romeo power revenue
To wit, Romeo already has contracted revenue of around $310 million, with a further $2.4 billion in revenue currently under negotiation. View the latest RMO financial statements, income statements and financial ratios. However, analysts expect the company to grow sales from just $10 million in 2020 to $139.65 million in 2021, a year over year growth of 1,300%. The answer is fairly simple: Romeo Power. Romeo Power Inc. [NYSE: RMO] price surged by 2.90 percent to reach at $0.38. Romeo Power, Inc. […] Post-Market 0.05 (0.44%) Romeo Power Inc. Romeo Power said it has $300 million in current contracted revenue. Romeo Power's revenue is the ranked 14th among it's top 10 competitors. Specifically, in Q3 2020's revenue was $ < 1M; in Q2 2020, it was $ < 1M; in Q1 2020, it was $ < 1M. This is 32.09 percentage points higher than the US Electrical Equipment & Parts industry revenue growth rate of 7.11%. Over the last three quarters, Romeo Power's revenue has decreased by 96.7%. The company report on March 11, 2021 that Romeo Power Announces Extension of Redemption Date to the Holders of Public Warrants. Romeo Power NYSE Updated Mar 26, 2021 9:50 PM. The deal values Romeo Power at ~$900 million pre-money equality valuation and $1.3 billion post-money equity value with ~$350 million in cash and no material debt outstanding. Annual stock financials by MarketWatch. Romeo Power has to tick multiple boxes and win investor confidence Romeo Power stock could outpace its EV peers in 2021 if it manages to meet or beat Wall Street consensus estimates. The company was founded in 2015 and is headquartered in Vernon, California. Romeo Power announced today that it has secured a multi-year production contract with The Lion Electric Co. (“Lion Electric”), a leading OEM in North American electric commercial transportation. RMO 11.49 0.06 (0.52%). Get the hottest stocks to trade every day before the market opens 100% free. Detailed financial statements for Romeo Power stock (RMO), including the income statement, balance sheet, and cash flow statement. The contract is expected to generate $234 million in revenue for Romeo Power over a five-year period beginning in 2021. "Romeo Power is very excited about this partnership with Lion Electric, which represents Romeo Power’s eighth production contract in North America and nearly doubles our contracted revenue to date. As of Q1 2021, Romeo Power's revenue has grown 39.2% year over year. Romeo Power's revenue in the past year totalled $7.46 million. Its cutting-edge consumer, industrial, and electric vehicle (EV) battery systems deliver more energy in the most efficient manner. The company is estimating 2023 revenue of $765 million. Click here now. The top 10 competitors average 83.6M. © Romeo Power is a battery technology company that creates energy-dense battery packs. 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