Business
ITM Power GAAP EPS of 4.70p, revenue of £15.53M; reaffirms FY outlook
- ITM Power Plc press release (OTCPK:ITMPF): 1H GAAP EPS of 4.70p.
- Revenue of £15.53M (+74.9% Y/Y).
- Adjusted EBITDA loss of £16.8m (H124: £18.1m).
- Cash at the end of H125 of £203.1m (H124: £253.7m).
- Record contract backlog to date of £135.3m, up from £43.7m two years ago.
- Reiteration of full-year revenue guidance, improved adjusted EBITDA losses versus original guidance, and a further improvement to cash:
o Revenue between £18m and £22m.
o Adjusted EBITDA loss between £32m and £36m.
o Cash between £185m and £195m, substantially improved against original FY guidance of £160-175m and previously improved guidance of £170-180m.
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