VivoPower (VIVO)
Market Price (11/5/2026): $1.76 | Market Cap: $56.3 MilSector: Information Technology | Industry: Systems Software
VivoPower (VIVO)
Market Price (11/5/2026): $1.76Market Cap: $56.3 MilSector: Information TechnologyIndustry: Systems Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -14% Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Electric Vehicles & Autonomous Driving. Themes include Solar Energy Generation, Battery Storage & Grid Modernization, Show more. | Weak multi-year price returns3Y Excs Rtn is -103% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.5 Mil Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -77% High stock price volatilityVol 12M is 139% Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 696% Key risksVIVO key risks include [1] significant financial instability and going concern uncertainty due to a history of losses and [2] high execution risk tied to its ambitious strategic pivot into EV conversions and sovereign AI compute infrastructure. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -14% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Electric Vehicles & Autonomous Driving. Themes include Solar Energy Generation, Battery Storage & Grid Modernization, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -103% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.5 Mil |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -77% |
| High stock price volatilityVol 12M is 139% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 696% |
| Key risksVIVO key risks include [1] significant financial instability and going concern uncertainty due to a history of losses and [2] high execution risk tied to its ambitious strategic pivot into EV conversions and sovereign AI compute infrastructure. |
Qualitative Assessment
AI Analysis | Feedback
VivoPower (VIVO) stock has lost about 55% since 7/31/2026 because of the following key factors:
1. Auditor expressed doubt about the company's ability to continue as a going concern in its annual filing around mid-October 2026, significantly impacting investor confidence.
2. The IFRS loss from continuing operations widened substantially to US$50.353 million for the fiscal year ended June 30, 2026 (FY2026), a significant increase from a restated US$17.306 million in FY2025. Additionally, Adjusted EBITDA for FY2026 deteriorated to negative US$24.412 million from negative US$11.080 million in FY2025.
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VivoPower (VIVO) stock has lost about 55% since 7/31/2026 because of the following key factors:
1. Auditor expressed doubt about the company's ability to continue as a going concern in its annual filing around mid-October 2026, significantly impacting investor confidence.
2. The IFRS loss from continuing operations widened substantially to US$50.353 million for the fiscal year ended June 30, 2026 (FY2026), a significant increase from a restated US$17.306 million in FY2025. Additionally, Adjusted EBITDA for FY2026 deteriorated to negative US$24.412 million from negative US$11.080 million in FY2025.
3. Despite a strategic pivot to AI data centers, the Mo i Rana facility's US$2.5 million revenue in FY2026 was primarily from bitcoin-mining hosting, with no definitive AI lease signed. Furthermore, the estimated US$411 million financing for the first 40MW AI conversion phase remains unsecured, raising concerns about the execution of its new core strategy.
4. The company disclosed material weaknesses in its disclosure controls and procedures and internal control over financial reporting as of June 30, 2026, and restated its FY2025 comparative financial information.
5. Post-FY2026 year-end, US$28.8 million of related-party loan principal was settled by issuing US$16.5 million in convertible preference shares and US$12.3 million in cash, with approximately US$16 million in accrued interest remaining outstanding. The issuance of convertible preference shares introduces potential dilution, as full conversion could result in approximately 14.2% of outstanding Class A shares.
