Revenue growth is explosive but margin compression and net loss widening are severe. Watch for Q2 margin recovery as new lines complete ramp-up and pricing pass-through takes effect. The significant operating cash flow (+$22.3M) is a bright spot. Unsustainable long-term if margins don't recover — high risk/reward for this micro-cap.
Price Chart
Executive Summary
CBAK Energy revenue exploded 99.3% YoY to $69.6M, sharply beating the $70.2M consensus (essentially in-line). Net loss widened to -$9.3M from -$1.6M, pushing GAAP EPS to -$0.10 vs consensus -$0.05 — a 100% miss. Gross margin collapsed to 1.5% from 13.7% due to capacity ramp-up costs and raw material pass-through lag. The top-line momentum is impressive but the profit deterioration is severe, creating a starkly mixed picture for this $69M micro-cap.
Key Financial Metrics
Key Facts
- Revenue $69.62M, +99.3% YoY, near consensus $70.2M
- GAAP EPS -$0.10 vs consensus -$0.05 (100% miss)
- Gross profit $1.04M, gross margin 1.5% vs 13.7% a year ago
- Net loss attributable to shareholders -$9.29M vs -$1.58M YoY
- Operating loss -$9.70M vs -$2.86M YoY
- Operating cash flow +$22.28M; cash + restricted cash $98.6M
- LEV battery revenue +441.6% YoY to $15.41M; Hitrans revenue +120.2% to $32.10M
- Cost of revenues surged 127.6% to $68.58M, outpacing revenue growth
- Three new production lines in ramp-up stage; pricing adjustments expected H2
Financial Impact
Revenue up ~$34.7M, but net loss widened by ~$7.7M YoY; gross margin compressed 1220 bps to 1.5%
Risk Factors
- Gross margin at 1.5% is razor-thin and not sustainable without recovery
- Rising raw material costs may not be fully passed through to customers
- New production lines still in ramp-up phase with elevated unit costs
- History of volatile earnings with large misses
- Micro-cap with $69M market cap has limited liquidity and higher volatility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3296771 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | 6-K | $1.19 | awaiting T+60 | — | $0.8700 (−26.89%) |
Jun 29, 2026 17w ago | 15-12G | $0.5916 $1.46 | ▲ +146.79% | ▲ +143.97% | $0.8700 (+47.06%) |
Jun 23, 2026 17w ago | 8-K | $0.7145 $1.06 | ▲ +48.36% | ▲ +45.52% | $0.8700 (+21.76%) |
May 18, 2026 23w ago | Press Release | $0.7400 $0.7879 | ▲ +6.47% | ▲ +1.62% | $0.8700 (+17.57%) |
May 18, 2026 23w ago | 8-K | $0.7400 $0.7879 | ▲ +6.47% | ▲ +1.62% | $0.8700 (+17.57%) |
May 1, 2026 25w ago | 8-K | $0.7900 $0.4858 | ▲ +38.51% | ▲ +40.36% | $0.8700 (−10.13%) |
Mar 30, 2026 30w ago | Press Release | $0.7900 $0.6312 | ▼ −20.10% | ▼ −36.59% | $0.8700 (+10.13%) |
US Market Status
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