VivoPower International PLC (NASDAQ:VVPR) stock identified change of 19.28% away from 52-week low price and recently located move of -65.18% off 52-week high price. It has market worth of $15.09M. VVPR stock has been recorded -1.96% away from 50 day moving average and -9.79% away from 200 day moving average. Moving closer, we can see that shares have been trading -5.83% off 20-day moving average.
On Feb. 25, 2020, VivoPower International PLC (NASDAQ:VVPR) an international solar and critical power company, released its results for the six months ended December 31, 2019.
Highlights for the Six Months Ended December 31, 2019:
- Revenue of $31.4 million, up 63% over same period in prior year;
- Gross profit in Critical Power Services increased by 80% to $5.6 million, on the strength of 66% revenue growth and improved margins in this segment;
- Further 42% ($2.1 million annualized) reduction in Corporate Office and Solar Development overheads;
- Positive adjusted EBITDA of $5.5 million for the period;
- Total profit after tax for the period of $1.1 million; and
- Earnings per share (EPS) of $0.12.
We are very pleased with the financial results for the year to date; reporting a profit for the first time since March 31, 2017, said Art Russell, VivoPower’s Interim Chief Executive Officer. Returning to sustained profitability has been our primary strategic objective and this been accomplished through the dedication and hard work of our team to expand the business into sectors with strong tailwinds, optimize our operations, reduce costs, and focus on profitability.
Kevin Chin, VivoPower’s Chairman, added: We have had to overcome a myriad of challenges for VivoPower since its IPO. The focus, dedication and resilience of the leadership team over the past 12 months has been key to the strong turnaround and growth of VivoPower, particularly in Australia. Our objective now is to build on the base that we have created and continue to scale up the business in a sustainable and profitable manner. In addition, we remain very focused on driving value creation for our US solar portfolio with a view to maximizing proceeds from monetization. This will then pave the way to consideration of a strategic pivot at the appropriate time, as previously flagged. The Technology sector company, VivoPower International PLC noticed change of -0.33% to $1.11 along volume of 87523 shares in recent session compared to an average volume of 247.86K. The stock observed return of -8.96% in 5 days trading activity. The stock was at -2.57% over one month performance. VVPR’s shares are at -4.25% for the quarter and driving a 3.28% return over the course of the past year and is now at 5.78% since this point in 2018.
The average volatility for the week at 31.94% and for month was at 13.88%. There are 13.59M shares outstanding and 2.54M shares are floated in market.