Welcome to our dedicated page for VivoPower International PLC news (Ticker: VVPR), a resource for investors and traders seeking the latest updates and insights on VivoPower International PLC stock.
VivoPower International PLC (NASDAQ: VVPR) is a global leader in sustainable energy solutions, specializing in the development, building, and operation of solar power projects. The company aggregates photovoltaic (PV) solar projects under long-term power purchase agreements and then manages corporate and project financing, engineering design, equipment procurement, and construction. VivoPower operates through several segments, including Solar Development, Critical Power Services, Sustainable Energy Solutions, and Electric Vehicles, with the majority of its revenue coming from Critical Power Services, primarily in Australia.
Recent Achievements and Current Projects
VivoPower's subsidiary, Tembo e-LV B.V. ("Tembo"), recently secured a follow-on strategic equity investment of USD 5 million, affirming the company's robust financial health and growth prospects. Tembo focuses on electric utility vehicles (EUVs) for fleet owners in sectors like mining, agriculture, and government. VivoPower continues to retain a majority stake in Tembo, which recently met milestones for a final follow-on investment.
Another exciting development involves Tembo's joint venture with Francisco Motor Corporation in the Philippines, which has secured 1,300 order commitments for electric jeepneys, valued at an estimated USD 30 million. This initiative aims to modernize the Philippines' jeepney industry, aligning with VivoPower's mission to provide sustainable energy solutions globally.
Moreover, VivoPower has begun delivering next-generation EUV powertrain conversion kits to its Canadian distributor, Access Industrial Mining Inc. These kits convert diesel-powered 4x4 LandCruiser and Hilux vehicles into electric utility vehicles, supporting corporate clients in achieving their net-zero carbon goals.
About VivoPower
VivoPower is an award-winning B Corporation dedicated to providing turnkey decarbonization solutions for its clients. The company operates in multiple countries, including Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates. VivoPower's core purpose is to facilitate the transition to net-zero carbon status for its customers through innovative, sustainable energy solutions.
Financial Condition and Partnerships
VivoPower's financial health is bolstered by strategic investments and partnerships. The company has a strong presence in Australia, generating most of its revenue from this region. Recent equity investments and joint ventures highlight its commitment to sustainable growth and innovation.
As of the first half of 2024, VivoPower's financial results are preliminary but reflect a stable and promising outlook. The company continues to attract significant investments, further supporting its ambitious projects and long-term objectives.
For more detailed and the latest updates on VivoPower International PLC, visit their official website or follow their NASDAQ profile.
VivoPower International PLC (VVPR) has successfully filed its 2024 Annual Report on Form 20-F on December 19, 2024, following the completion of its independent audit for the year ended June 30, 2024. The filing remedies previous non-compliance with Nasdaq listing requirements, specifically Rule 5250(c)(1). The company attributed the delay in filing to significant strategic changes, including business unit divestitures.
VivoPower International PLC (VVPR) has successfully regained compliance with Nasdaq's Listing Rule 5550(a)(2) on December 10, 2024. The company received official notification from Nasdaq's Listing Qualifications Department confirming that its common stock maintained a minimum bid closing price of $1.00 per share or greater for 10 consecutive business days, meeting the exchange's minimum bid price requirement.
VivoPower International (NASDAQ: VVPR) announced that its subsidiary, Caret Digital, has secured an asset-backed financing facility to acquire up to 1,000 Antminer L9s for DOGE coin mining. The mining equipment, expected for delivery from December 2024, will have a total hash rate of approximately 17,000 GH/s. Based on current DOGE coin prices and power costs of 8c/watt, this initial fleet has the potential to generate annual revenues of up to US$25 million. The financing facility is non-dilutive to VivoPower shareholders.
VivoPower International (NASDAQ: VVPR) has announced its upcoming Annual General Meeting scheduled for December 30, 2024, at 1:00 p.m. London time, to be held at the company's London offices.
The AGM agenda includes key resolutions such as the presentation of annual accounts and reports, directors' remuneration report, auditor-related matters (re-appointment and remuneration), extension of William Langdon's directorship, and approval for potential mergers or divestments.
