Emeren Group Earnings Reports

Emeren faced revenue declines in Q4 2024 due to project timing delays but maintained a resilient financial position with strong contributions from its high-margin DSA and IPP businesses. The company reported revenue of $34.6 million, a net loss of $11.8 million, and a gross margin of 13.9%. Despite foreign exchange losses impacting profitability, Emeren increased its cash position and remains well-positioned for 2025 growth.

Emeren Group's Q3 2024 revenue reached $12.9 million, with a gross profit of $5.6 million and a gross margin of 43.8%. The company achieved an operating profit of $2.1 million and a net income of $4.8 million, supported by a foreign exchange gain. Focus remains on high-margin growth, with the IPP segment contributing significantly.

Emeren Group reported $30.1 million in revenue, a gross profit of $9.4 million, and a net income of $0.4 million in Q2 2024. Despite a year-over-year revenue decline of 11% due to reduced RTB sales, the company achieved a rebound from a net loss in Q1 2024. The company reaffirmed full year revenue guidance of $150 to $160 million.

Emeren Group reported a 15% year-over-year increase in revenue, reaching $14.8 million, driven by its DSA and IPP segments. The company's gross profit more than doubled, leading to a gross margin of 27.2%. While an operating loss was recorded, it was significantly reduced from the previous year, although a net loss was impacted by a write-off and unrealized foreign exchange loss.

Emeren Group's Q4 2023 saw a 71% year-over-year increase in revenue, reaching $44.0 million. However, the company experienced a net loss of $8.1 million, impacted by project delays, a $4.1 million adjustment to earnout revenue in Poland, and $5.0 million in write-offs. Despite these challenges, cash and cash equivalents increased to $70.2 million.