Nikola for the Sept Qtr has sales USS25M and the costs of those sales were $87M to lose $61M gross profit. If they sold 88 trucks then the cost per truck is almost $1M each which is way to much - no wonder they are losing money. I suspect they have included accumulated costs like R & D that they have now expensed.
Pure Hydrogen is forecast by BSC (the research report is on Pure's website) is forecast for FY25 to have AUD$19M of sales and a gross profit of $3.1M or 16.3% This is much more is line with what I would expect for a business of this type. If they can grow sales and maintain their margins then this business can scale and be very profitable.
PH2's direct competition packs up and goes home., page-7
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $39.21M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $79.27K | 772.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 402536 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 153333 | 11 |
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| Last trade - 16.11pm 22/07/2025 (20 minute delay) ? |
| PH2 (ASX) Chart |