Volta Technologies Reports Q3 GAAP EPS of -$0.25, Beating Analyst Estimate by $0.04

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Volta ($NYSE:VLTA) Technologies Inc. (NASDAQ:VLTC) reported Q3 GAAP EPS of -$0.25, which beat the analyst estimate of -$0.29 by $0.04. The company reported quarterly revenue of $14.36 million, which missed the analyst estimate of $14.7 million by $0.34 million. As of September 30, 2022, Cash totaled $11.8 million, and stockholders’ equity totaled $18.3 million. Company Achieved Adjusted EBITDA Positive Results. Shares +2.56%. For the full press release, please visit: https://seekingalpha.com/news/3907422-volta-gaap-eps-of-0_25-beats-0_04-revenue-of-14_36m-misses-0_34m?utm_source=vi.app&utm_medium=referral $bubbleId:240717 Volta Technologies Inc. is a provider of turnkey power solutions for the data center, industrial and telecommunications markets.

The company’s products include UPS systems, generators, solar inverters and energy storage systems. The company reported quarterly revenue of $14.36 million, which missed the analyst estimate of $14.7 million by $0.34 million. As of September 30, 2022, Cash totaled $11.8 million, and stockholders’ equity totaled $18.3 million. Company Achieved Adjusted EBITDA Positive Results. Shares +2.56%.

Earnings

Volta Technologies Inc. reported their latest earning results for the fiscal year 2022, quarter 2 ended June 30. The company showed a total revenue of 44.4 million USD, which is a 37.5% increase from the previous year. They also reported a net income loss of 276.4 million USD. This latest earning report shows that the company is continuing to grow and is on track to achieve their goals for the fiscal year.

Stock Price

Despite this news, the stock has mostly been negative, opening at $1.0 and closing at $1.0 on Monday. This is up 2.7% from the prior closing price of $0.9.

VI Analysis

VOLTA INC is a company that is strong in growth, medium in asset and weak in dividend, profitability. It is classified as ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. The company’s fundamentals reflect its long term potential, below analysis on VOLTA INC are made simple by VI app. Based on VI Star Chart VOLTA INC has an intermediate health score of 6/10 with regard to its cashflows and debt, might be able to sustain future operations in times of crisis. What type of investors may be interested in such company? Growth investors may be interested in VOLTA INC because of its strong growth potential.

However, because the company is considered less stable due to lower profitability, some investors may be hesitant to invest in the company.

VI Peers

The competition in the electric vehicle market is heating up as Volta Inc goes up against major competitors GreenPower Motor Company Inc, RAC Electric Vehicles Inc, and Taiga Motors Corp. All four companies are vying for a share of the rapidly growing market for electric vehicles. Volta Inc has a strong reputation for quality and innovation, and its products are well-regarded by consumers. However, its competitors are also offering compelling products that are attracting buyers. It will be interesting to see how this competition plays out in the coming years.

– GreenPower Motor Company Inc ($TSXV:GPV)

GreenPower Motor Company Inc is an electric vehicle manufacturer. The company has a market cap of 63.67M as of 2022 and a Return on Equity of -31.49%. GreenPower Motor Company Inc designs, builds and distributes electric vehicles for commercial and transit applications worldwide.

– RAC Electric Vehicles Inc ($TPEX:2237)

RAC Electric Vehicles Inc. is engaged in the development, production and sale of electric vehicles. The company has a market cap of $3.66 billion as of 2022 and a return on equity of -10.56%. RAC Electric Vehicles Inc. produces a range of electric vehicles for both the commercial and consumer markets. The company’s products include passenger cars, vans, buses, trucks and motorcycles. RAC Electric Vehicles Inc. has a production capacity of over 1,000 vehicles per year. The company’s products are sold in over 30 countries worldwide.

– Taiga Motors Corp ($TSX:TAIG)

Taiga Motors Corp is a Canadian company that manufactures and sells electric snowmobiles. The company has a market cap of 137.45M as of 2022 and a Return on Equity of -20.99%. Taiga Motors was founded in 2015 by Sam Bruneau and Justin Wiebe. The company’s mission is to provide sustainable transportation solutions for the winter sports industry. Taiga Motors’ products are designed for both recreational and commercial use. The company’s flagship product is the T-Rex, an electric snowmobile that has a range of up to 100 km and a top speed of 70 km/h.

Summary

Investing in VOLTA INC can be a risky proposition, as the company has been embroiled in several controversies in recent years. However, the company’s stock has still managed to perform relatively well, and its products remain in high demand. As such, VOLTA INC could still be a worthwhile investment for those willing to take on the risk.