Novonix Limited
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About the company
Novonix Limited (NVX) is a Brisbane, Australia-headquartered firm, established in 2012 (and known as Graphitecorp Limited until its rebranding in July 2017). The company is a key provider of battery materials, specialized equipment, and ancillary services to the North American lithium-ion battery industry. Its operations are segmented into three primary areas: Graphite Exploration and Mining: This division focuses on identifying and assessing graphite deposits within Australia.
- CEO
- Michael O'Kronley
- IPO
- 2022
- Employees
- 192
- HQ
- Brisbane, QLD, AU
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $83.42M
- P/E
- -0.68
- Fwd P/E
- 4.96
- PEG
- 0.02
- P/S
- 16.62
- P/B
- 0.43
- EV/EBITDA
- -2.29
- Div Yield
- 0.00%
- Gross Margin
- -437.22%
- Op Margin
- -872.81%
- Net Margin
- -1665.68%
- ROE
- -63.74%
- ROIC
- -19.00%
Latest fiscal year · YoY change
- Revenue
- $5.62M-4.0%
- Gross Profit
- $-24,356,779-696.4%
- Op Income
- $-52,256,367
- Net Income
- $-92,792,910-24.0%
- EPS
- $-0.52+13.3%
- OCF Growth
- -4.5%
- FCF Growth
- -45.7%
- 52W High
- $3.86
- 52W Low
- $0.37
- 50D MA
- $0.46
- 200D MA
- $0.81
- Beta
- 0.87
- RSI (14)
- 40
- Avg Volume
- 286.77K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
NOVONIX said Q1 was focused on funding, site expansion, and progress toward commissioning Riverside, while reaffirming its long-term U.S. synthetic graphite buildout and customer demand.· April 30, 2025
- Completed a January capital raise of just over $25 million, including a $5 million Phillips 66 investment and a share purchase plan of just over $20 million.
- Cash balance was $47.9 million at the end of March.
- Secured approval and signed the purchase and sale agreement for a 182-acre parcel for the future Enterprise South site in Chattanooga.
- Continued installing and commissioning equipment at Riverside toward an initial 3,000-ton-per-annum milestone supporting Panasonic, Stellantis, and PowerCo supply agreements.
- Management said tariffs are affecting the price, availability, and timing of some input materials and equipment.
NOVONIX did not report revenue, EPS, gross margin, or year-over-year financial changes in this update. The company said it ended March with $47.9 million in cash and completed a January equity raise of just over $25 million, made up of a $5 million Phillips 66 investment and a share purchase plan of just over $20 million. For guidance, management said it is continuing to install and commission equipment at Riverside toward a 3,000-ton-per-annum milestone, targeting production startup at Riverside in 2026 and full capacity there of 20,000 tons per annum, while also working toward closure of a $754 million DOE conditional loan commitment for Enterprise South and additional tax incentives such as the 45X credit.
Robert Long framed NOVONIX as a technology-led, lower-carbon battery materials company benefiting from U.S. policy support for critical minerals, onshoring, and supply chain diversification away from China. He emphasized first-mover advantages in Chattanooga, strategic customer and supplier relationships, and progress on both anode and cathode technology, especially commercialization of the dry cathode process in Halifax. His tone was upbeat and confident, but he also acknowledged macro pressure from tariffs on materials and equipment timing.
As CFO, Long highlighted balance sheet support and recent financing actions, including the end-March cash balance of $47.9 million and the January raise of just over $25 million. He pointed to the DOE MESC grant as an ongoing funding source tied to installation and commissioning progress at Riverside, and noted strategic backing from Phillips 66. He also discussed capital priorities around finishing Riverside, pursuing the Enterprise South site and financing, and working toward future tax incentives like the 45X production tax credit.
There was no substantive analyst Q&A in the transcript; the call ended with only a prompt for questions. The most notable management commentary came in the prepared remarks, where Long addressed timing risk from tariffs, saying they are affecting the price, availability, and delivery of certain steel and critical equipment. He also underscored that Riverside capacity is already oversold through offtake agreements, which he said supports the move toward Enterprise South and additional customer contracts.
The bull case is that NOVONIX appears to have real customer pull, with Riverside capacity described as oversold and supply agreements in place with Panasonic, Stellantis, and PowerCo. Management also highlighted strategic support from Phillips 66, the DOE grant process, and progress on the Enterprise South land purchase, all of which could support scaling in the U.S.
The main risks are execution and timing: tariffs are already affecting input materials and equipment deliveries, and the company still needs to install, commission, and qualify equipment before reaching production milestones. NOVONIX also remains dependent on closing major financing and incentive milestones, including the $754 million DOE conditional commitment for Enterprise South.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 82.9%
- Shares Outstanding
- 210.17M
- Float Shares
- 122.95M
of shares held by institutions
38 13F filers
Held by 2 ETFs
Biggest fund positions in NVX by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jul 22, 26 | Burrow Sharan | other | 31,250 |
| Jun 30, 26 | Long Robert Buell | other | 1,144,130 |
| May 27, 26 | Johnson Dwayne Arnold | other | 173,062 |
| May 27, 26 | Johnson Dwayne Arnold | other | 258,884 |
| May 27, 26 | Johnson Dwayne Arnold | other | 258,884 |
| Apr 1, 26 | NATTER ROBERT J | other | 148,737 |
| Apr 1, 26 | NATTER ROBERT J | other | 81,606 |
| Apr 1, 26 | NATTER ROBERT J | other | 230,343 |
| May 6, 26 | Bellas Tony | other | 0 |
| May 6, 26 | Oelwang Jean | other | 0 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our NVX coverage
Recent articles, reports, and earnings notes.
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NOVONIX Delivers Mass Production AAM Sample to Panasonic
globenewswire.com · Jun 11
NOVONIX Divests Non-Core Business to Focus on Synthetic Graphite
globenewswire.com · Apr 30
Head-To-Head Review: NOVONIX (NASDAQ:NVX) and Universal Electronics (NASDAQ:UEIC)
defenseworld.net · Apr 24
NOVONIX Limited (NVX) Shareholder/Analyst Call Transcript
seekingalpha.com · Apr 14
Financial Survey: NOVONIX (NASDAQ:NVX) and Spruce Power (NYSE:SPRU)
defenseworld.net · Feb 20
U.S. Department of Commerce Increases Duties on Chinese Battery-Grade Graphite to 160%+ in Final Determinations
globenewswire.com · Feb 12
NOVONIX Achieves Critical Operational Milestone
globenewswire.com · Sep 29
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
