Ceres Power Holdings Plc. (OTCPK:CPWHF) Q2 2024 Earnings Conference Call September 27, 2024 4:30 AM ET
Company Participants
Phil Caldwell – Chief Executive Officer
Eric Lakin – Chief Financial Officer
Patrick Yau – Director of Investor Relations
Conference Call Participants
Ken Rumph – Goodbody
Sean McLoughlin – HSBC
Nick Walker – Peel Hunt
James Carmichael – Berenberg
Skye Landon – Redburn Atlantic
Operator
Welcome to the Ceres Power Holdings Plc Interim Results Investor Presentation. Throughout this recorded presentation, investors will be in listen-only mode. Questions are encouraged and they can be submitted at any time using the Q&A tab just situated on the right hand corner of your screen.
Before we begin, we’d like to submit the following poll, and I’m sure the company would be most grateful for your participation.
And I’d now like to hand over to CEO, Phil Caldwell. Good morning.
Phil Caldwell
Good morning, everybody, and thank you for joining. I’m joined by Eric Lakin, CFO. And this morning, we’re going to talk you through what I believe is a very strong set of interim results for Ceres Power.
So we’ve been having a fantastic year this year. We’ve signed two new stack licensed partners, major manufacturers, and one system licensed partner this year to date. That’s resulted in a record first half year revenue increasing by 144% to GBP28.5 million and gross profit increasing also by more than 200% to GBP22.9 million. That’s backed by a record order intake of just under GBP47 million in the first half and we’ve been busy since then as well. So order intake as we stand at the end of August is actually over GBP100 million.
We now have four global stack manufacturing license partners progressing towards scale production. And it’s not just that we have four, but it’s the quality
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