VivoPower Files Q3 Financials, Compliance Update

TL;DR

VivoPower dropped its latest financials on Nasdaq, looks like they're staying compliant.

AI Summary

VivoPower International PLC filed a Form 6-K on January 24, 2025, to report its unaudited consolidated statement of financial position as of December 31, 2024. This filing is in compliance with Nasdaq Listing Rule 5250(c)(2). The company is a foreign private issuer and will file its annual reports under Form 20-F.

Why It Matters

This filing provides investors with an update on VivoPower's financial health as of the end of the third quarter, crucial for assessing the company's performance and stability.

Risk Assessment

Risk Level: low — This is a routine financial filing and does not indicate any immediate operational or financial distress.

Key Players & Entities

• VivoPower International PLC (company) — Registrant
• Nasdaq (company) — Listing Exchange
• January 24, 2025 (date) — Filing Date
• December 31, 2024 (date) — Reporting Period End Date

FAQ

Key Financial Figures

• $1.2 million — gross consideration of approximately AU$1.2 million. Revenue from continuing operations i
• $0.06 million — from continuing operations increased to $0.06 million in the half year ended December 31, 202
• $6.2 million — from continuing operations decreased to $6.2 million in the half year ended December 31, 202
• $7.5 million — ar ended December 31, 2024, compared to $7.5 million in the same period of the prior year. T
• $1.13 billion — ny, at a combined equity valuation of US$1.13 billion. The all-stock merger, giving VivoPower
• $1.25 — of up to 10,000,000 Ordinary Shares at $1.25 per share, under the Company’s Re
• $4 million — nal investors, generating approximately $4 million in gross proceeds. On October 3, 2024
• $11 million — month grace period for the repayment of $11 million accrued interest, and a deferral of $8.
• $8.9 million — ion accrued interest, and a deferral of $8.9 million of principal for repayment from April 1
• $1 million — o January 1, 2026. This renders all but $1 million of interest non-current in nature, and
• $2 million — of interest non-current in nature, and $2 million of the principal loan as current as of
• $140 million — and binding investment commitment of CAD$140 million (approximately US$100 million) from GEM
• $100 million — ent of CAD$140 million (approximately US$100 million) from GEM Global Yield LLC SCS (“
• $0.06 m — d from continuing operations revenue of $0.06 million, gross profit of nil, operating l
• $2.6 m — gross profit of nil, operating loss of $2.6 million, and net loss of $6.2 million in

Filing Documents

• form6-k.htm (6-K) — 497KB
• 0001493152-25-003649.txt ( ) — 498KB

Business

Business Overview VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for customised and ruggedised fleet applications, battery and microgrids, solar and critical power technology and services. The Company’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel in Australia, Canada, the Netherlands, the United Kingdom, the United States, and the Philippines. Critical Power Services VivoPower’s Critical Power Services business was known as Aevitas. Aevitas was a key player in the manufacture, distribution, installation and servicing of critical energy infrastructure solutions. Its portfolio spans the design, procurement, installation, and upkeep of power and control systems, including those catering to utility and industrial scale solar farms. Under Aevitas, there were three operating companies, J.A. Martin Electrical, NDT Services and Kenshaw Electrical. J.A. Martin and NDT Services were sold in July 2022 and Kenshaw Electrical was sold in July 2024. VivoPower is completing a restructure of Aevitas given it is now a discontinued operation. 8/15 Electric Vehicles Tembo e-LV B.V. (“Tembo”) is the electric vehicle business unit and brand of VivoPower. It has operating subsidiaries in the Netherlands, Australia, and Asia. Founded in the Netherlands in 1969, Tembo’s genesis was as a specialist off-road vehicle ruggedisation and modification company. This led to the design and development of electric battery conversion kits to replace internal combustion engines (“ICE”) in light utility vehicle fleets, particularly for the mining sector. VivoPower first acquired a shareholding in Tembo in October 2020 before securing full control in February 2021. Since then, the Tembo business has been transformed into a global business and brand with

View Full Filing

View this 6-K filing on SEC EDGAR