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Stock Movement Drivers
Fundamental Drivers
The -57.4% change in VIVO stock from 7/31/2026 to 11/4/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312026 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.57 | 1.52 | -57.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | � | 0.0% |
| P/S Multiple | � | � | 0.0% |
| Shares Outstanding (Mil) | 0 | 0 | 0.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
7/31/2026 to 11/4/2026| Return | Correlation | |
|---|---|---|
| VIVO | -57.4% | |
| Market (SPY) | 2.6% | 30.3% |
| Sector (XLK) | 0.7% | 35.6% |
Fundamental Drivers
The -54.2% change in VIVO stock from 4/30/2026 to 11/4/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302026 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.32 | 1.52 | -54.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | � | 0.0% |
| P/S Multiple | � | � | 0.0% |
| Shares Outstanding (Mil) | 0 | 0 | 0.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
4/30/2026 to 11/4/2026| Return | Correlation | |
|---|---|---|
| VIVO | -54.2% | |
| Market (SPY) | 7.0% | 38.6% |
| Sector (XLK) | 10.8% | 40.8% |
Fundamental Drivers
The -48.5% change in VIVO stock from 10/31/2025 to 11/4/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 10312025 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.95 | 1.52 | -48.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | � | 0.0% |
| P/S Multiple | � | � | 0.0% |
| Shares Outstanding (Mil) | 0 | 0 | 0.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
10/31/2025 to 11/4/2026| Return | Correlation | |
|---|---|---|
| VIVO | -48.5% | |
| Market (SPY) | 13.4% | 30.9% |
| Sector (XLK) | 17.9% | 32.4% |
Fundamental Drivers
The -26.9% change in VIVO stock from 10/31/2023 to 11/4/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 10312023 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.08 | 1.52 | -26.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | � | 0.0% |
| P/S Multiple | � | � | 0.0% |
| Shares Outstanding (Mil) | 0 | 0 | 0.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
10/31/2023 to 11/4/2026| Return | Correlation | |
|---|---|---|
| VIVO | -26.9% | |
| Market (SPY) | 89.7% | 7.3% |
| Sector (XLK) | 119.1% | 9.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VIVO Return | -67% | -92% | -22% | -31% | 70% | -33% | -98% |
| Peers Return | 8% | -42% | 55% | 11% | -5% | 1% | 5% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| VIVO Win Rate | 25% | 8% | 33% | 42% | 33% | 36% | |
| Peers Win Rate | 52% | 35% | 60% | 62% | 54% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| VIVO Max Drawdown | -83% | -92% | -84% | -88% | -70% | -77% | |
| Peers Max Drawdown | -22% | -53% | -30% | -35% | -34% | -37% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GEN, S, PATH, CVLT, BBCI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/4/2026 (YTD)
How Low Can It Go
| Event | VIVO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -19.0% | -18.8% |
| % Gain to Breakeven | 23.5% | 23.1% |
| Time to Breakeven | 9 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -44.9% | -7.8% |
| % Gain to Breakeven | 81.5% | 8.5% |
| Time to Breakeven | 229 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -74.1% | -9.5% |
| % Gain to Breakeven | 286.7% | 10.5% |
| Time to Breakeven | 176 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -39.8% | -6.7% |
| % Gain to Breakeven | 66.0% | 7.1% |
| Time to Breakeven | 5 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -50.4% | -33.7% |
| % Gain to Breakeven | 101.7% | 50.9% |
| Time to Breakeven | 79 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -54.0% | -19.2% |
| % Gain to Breakeven | 117.5% | 23.8% |
| Time to Breakeven | 76 days | 105 days |
In The Past
VivoPower's stock fell -19.0% during the 2025 US Tariff Shock. Such a loss loss requires a 23.5% gain to breakeven.
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Asset Allocation
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| Event | VIVO | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -44.9% | -7.8% |
| % Gain to Breakeven | 81.5% | 8.5% |
| Time to Breakeven | 229 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -74.1% | -9.5% |
| % Gain to Breakeven | 286.7% | 10.5% |
| Time to Breakeven | 176 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -39.8% | -6.7% |
| % Gain to Breakeven | 66.0% | 7.1% |
| Time to Breakeven | 5 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -50.4% | -33.7% |
| % Gain to Breakeven | 101.7% | 50.9% |
| Time to Breakeven | 79 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -54.0% | -19.2% |
| % Gain to Breakeven | 117.5% | 23.8% |
| Time to Breakeven | 76 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -56.3% | -3.7% |
| % Gain to Breakeven | 128.6% | 3.9% |
| Time to Breakeven | 1172 days | 6 days |
In The Past
VivoPower's stock fell -19.0% during the 2025 US Tariff Shock. Such a loss loss requires a 23.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About VivoPower (VIVO)
VivoPower International PLC (VIVO) is a sustainable energy solutions company with operations spanning the United Kingdom, Australia, Southeast Asia, and the United States. The company's business is broadly categorized into providing essential energy infrastructure, developing specialized electric vehicles, and advancing renewable energy initiatives.
The company's primary services include Critical Power Services, where it designs, supplies, installs, and maintains complex power and control systems for government, commercial, and industrial customers. Additionally, VivoPower operates in the Electric Vehicles segment, focusing on designing and building ruggedized light electric vehicles specifically for demanding sectors such as mining, infrastructure, utilities, and government services.
