Itm Power Share Discussion Threads

[5barney] 31/1/2023 09:25

I can’t remember an update where they haven’t said deferred till next financial year, but that year never comes

[skinny] 31/1/2023 09:21

"While ITM is solidifying its foundations, competitors are facing (similar) challenges. The race has just begun".

[hurricane99] 31/1/2023 09:17

Looks like Motive could be getting canned as well.

[moontheloon] 31/1/2023 09:16

They got some profits from drawing punters in at 96+ today. It's such a balance of emotions the now versus the potential future

[markeveritt67] 31/1/2023 09:14

Why are we up today, watching this from behind the sofa !

[owenski] 31/1/2023 09:14

· Full-year revenue now expected to be c.£2m with further revenue deferred into the next financial year

· Adjusted EBITDA loss expected to be in the range of £85m to £95m

· Net cash at year-end expected to be in the range of £245m to £270m

2m rev and burning through cash, I'd say this is still over valued.

[folderboy] 31/1/2023 09:12

Not easy listening is it.

[moontheloon] 31/1/2023 09:09

London briefing OTHER COMPANIESITM Power reported revenue of GBP2.0 million in the six months to October 31, down from GBP4.2 million a year earlier. The hydrogen-generating electrolyser system manufacturer's pretax loss widened to GBP56.5 million from GBP15.3 million. Cost of sales climbed to GBP45.6 million from GBP6.8 million in the first half of 2021. Looking ahead, ITM said it expects full-year revenue to be around GBP2 million and its adjusted Ebitda loss to be in the range of GBP85 million to GBP95 million. Chair Roger Bone said: "We raised capital to pursue an expansion strategy and in doing so underestimated the competencies and capabilities required to scale up and to transition from an Research & Development company to a volume manufacturer. As a consequence, we set unrealistic targets for project completion. This has produced an unacceptable financial performance."

[hatfullofsky] 31/1/2023 08:57

In this market !? Loss making business are being hammered. ITM appears to be the exception, even JMAT is down on news of a fantastic agreement

[norbus] 31/1/2023 08:51

SOUR GRAPES
Eat them but DO NOY BURP THEM
Who's betting clever Genius?
No revenue? How are the leading breakthrough businesses valued?

[wall street trader] 31/1/2023 08:47

just don't bet the kitchen sink

[hatfullofsky] 31/1/2023 08:47

Apart from the No revenue bit......

[norbus] 31/1/2023 08:46

As the certain substitute for oil and gas, even if only as a vector that beats batteries, and provides drinking water, geeen hydrogen will be a super prime commodity.

[hatfullofsky] 31/1/2023 08:46

JMAT fall on a great RNS, ITM rises on a marketing stunt. Guess that's the difference between a institutional driven share and a private investor driven share

[grahamwales] 31/1/2023 08:45

Caught a lot of posters out this morning lol

[folderboy] 31/1/2023 08:39

The words are there - it's the spin that is added. In my humble etc. I do find it very hard to understand/believe this rise in the share price based on the RNS. Early in the day maybe. Presentation coming up.

[grahamwales] 31/1/2023 08:36

Yep got it

[hatfullofsky] 31/1/2023 08:34

Whilst we do not expect the project to contribute to our marginGot it now !?

[hatfullofsky] 31/1/2023 08:34

Two 100 MW contracts signed with Linde EngineeringITM Power has signed two contracts, each for the sale of 100 MW of PEM electrolysers to Linde Engineering. Both plants will be installed at a site operated by RWE in Lingen, Germany, and are the largest PEM electrolysers under execution worldwide today.The plants will be the first deployment of the Linde Engineering / ITM Power 10 MW standard module skids for large-scale installations, utilising state-of-the-art MEP 30 bar electrolyser stacks. Whilst we do not expect the project to contribute to our margin, delivery for these two projects will represent a key milestone on ITM Power's journey towards high volume manufacturing of an industrialised product.