Ceres Power Hldgs Plc (CPWHF) Q2 2024 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.917 and welcome to the Ceres Power Holdings PLC interim results investor presentation. 00:00:03.917 -- 00:00:07.061 Throughout this recorded presentation, investors will be in listen-only mode. 00:00:07.061 -- 00:00:10.386 Questions are encouraged, and they can be submitted at any time using the Q&A tab just 00:00:10.386 -- 00:00:13.030 situated on the right-hand corner of your screen. 00:00:13.030 -- 00:00:15.954 Before we begin, we'd like to submit the following poll, and I'm sure the company would 00:00:15.954 -- 00:00:21.122 be most grateful for your participation. And I'd now like to hand over to CEO Phil Caldwell. 00:00:21.122 -- 00:00:22.524 Good morning. 00:00:22.524 -- 00:00:25.394 Good morning, everybody, and thank you for joining. 00:00:25.394 -- 00:00:30.640 I'm joined by Eric Lakin, CFO, and this morning we're going to talk you through what 00:00:30.640 -- 00:00:35.903 I believe is a very strong set of interim results for Ceres Power. 00:00:36.085 -- 00:00:40.130 So we've been having a fantastic year this year. 00:00:40.130 -- 00:00:45.375 We've signed two new stack license partners, major manufacturers, and one system 00:00:45.375 -- 00:00:50.461 license partner this year to date. That's resulted in a record first half year 00:00:50.461 -- 00:00:54.163 revenue, increasing by 144% to 28.5 00:00:54.465 -- 00:01:00.150 million. and gross profit increasing also by more than 200% to 22.9 00:01:00.233 -- 00:01:05.460 million. That's backed by a record order intake of just under 47 00:01:05.460 -- 00:01:09.866 million in the first half. And we've been busy since then as well. 00:01:09.866 -- 00:01:15.974 So order intake as we stand at the end of August is actually over 100 million. 00:01:15.974 -- 00:01:21.020 We now have four g...