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NOVONIX Limited

NOVONIX Limited

NASDAQ•NVX
CEO: Ms. Rashda M. Buttar
Sector: Industrials
Industry: Electrical Equipment & Parts
Listing Date: 2022-02-02
NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments. The Battery Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment, performs consulting services, and carries out research and development in battery development. The company is involved in the investment and real estate borrowing activities; and offers battery technology, battery testing hardware equipment, and battery testing and development consulting services. The company was formerly known as Graphitecorp Limited and changed its name to NOVONIX Limited in July 2017. NOVONIX Limited was incorporated in 2012 and is based in Brisbane, Australia.
Contact Information
46 Edward Street, Level 8, Brisbane, QLD, 4000, Australia
61-4-3931-0818
www.novonixgroup.com
Market Cap
$164.60M
P/E (TTM)
-2.3
34
Dividend Yield
--
52W High
$3.86
52W Low
$0.81
52W Range
10%
Rank55Top 80.0%
2.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q2 2025 Data

Revenue

$2.82M+2.88%
4-Quarter Trend

EPS

-$0.13-63.89%
4-Quarter Trend

FCF

-$56.33M+232.86%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Anode Materials Customer Wins Signed binding offtake agreements with Panasonic, Stellantis, and PowerCo, allocating Riverside facility volume through 2031.
Government Financing Secured Received conditional $754.8M DOE loan commitment for new Enterprise South synthetic graphite plant construction.
Cash Position Maintained Cash reserves stood at $42.6M as of December 31, 2024, supporting ongoing operational expansion efforts.
R&D Milestones Achieved Secured key patents for graphite/silicon alloy composite material in Europe, Japan, and the United States markets.

Risk Factors

Need for Future Capital Requires substantial additional funding to finance growth plans; capital availability on acceptable terms is uncertain.
Production Scale-Up Challenges Significant challenges developing materials at required volumes, yields, and costs; operational risks in complex systems persist.
History of Operating Losses Incurred net losses of $74.8M in 2024; expects continuing significant expenses and losses in the near future.
Executive Management Transition Announced planned CEO transition in January 2025; interim CEO appointed, posing potential disruption risk to operations.

Outlook

Riverside Production Ramp Plans to install equipment to reach 3,000 tpa capacity at Riverside to support Panasonic qualification in early 2026.
Enterprise South Facility Progress Targeting initial 31,500 tpa capacity online at the planned Enterprise South manufacturing plant by 2028.
Cathode Technology Commercialization Pursuing phased commercialization leveraging existing expertise and strategic partnerships for patented zero-waste cathode synthesis.
Finalizing DOE Loan Documents Working to satisfy technical, legal, and financial conditions to finalize the binding $754.8M loan agreement.

Peer Comparison

Revenue (TTM)

JELD-WEN Holding, Inc.JELD
$3.30B
-15.3%
Magnera CorporationMAGN
$3.20B
+144.7%
Titan Machinery Inc.TITN
$2.55B
-8.9%

Gross Margin (Latest Quarter)

Spire Global, Inc.SPIR
36.6%
-7.9pp
Babcock & Wilcox Enterprises, Inc.BW
24.9%
+1.2pp
JELD-WEN Holding, Inc.JELD
17.4%
-1.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BW$1.05B-9.038.5%70.5%
MAGN$500.54M-3.1-14.5%50.5%
SPIR$429.97M13.844.3%3.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-13.2%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 26, 2026
|
EPS:-
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $5.85M-51.8%
    |
    EPS: $-0.60-7.1%
    Meet

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 28, 2024|
    Revenue: $12.13M+228.5%
    |
    EPS: $-0.56-86.2%
    Beat

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Feb 28, 2023|
    Revenue: $3.69M-39.5%
    |
    EPS: $-0.30+31.7%
    Miss

  • Form 20-F - FY 2021

    Period End: Jun 30, 2022|Filed: Aug 31, 2022|
    Revenue: $4.43M+16.7%
    |
    EPS: $-0.32-182.8%
    N/A