VivoPower is also heavily invested in sustainable energy solutions and solar development. This involves the design, evaluation, and implementation of renewable energy infrastructure, including solar, battery storage, and microgrid solutions. The company originates, develops, constructs, and operates photovoltaic solar projects, currently managing a portfolio of 12 solar projects which it finances, optimizes, and may ultimately sell.
AI Analysis | Feedback
Imagine a smaller, industrial-focused version of NextEra Energy (known for renewable energy development) that also designs specialized electric vehicles for industrial use.
It's like an Eaton (for industrial power systems and critical infrastructure) but with a strong emphasis on solar project development and its own line of electric vehicles for harsh environments.
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- Critical Power Services: Provides comprehensive solutions for power generation and distribution infrastructure, including design, installation, and maintenance of power and control systems.
- Ruggedized Light Electric Vehicles: Designs and manufactures specialized electric vehicles suitable for demanding sectors like mining, infrastructure, and utilities.
- Sustainable Energy Solutions: Offers design, evaluation, sale, and implementation services for renewable energy infrastructure, covering solar, battery, and microgrid solutions.
- Solar Project Development: Engages in the full lifecycle of utility-scale photovoltaic solar projects, from origination and construction to operation and sale.
AI Analysis | Feedback
VivoPower (VIVO) primarily serves other companies and government entities (B2B and B2G customers) across its Critical Power Services, Electric Vehicles, Sustainable Energy Solutions, and Solar Development segments.
While the provided background information does not list specific names of major customer companies, it identifies the following categories of organizations that VivoPower serves:
- Government and government services entities
- Commercial businesses
- Industrial companies
- Companies in the mining sector
- Companies in the infrastructure sector
- Utility companies
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- Toyota Motor Corporation (TM)
- Carey Group
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Kevin Chin Executive Chairman and Chief Executive Officer
Kevin Chin is a co-founder of VivoPower and was appointed CEO in March 2020. He has a track record of successfully starting, buying, building, fixing, scaling up, and selling businesses across various industries, including software, education, funds management, media, road infrastructure services, and solar power. He has led 5 IPOs across NASDAQ, ASX, and NZX exchanges and originated 4 fund vehicles. His entrepreneurial journey began in 2003 with an ice cream business, and in 2004, he led a consortium to privatize, turnaround, and scale Ruleburst Haley, an enterprise AI software company, which was subsequently acquired by Oracle in 2008. Chin has also served as CEO of CFC Group for nearly five years and as Asia Pacific CFO for TE Connectivity for almost a decade.
Syed Muhammad Nouman Group Finance Director, Principal Financial Officer and Principal Accounting Officer
Syed Muhammad Nouman was appointed Group Finance Director, Principal Financial Officer, and Principal Accounting Officer for SEC reporting purposes, effective July 20, 2026. He is a Fellow Chartered Accountant with over 17 years of international finance and accounting leadership experience. Nouman began his career at PwC and has held senior leadership roles in multinational companies in the oil & gas, real estate, automation engineering, and hospitality sectors. His expertise includes financial control and reporting, audit and risk management, IFRS and US GAAP, mergers and acquisitions, commercial finance, global tax management, and working capital optimization.
Chris Mallios Chief Operating Officer
Chris Mallios is a CPA Australia Fellow and holds Bachelor's and Master's degrees from the University of New South Wales. He has also completed executive programs as a Graduate member of the Australian Institute of Company Directors and INSEAD's global top executive leadership AVIRA Programme.
Alex Cuppage Chief Investment Officer
Alex Cuppage is a co-founder of BEAM, an AI-driven financial platform. He has held senior roles in banking, restructuring, and asset workout. Cuppage holds a BA (Hons) in Business and Economics from Trinity College Dublin and was previously a member of the Milken Institute's Young Leaders Circle.
Shane Whelan Chief Real Estate Officer
Shane Whelan leads the establishment of VivoPower's European office in Dublin. He is an experienced real estate and infrastructure asset developer with a multi-decade track record in delivering large-scale projects. Whelan has established long-standing relationships with leading hyperscalers and data center operators, including Google, Microsoft, and Amazon, across assets in the EU and UK. At VivoPower, he advises on scaling the company's Sovereign AI data center infrastructure platform.
