Hexagon Purus $HPUR (+6.98%) - Q2 numbers

Decent sales boost. 🥳🚀

Waiting for all the hydrogen skeptics. 🤣

https://s3.eu-central-1.amazonaws.com/hexagonpurus-website/HPUR-Q2-2024-Presentation.pdf

"Key developments in Q2 2024: All-time high quarterly revenue of NOK 528 million in Q2 2024, an increase of 60% compared to Q2 2023. YTD revenue in Q2 2024 was NOK 935 million, an increase of 63% compared to the same period in 2023; EBITDA was NOK -97 million in Q2 2024, compared to NOK -89 million in the same period last year. This corresponds to an EBITDA margin of -18% in the second quarter of 2024, compared to -27% in the second quarter of 2023. YTD as of the second quarter of 2024, the EBITDA margin is -21%, compared to -35% in the same period of the previous year. The Hydrogen Mobility & Infrastructure (HMI) segment recorded positive EBITDA in the second quarter and achieved EBITDA of NOK 17 million, which corresponds to an EBITDA margin of 3%. This means that the HMI segment's EBITDA has also been positive since the beginning of the year.

Launch of the Tern RC8, a zero-emission truck to be delivered as part of the long-term agreement between Hexagon Purus and Hino Trucks for complete battery electric vehicles and distributed through Hino's dealer network in the US.

Announcement of a volume production partnership with Toyota North America to supply hydrogen storage systems and battery systems for Toyota's fuel cell electric powertrain kit for commercial vehicles for the North American market.

Exited the quarter with an order backlog consisting of firm orders worth approximately NOK 1.0 billion, providing a solid view of the full year sales target."

Source: Hexagon Purus Newsletter 📰

The translation is not the best, but I think the main points can be guessed.