycles, electric motors, electric tricycles, and smaller-sized electric cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools. The company also develops and manufactures NCM precursor and cathode materials. The company was formerly known as China BAK Battery, Inc. and changed its name to CBAK Energy Technology, Inc. in January 2017. CBAK Energy Technology, Inc. is based in Dalian, China.