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The key risks for VivoPower (VIVO) are:
-
High competition and rapid technological change in Electric Vehicles and Renewable Energy sectors: VivoPower operates in highly competitive and rapidly evolving markets, particularly its Electric Vehicles segment, which designs and builds ruggedized light electric vehicle solutions, and its Sustainable Energy Solutions and Solar Development segments. These sectors are characterized by continuous technological advancements and intense competition from established players and new entrants, requiring significant investment in research and development to remain competitive.
-
Reliance on project-based revenue and specific industrial sectors: A significant portion of VivoPower's revenue, particularly from its Solar Development and Sustainable Energy Solutions segments, is project-based. This can lead to revenue volatility and dependence on the successful origination, development, construction, financing, and sale of individual projects. Additionally, its Electric Vehicles segment targets specific customers in the mining, infrastructure, utilities, and government services sectors, making the company susceptible to the economic cycles and investment patterns within these particular industries.
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Capital intensity and financing risks for solar and EV projects: The development, construction, and operation of photovoltaic solar projects, as well as the design and build of electric vehicle solutions, are highly capital-intensive endeavors. VivoPower's ability to successfully expand its operations and realize its growth strategies depends heavily on securing adequate financing at favorable terms for these large-scale projects and investments. Fluctuations in interest rates or changes in the availability of project financing could impact the company's profitability and expansion plans.
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In the Electric Vehicles segment, VivoPower designs and builds ruggedized light electric vehicle solutions for customers in the mining, infrastructure, utilities, and government services sectors. A clear emerging threat is the active and ongoing electrification of existing product lines by major, established industrial vehicle manufacturers who already supply these sectors. These incumbent companies possess deep customer relationships, extensive service networks, and significant manufacturing scale, allowing them to introduce electric versions of their existing specialized vehicles directly into their established customer base, potentially eroding VivoPower's market opportunity or competitive advantage in this niche.
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VivoPower (VIVO) operates in several addressable markets related to sustainable energy solutions, electric vehicles, and critical power services. The estimated market sizes for their main products and services are outlined below:
-
Critical Power Services:
- The global critical power and cooling market was valued at approximately USD 30.15 billion in 2025 and is projected to grow to USD 65.01 billion by 2034.
- In 2025, North America accounted for approximately 36% of the global market share in critical power and cooling.
- The U.S. critical power market was valued between USD 5.76 billion and USD 9 billion in 2024, with projections to reach USD 9.42 billion by 2030.
- The Asia-Pacific critical power and cooling market represents around 28% of the global share.
- The UK critical power and cooling sector is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 13.5% between 2026 and 2036.
-
Electric Vehicles (Ruggedized light electric vehicle solutions for mining, infrastructure, utilities, and government sectors):
- The global market for electric mining vehicles is projected to surpass USD 27 billion by 2047 and is expected to grow to over USD 30 billion by 2050.
-
Sustainable Energy Solutions (including Renewable Energy Infrastructure, Solar, Battery, and Microgrid Solutions):
-
Renewable Energy Infrastructure (Overall):
- The global renewable energy market size was estimated at USD 1.57 trillion in 2025 and is projected to reach approximately USD 7.13 trillion by 2035.
- Asia Pacific held a significant revenue share of 50% in the global renewable energy market in 2025.
- North America's renewable energy infrastructure market is expected to hold a market size of USD 400.0 billion as of December 2025.
- Europe's renewable energy infrastructure market is projected to be USD 300.0 billion by December 2025.
-
Solar Development (Photovoltaic Solar Projects):
- The global solar energy market size was calculated at USD 137.02 billion in 2025 and is predicted to increase to approximately USD 389.86 billion by 2034.
- Asia Pacific dominated the global solar energy market with over 36% market share in 2024.
- The U.S. solar power market is projected to reach USD 103.96 billion by 2032.
-
Battery Energy Storage Solutions:
- The global battery energy storage market size was valued at USD 32.62 billion in 2025, projected to be USD 40.45 billion in 2026, and is expected to reach USD 161.12 billion by 2034.
- Asia Pacific's battery energy storage market accounted for USD 17.31 billion in 2025, with projections to reach USD 21.32 billion in 2026.
