FREY - FREYR Battery Charges Forward Despite Q4 Loss: Eyes On 2024 Production And Giga America Funding | Benzinga
FREYR Battery, Inc. (NYSE:FREY) shares are trading lower after the company reported fourth quarter FY23.
The company reported an adjusted EPS loss of $(0.13), beating the consensus of $(0.25).
Net loss stood at $(24.2) million (vs. net income of $25.3 million), and GAAP EPS loss came in at $(0.17) vs. EPS of $0.20 a year earlier.
The net loss reflects corporate overhead, spending to support projects and business development activities, research and development spending, and severance and other termination benefits related to restructuring.
As Of December 31, 2023, the company had cash and equivalents and restricted cash of $275.7 million.
FREYR ...