Its cutting-edge consumer, industrial, and electric vehicle (EV) battery systems deliver more energy in the most efficient manner. The reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.11. You can analyze Romeo Power Inc recent business situations from balance sheets, income statements, cash flow statements and other tables. Annual stock financials by MarketWatch. RMO / Romeo Power Inc short volume is shown in the following chart. The business had revenue of $4.65 million for the quarter, compared to analyst estimates of $5.81 million. Romeo Power has a real chance to be a winner in the space, which makes RMO stock a buy. Get the hottest stocks to trade every day before the market opens 100% free. View the latest RMO financial statements, income statements and financial ratios. The company is estimating 2023 revenue of $765 million. News. Find related and similar companies as well as employees by title and much more. Romeo nearly doubled the size of its order book in November when it signed a five-year production contract with Canada’s Lion Electric Co. Romeo expects to book $234 million in revenue from equipping Lion’s Class 6-8 commercial trucks and buses. The company is headquartered in Los Angeles, California. The company was founded in 2015 and is headquartered in Vernon, California. The deal, which will run through 2025, could represent a significant revenue flow for Romeo Power if the battery-operated Peterbilts catch on. To wit, Romeo already has contracted revenue of around $310 million, with a further $2.4 billion in revenue currently under negotiation. Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Check out RMO latest quarterly and annual financial reports. The Los Angeles-based company, which does business under the name Romeo Power, announced earlier this month that it plans to go public on the New York Stock Exchange through a … Romeo Power shares were up 28% at midday on Tuesday. Romeo Power Technology 's estimated annual revenue is currently $31.9M per year.Romeo Power Technology; received $30.0M in venture funding in August 2017.Romeo Power Technology 's estimated revenue per employee is $245,000Romeo Power Technology 's total funding is $122.6M. Romeo Power Inc. On the heels of weaker-than-expected revenue shares … Romeo Power announced today that it has secured a multi-year production contract with The Lion Electric Co. (“Lion Electric”), a leading OEM in North American electric commercial transportation. The company report on March 11, 2021 that Romeo Power Announces Extension of Redemption Date to the Holders of Public Warrants. Patron. Shareholders in Romeo Power are finding out that electric vehicle (EV) fatigue is a real thing. This is 32.9 percentage points higher than the US Electrical Equipment & Parts industry revenue growth rate of 6.3%. Romeo Systems, a maker of batteries for electric vehicles, offered a first glimpse at its financials in a securities filing for a planned public market debut later this year.. However, analysts expect the company to grow sales from just $10 million in 2020 to $139.65 million in 2021, a year over year growth of 1,300%. The maker of electrification solutions for commercial customers got a valuable supply contract that could produce plenty of revenue … Estimated Revenue & Financials. Detailed financial statements for Romeo Power stock (RMO), including the income statement, balance sheet, and cash flow statement. 68. The company operates through two segments, Romeo Power North America and Joint Venture Support. But Romeo Power expects to make $229 million in revenue by 2023 and $547 million by 2024 (see page 43 of the deck). Romeo Power is currently subject to these supply constraints and, as a result of the significant shortfall in battery cell capacity industrywide, Romeo Power now expects its revenue … Get the latest Romeo Power Inc (RMO) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. When an investor makes a short sale, they do so with the belief that a security will decline in price. "Romeo Power is very excited about this partnership with Lion Electric, which represents Romeo Power’s eighth production contract in North America and nearly doubles our contracted revenue to date. ... Revenue. Romeo Power's revenue in the past year totalled $7.46 million. That makes its EV-to-sales multiple just 6.3 times in … (8,749) $ (242) 2.8 % Romeo Power North America The Romeo Power North America segment's gross loss reflects product and service revenue generated from all customers except the BorgWarner JV, less the associated costs of sales. Romeo Power, Inc. […] It also offers battery management systems; and design, research and development, and other engineering related services. Romeo Power (RMO) drops 15% post-market after warning of serious battery cell shortages and forecasting $18MM-40MM revenue in 2021 down from $140MM forecasted. Romeo Power has to tick multiple boxes and win investor confidence Romeo Power stock could outpace its EV peers in 2021 if it manages to meet or beat Wall Street consensus estimates. The contract is expected to generate $234 million in revenue for Romeo Power over a five-year period beginning in 2021. The answer is fairly simple: Romeo Power. The contract is expected to generate $234 million in revenue for Romeo Power over a five-year period beginning in 2021. © There are also past financial reports for you to reference. Romeo Power last issued its quarterly earnings data on March 29th, 2021. Romeo Power is a battery technology company that creates energy-dense battery packs. Romeo Power, Inc. is an energy technology company delivering electrification solutions for commercial applications. In late January, Romeo Power announced a strategic alliance with Republic Services (NYSE:RSG). 4.65. As of Q2 2021, Romeo Power's revenue has grown 39.2% year over year. Of course, keep in mind that there are other factors to consider, too. The Romeo Power North America segment's gross loss was consistent, period-over-period. Romeo Power Inc. [NYSE: RMO] price surged by 2.90 percent to reach at $0.38. Short Volume is a data set that can be used to understand investor sentiment. Romeo Power Technology market cap is $1.3 b.. View Romeo Power Technology stock / share price, financial statements, key ratios and more at Craft. The risk associated with Romeo Power stock. View Romeo Power (www.romeopower.com) location in California, United States , revenue, industry and description. Romeo Power said it has $300 million in current contracted revenue. Evidently, the past few days of trading have shown the volatility of the stock and its industry in the current market conditions. Revenue Is Coming Through the Door. Close. Subscribe to the Crunchbase Daily. As far as finances are concerned, Romeo Power already has contracted revenue of around $310 million, with a further $2.4 billion in revenue currently under negotiation. Romeo Power (RMO): Q4 GAAP EPS of -$0.24.Revenue of $4.65M (+48.6% Y/Y)Romeo Power now expects its revenue for 2021 to be in the range of $18-40 million.Press Release Click here now. In a preliminary earnings statement released after the markets closed Tuesday, Romeo Power said that it generated $9 million of revenue in 2020, and that it expected its 2021 revenue … 1 day ago. Then, on March 30, 2021, Romeo Power announced that as a result of a significant supply shortage of battery cells, Romeo Power now expects its revenue for 2021 to be in … earnings-and-revenue-growth So it is worth checking the past earnings trajectory of Romeo Power, (below). The company recently expanded its 113,000-square-foot manufacturing facility in Los Angeles. Posted by. Romeo Power, Inc. was founded in 2014 and is headquartered in Vernon, California.
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