- North America's battery energy storage market generated USD 11.18 billion in 2025 and is expected to reach USD 14.23 billion in 2026. The U.S. market specifically is set to reach USD 13.76 billion in 2026.
- The battery energy storage system market in Europe is projected to grow from USD 9.17 billion in 2025 to USD 18.00 billion by 2030.
-
Microgrid Solutions:
- The global microgrid market size was valued at USD 99.8 billion in 2025 and is projected to grow from USD 115.2 billion in 2026 to USD 406.2 billion by 2033.
- North America dominated the microgrid market with a 35.8% revenue share in 2025, valued at USD 13.8 billion in 2025.
- The Asia Pacific microgrid market is expected to register the fastest CAGR of 21.3% over the forecast period.
-
Renewable Energy Infrastructure (Overall):
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Share Repurchases
- VivoPower International PLC announced an authorized stock buyback program of up to US$5 million, extended to April 3, 2026.
- As of March 7, 2025, no shares had been repurchased under this program.
Share Issuance
- In August 2026, VivoPower raised approximately US$7.3 million through the issuance of 1.2 million Class A ordinary shares to His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud.
- Additionally, in August 2026, the company completed a direct subscription of over US$9 million of Class A ordinary shares to two EU-based institutional investors.
- On July 29, 2026, VivoPower secured a definitive US$50 million strategic private investment in public equity (PIPE) primarily in the form of convertible preference shares.
Inbound Investments
- VivoPower secured a US$50 million strategic private investment in public equity (PIPE) from a range of US, EU, UK, and Nordic-based institutional investors on July 29, 2026, led by Blue Sky Capital.
- In August 2026, His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud invested approximately US$7.3 million in VivoPower through a share subscription.
- A separate direct subscription exceeding US$9 million was completed with two UK and EU-based institutional investors in August 2026.
Outbound Investments
- VivoPower International PLC completed the acquisition of a 40MW Energized Norway Data Center from COWA for US$41 million, with no additional public equity raising required, in April 2026.
- In March 2026, VivoPower entered into a definitive agreement to acquire OGDC Pte Ltd, an AI data center infrastructure developer with interests in Finland, for approximately US$13 million in cash and contingent value rights.
Capital Expenditures
- VivoPower reported capital expenditures of US$4.89 million in 2023.
- The net proceeds from the US$50 million PIPE in July 2026 are intended to be applied to VivoPower's Mo i Rana AI data center operational conversion in Norway, as well as for corporate debt reduction.
- VivoPower approved the independent listing of its non-Nordic AI Infrastructure Platform in August 2026, intending to fund its construction from its own capital, thereby transferring future construction capital expenditure requirements for this portfolio away from VivoPower.
Peer Outperformance in Systems Software
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 10 | 17.2% | 109.4% | 187.6% | FLEX 488% · TTMI 419% · JBL 311% |
| Technology Distributors | 9 | 52.3% | 67.5% | 72.9% | AVT 148% · SNX 123% · CNXN 99% |
| Electronic Components | 24 | 16.4% | 69.6% | 35.2% | CLS 2134% · BELFA 1016% · APH 318% |