Shareholders will receive formal AGM notice, proxy forms, and dial-in details within the statutory notification period.
VivoPower International's subsidiary Tembo has announced the launch of its EUV25 EPower conversion kit for Landcruisers at Automechanika Dubai 2024, taking place from December 10-12 at the Dubai World Trade Centre. The kit is specifically designed for rugged off-road terrain and heavy payload conditions.
Tembo will collaborate with UAE-based ONE MOTO at the event, which is the largest automotive aftermarket show in the Middle East, Africa, and South Asia region. The show will feature over 2,200 exhibitors from 161 countries across 17 halls, with an estimated 60,000 attendees. The EUV25 builds on the Land Cruiser LC70's design, which is particularly popular in the UAE and GCC region for industries like oil exploration, agriculture, and logistics.
VivoPower announced that its subsidiary, Caret Digital, will begin Dogecoin mining operations in January 2025, utilizing renewable-powered facilities in Wisconsin and Oregon. The operation will deploy up to 1,000 Antminer L9s across both locations, with potential to generate annual revenues of up to US$25 million and cash EBITDA of up to US$12 million based on current Dogecoin prices.
The company plans to sell most mined Dogecoins rather than hold them, with free cashflow being reinvested into its Tembo e-LV business. Caret Digital is also developing a 55MW renewable-powered mining facility that could generate up to $150 million in annual revenue. A previously approved spin-off of Caret Digital and special dividend is in progress, with updates pending.
VivoPower International (NASDAQ: VVPR) has scheduled its 20-F annual results and strategic update presentation for Thursday, December 5, 2024, at 4:45 PM Eastern Time. The presentation will include significant strategic updates regarding Caret Digital's Dogecoin mining and spin-off, the Tembo merger, and other key developments. Participants can access dial-in details and webcast information through VivoPower's website. A replay will be available for one year after the presentation.
VivoPower International PLC (NASDAQ: VVPR) has announced it will file its 20-F Annual Report by November 29, 2024, meeting NASDAQ compliance requirements. The filing delay was attributed to significant strategic changes, including the sale of Aevitas critical power businesses and the Tembo business combination agreement with Cactus Acquisition Corp. 1 The company's management has also been focused on completing Tembo e-LV B.V.'s audited accounts for the Form F-4 Registration Statement. Following the 20-F filing, VivoPower will conduct its annual shareholder update call, with details to be released before December 6, 2024.
VivoPower International PLC (VVPR) has received a notice from Nasdaq regarding non-compliance with listing requirements due to delayed filing of Form 20-F for the period ending June 30, 2024. While this doesn't affect current listing status, the company has until January 20, 2025 to submit a compliance plan. The delay is attributed to significant strategic changes, including the sale of Aevitas businesses, Tembo business combination, and proposed Caret Digital spin-off. VivoPower aims to file the Form 20-F before month-end to regain compliance. If needed, Nasdaq may grant up to 180 days (until May 19, 2025) for compliance upon plan acceptance.
VivoPower's subsidiary Tembo has secured full on-road homologation vehicle type approval (VTA) for its Tembo Tusker electric vehicles in Australia, becoming only the second electric utility vehicle to achieve this certification. The approval allows Tuskers to be driven both on and off-road across all Australian territories. Operating in the US$10 billion Australasian pick-up truck market, the Tusker range includes single and dual-cab configurations with 65Kwh and 77Kwh variants, offering ranges of 330-400 km per charge, 1000 kg payload capacity, and 750 kg towing capacity. Tembo plans to expand into other markets including UAE, Africa, Europe, Asia, and Canada.
FAQ
What is the current stock price of VivoPower International PLC (VVPR)?
What is the market cap of VivoPower International PLC (VVPR)?
What does VivoPower International PLC do?
What are the recent achievements of VivoPower?
What segments does VivoPower operate in?
Where does VivoPower generate most of its revenue?
Who are VivoPower's partners?
What is Tembo's role in VivoPower?
What recent projects has Tembo undertaken?
What is VivoPower's mission?
How does VivoPower support sustainability?
In which countries does VivoPower operate?
