VivoPower International PLC Files December 31, 2023 Financial Update

TL;DR

VivoPower dropped its Q3 financials on 4/5, check the balance sheet.

AI Summary

VivoPower International PLC filed a Form 6-K on April 5, 2024, to report its unaudited consolidated statement of financial position as of December 31, 2023. This filing is in compliance with Nasdaq Listing Rule 5250(c)(2). The company's principal executive office is located in London, United Kingdom.

Why It Matters

This filing provides investors with an updated view of VivoPower's financial health as of the end of 2023, which is crucial for assessing its current standing and future prospects.

Risk Assessment

Risk Level: low — This filing is a routine financial update and does not contain significant new risks or material adverse information.

Key Players & Entities

• VivoPower International PLC (company) — Registrant
• December 31, 2023 (date) — Reporting period for financial position
• April 5, 2024 (date) — Filing date
• Nasdaq Listing Rule 5250(c)(2) (regulation) — Rule requiring the filing

FAQ

Key Financial Figures

• $5.9 m — from continuing operations declined to $5.9 million, from $8.7 million in the half ye
• $8.7 million — erations declined to $5.9 million, from $8.7 million in the half year ended December 31, 202
• $7.8 m — from continuing operations decreased to $7.8 million, as compared to a loss of $10.4 m
• $10.4 million — $7.8 million, as compared to a loss of $10.4 million in the half year ended December 31, 202
• $10 billion — ich is expected to open up an estimated $10 billion total addressable market opportunity. O
• $5 million — ollow on strategic direct investment of $5 million into Tembo at a pre-money valuation of
• $120 m — into Tembo at a pre-money valuation of $120 million, from a private investment office
• $0.5 m — evenue of $5.9 million, gross profit of $0.5 million, operating loss of $4.5 million,
• $4.5 m — ofit of $0.5 million, operating loss of $4.5 million, and net loss of $7.8 million in
• $7.8 million — g loss of $4.5 million, and net loss of $7.8 million in the first half of its current fiscal
• $8.7 m — ear when the Group generated revenue of $8.7 million, gross loss of $3.6 million, an o
• $3.6 m — revenue of $8.7 million, gross loss of $3.6 million, an operating loss of $8.2 millio
• $8.2 m — s of $3.6 million, an operating loss of $8.2 million, and a net loss of $10.4 million
• $5.9 million — Power Services businesses, Kenshaw, was $5.9 million for the period, a decrease of 24% compa
• $2.8m — solar project revenue in Aevitas Solar ($2.8m) due to there being no active projects

Filing Documents

• vpip20240402c_6k.htm (6-K) — 612KB
• 0001437749-24-011233.txt ( ) — 613KB

Forward-Looking Statements

Forward-Looking Statements This communication includes certain statements that may constitute "forward-looking statements" for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower's management's current expectations or beliefs and are subject to risk, uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower's business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes and other factors set forth in VivoPower's filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future event

View Full Filing

View this 6-K filing on SEC EDGAR