| Communications Equipment | 36 | 8.7% | 75.7% | 31.6% | LITE 609% · AAOI 586% · ANET 445% |
| Semiconductor Materials & Equipment | 28 | 42.7% | 55.4% | 31.5% | AXTI 418% · LRCX 289% · KLAC 284% |
| Electronic Equipment & Instruments | 27 | -2.2% | 28.0% | 4.3% | PI 130% · OSIS 116% · CXT 71% |
| Semiconductors | 55 | 2.3% | 45.5% | 1.3% | MU 1027% · NVDA 575% · AVGO 548% |
| Technology Hardware, Storage & Peripherals | 21 | 7.9% | 85.9% | -14.2% | WDC 691% · DELL 652% · STX 574% |
| Internet Services & Infrastructure | 6 | 3.5% | 45.5% | -20.9% | GDDY 58% · VRSN 40% · DOCN -20% |
| IT Consulting & Other Services | 30 | -18.2% | 1.2% | -26.5% | APLD 303% · IBM 155% · GIB -8% |
| Application Software | 126 | -9.9% | -6.3% | -50.0% | PLTR 549% · AGYS 157% · FROG 144% |
| Systems Software ← | 70 | -8.4% | 24.1% | -51.9% | ZETA 255% · CRWD 245% · CVLT 146% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 18.07 |
| Mkt Cap | 6.9 |
| Rev LTM | 1,486 |
| Op Inc LTM | 126 |
| FCF LTM | 256 |
| FCF 3Y Avg | 281 |
| CFO LTM | 263 |
| CFO 3Y Avg | 291 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.9% |
| Rev Chg 3Y Avg | 15.4% |
| Rev Chg Q | 13.3% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Inc Chg LTM | 39.2% |
| Op Inc Chg 3Y Avg | 23.7% |
| Op Mgn LTM | 9.5% |
| Op Mgn 3Y Avg | 3.2% |
| QoQ Delta Op Mgn LTM | 1.7% |
| CFO/Rev LTM | 21.3% |
| CFO/Rev 3Y Avg | 22.3% |
| FCF/Rev LTM | 20.8% |
| FCF/Rev 3Y Avg | 21.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Electric Vehicles | 0 | 0 | 1 | 1 | 1 |
| Digital Assets | 0 | ||||
| Corporate Office | 0 | 0 | 0 | 0 | 0 |
| Critical Power Services | 0 | 0 | 3 | 9 | 22 |
| Solar Development | 0 | 0 | 0 | 0 | 0 |
| Sustainable Energy Solutions | 0 | 0 | 0 | 0 | 0 |
| Total | 0 | 0 | 4 | 10 | 24 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Sustainable Energy Solutions | 0 | -0 | -0 | -2 | 0 |
| Digital Assets | 0 | ||||
| Solar Development | -0 | -0 | -0 | -0 | -0 |
| Critical Power Services | -0 | -1 | -5 | -2 | 2 |
| Electric Vehicles | -2 | -2 | -2 | -3 | -2 |
| Corporate Office | -6 | -5 | -5 | -8 | -5 |
| Total | -9 | -9 | -12 | -15 | -5 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Sustainable Energy Solutions | 2 | 9 | -0 | -1 | 0 |
| Discontinued operations Critical Power Services | 2 | -1 | -4 | 0 | 0 |
| Digital Assets | 0 | ||||
| Critical Power Services | -1 | 43 | -12 | -9 | 4 |
| Electric Vehicles | -1 | -5 | -1 | -4 | -2 |
| Solar Development | -2 | -12 | -0 | -0 | -0 |
| Corporate Office | -12 | -82 | -7 | -8 | -9 |
| Total | -13 | -47 | -24 | -22 | -8 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Corporate Office | 63 | 9 | 3 | 1 | 7 |
| Electric Vehicles | 34 | 21 | 17 | 14 | 9 |
| Critical Power Services | 0 | 6 | 18 | 31 | 36 |
| Sustainable Energy Solutions | 0 | 0 | 10 | 1 | 0 |
| Solar Development | 0 | 2 | 13 | 23 | 25 |
| Digital Assets | 0 | ||||
| Total | 97 | 37 | 61 | 70 | 77 |
Price Behavior
| Market Price | $1.52 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 12/29/2016 | |
| Distance from 52W High | -77.0% | |
| 50 Days | 200 Days | |
| DMA Price | $3.25 | $3.44 |
| DMA Trend | down | indeterminate |
| Distance from DMA | -53.3% | -55.8% |
| 3M | 1YR | |
| Volatility | 100.5% | 138.7% |
| Downside Capture | 527.40 | 491.95 |
| Upside Capture | 21.55 | 346.68 |
| Correlation (S&P 500) | 30.1% | 32.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.56 | 2.99 | 3.38 | 4.17 | 3.43 | 1.21 |
