Ceres Power

Ceres Power Holdings PLC is a world leading developer of low cost, next generation fuel cell technology. Used in decentralised energy products our Steel Cells enable a change in the way homes and businesses generate their power, reducing energy costs, lowering CO₂emissions, increasing efficiency and improving energy security and reliability. Ceres Power is founded on British technology and engineering innovation originating from Imperial College. The principle of innovation is at the very heart of what we do. Our unique Steel Cell is a cost effective technology that is being validated by our OEM partners around the world to power the next generation of power products. The patented Ceres Steel Cell operates on natural gas and is manufactured using conventional materials and standard processes developed for the solar industry, meaning that it can be mass produced at an affordable price for domestic and business use. At Ceres we have the next generation of this technology. We have an affordable fuel cell for the real world, made possible with the use of conventional materials and standard manufacturing processes. This step change in cost reduction will make widespread adoption for homes and businesses a reality.
Company Growth (employees)
Type
Public
HQ
Horsham, GB
Founded
2001
Size (employees)
110 (est)+15%
Ceres Power was founded in 2001 and is headquartered in Horsham, GB

Ceres Power Office Locations

Ceres Power has an office in Horsham
Horsham, GB (HQ)
Foundry Ln

Ceres Power Data and Metrics

Ceres Power Financial Metrics

Ceres Power's revenue was reported to be £1.1 m in FY, 2016 which is a 244% increase from the previous period.
Numbers are in £, GBP

Revenue (FY, 2016)

1.1 m

Revenue growth (FY, 2015 - FY, 2016), %

244%

Gross profit (FY, 2016)

777 k

Gross profit margin (FY, 2016), %

70%

Net income (FY, 2016)

(10.5 m)

Market capitalization (26-May-2017)

93.2 m

Closing share price (26-May-2017)

0.1

Cash (30-Jun-2016)

5.9 m
Ceres Power's current market capitalization is £93.2 m.
Numbers are in £, GBPFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

523 k1.2 m324 k1.1 m

Revenue growth, %

134%(74%)244%

Cost of goods sold

10 k265 k191 k336 k

Gross profit

513 k959 k133 k777 k

Gross profit Margin, %

98%78%41%70%

Operating expense total

13.3 m9.5 m11.9 m13.5 m

Pre tax profit

(8.5 m)(11.6 m)(12.6 m)

Net Income

(7.4 m)(10 m)(10.5 m)
Numbers are in £, GBPFY, 2014FY, 2015FY, 2016

Cash

7.7 m12.2 m5.9 m

Accounts Receivable

80 k53 k

Current Assets

10.1 m20.7 m10.1 m

PP&E

1.7 m2.1 m2.3 m

Total Assets

11.8 m22.8 m12.4 m

Accounts Payable

327 k526 k721 k

Current Liabilities

1.4 m2 m2.2 m

Retained Earnings

(7.4 m)(10 m)(10.5 m)

Total Equity

8.1 m18.7 m9.3 m

Financial Leverage

1.5 x1.2 x1.3 x
Numbers are in £, GBPFY, 2014FY, 2015FY, 2016

Cash From Operating Activities

(7.3 m)(8 m)(10.1 m)

Cash From Financing Activities

2 k19.6 m54 k

Income Taxes Paid

1.1 m1.6 m2.2 m
Y, 2016

Financial Leverage

1.3 x

Ceres Power Market Value History

Ceres Power Revenue Breakdown

Ceres Power Online and Social Media Presence

Ceres Power News and Updates

Ceres Power Company Life and Culture

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