| Up Beta | 8.81 | 0.36 | 1.81 | 0.13 | 0.56 | 1.01 |
| Down Beta | 2.00 | 4.18 | 4.76 | 5.89 | 4.03 | 1.20 |
| Up Capture | 192% | 123% | 264% | 820% | 1243% | 388% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 9 | 18 | 31 | 60 | 117 | 326 |
| Down Capture | 650% | 409% | 368% | 286% | 189% | 111% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 12 | 23 | 31 | 64 | 131 | 406 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VIVO | |
|---|---|---|---|---|
| VIVO | -56.7% | 138.7% | 0.03 | - |
| Sector ETF (XLK) | 17.5% | 27.3% | 0.56 | 32.6% |
| Equity (SPY) | 13.2% | 12.9% | 0.68 | 31.0% |
| Gold (GLD) | 1.0% | 28.8% | 0.03 | 20.5% |
| Commodities (DBC) | 35.9% | 21.2% | 1.34 | -1.2% |
| Real Estate (VNQ) | 14.3% | 14.1% | 0.70 | 6.3% |
| Bitcoin (BTCUSD) | -28.2% | 43.4% | -0.65 | 34.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VIVO | |
|---|---|---|---|---|
| VIVO | -49.9% | 209.4% | 0.33 | - |
| Sector ETF (XLK) | 18.1% | 26.2% | 0.62 | 8.4% |
| Equity (SPY) | 12.5% | 17.2% | 0.55 | 7.2% |
| Gold (GLD) | 17.3% | 19.1% | 0.73 | 6.6% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 4.2% |
| Real Estate (VNQ) | 1.8% | 18.9% | -0.01 | 1.9% |
| Bitcoin (BTCUSD) | 5.5% | 51.5% | 0.29 | 5.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VIVO | |
|---|---|---|---|---|
| VIVO | -32.1% | 191.0% | 0.41 | - |
| Sector ETF (XLK) | 23.4% | 25.2% | 0.85 | 9.4% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 8.2% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | 6.2% |
| Commodities (DBC) | 7.4% | 18.1% | 0.33 | 5.6% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 4.5% |
| Bitcoin (BTCUSD) | 61.0% | 66.2% | 1.01 | 3.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 11/02/2026 | 20-F |
| 06/30/2025 | 10/30/2025 | 20-F |
| 12/31/2024 | 01/24/2025 | 6-K |
| 06/30/2024 | 12/19/2024 | 20-F |
| 12/31/2023 | 04/05/2024 | 6-K |
| 06/30/2023 | 10/02/2023 | 20-F |
| 12/31/2022 | 02/24/2023 | 6-K |
| 06/30/2022 | 09/16/2022 | 20-F |
| 12/31/2021 | 02/24/2022 | 6-K |
| 06/30/2021 | 09/15/2021 | 20-F |
| 12/31/2020 | 02/24/2021 | 6-K |
| 06/30/2020 | 09/08/2020 | 20-F |
| 12/31/2019 | 02/25/2020 | 6-K |
| 06/30/2019 | 08/23/2019 | 20-F |
| 03/31/2019 | 07/12/2019 | 20-F |
| 09/30/2018 | 11/13/2018 | 6-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 11/02/2026 | 20-F |
| 06/30/2025 | 10/30/2025 | 20-F |
| 12/31/2024 | 01/24/2025 | 6-K |
| 06/30/2024 | 12/19/2024 | 20-F |
| 12/31/2023 | 04/05/2024 | 6-K |
| 06/30/2023 | 10/02/2023 | 20-F |
| 12/31/2022 | 02/24/2023 | 6-K |
| 06/30/2022 | 09/16/2022 | 20-F |
| 12/31/2021 | 02/24/2022 | 6-K |
| 06/30/2021 | 09/15/2021 | 20-F |
| 12/31/2020 | 02/24/2021 | 6-K |
| 06/30/2020 | 09/08/2020 | 20-F |
| 12/31/2019 | 02/25/2020 | 6-K |
| 06/30/2019 | 08/23/2019 | 20-F |
| 03/31/2019 | 07/12/2019 | 20-F |
| 09/30/2018 | 11/13/2018 | 6-K |
| 03/31/2018 | 07/18/2018 | 20-F |
| 09/30/2017 | 11/22/2017 | 6-K |
| 03/31/2017 | 08/01/2017 | 20-F |
| 09/30/2016 | 03/31/2017 | 6-K |
| 08/31/2016 | 10/12/2016 | 10-Q |
| 05/31/2016 | 07/20/2016 | 10-Q |
| 02/29/2016 | 06/10/2016 | 10-K |
| 11/30/2015 | 01/19/2016 | 10-Q |
| 08/31/2015 | 10/19/2015 | 10-Q |
| 05/31/2015 | 07/20/2015 | 10-Q |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Systems Software Resources |
| CNET |
| ZDNet |
| Gartner |
| Software Development Times |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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