Hexagon Purus Holding

SpaceX is acquiring the aerospace business of Hexagon Masterworks from Hexagon Purus; the hydrogen business is not part of the transaction. The purchase price is about $15 million ($12.5m in cash plus up to $2.5m contingent), and existing Masterworks hydrogen customer contracts are to be transferred to other parts of Hexagon Purus before closing. Hexagon Purus expects the sale to strengthen its financial position and extend its liquidity runway, but remains under pressure due to weak order intake; the Q4 2025 figures will be released on February 10. » More on deraktionaer.de

Hexagon Purus reported Q3 2025 revenue of NOK 252 million (-54% year-on-year, +30% quarter-on-quarter) and a net loss of NOK 364.6 million. The EBITDA margin improved to -46% versus the prior quarter but remains well below last year’s level. The order backlog amounts to NOK 974 million; the company is implementing extensive cost reductions (headcount cut ~30% since the start of the year) and expects the measures to take full effect from 2026, but sees short-term risks from the postponement of orders into Q1 2026. The stock fell sharply after the figures as investors are skeptical about the pace of the recovery. » More on de.investing.com

Hexagon Purus will likely present its quarterly results for the period ended 30 Sep 2025 at a financial conference on 21 Oct 2025. On average 2 analysts expect a quarterly loss per share of -0.620 NOK (prior year: -0.520 NOK) and 3 analysts forecast revenue of 348.0m NOK (down 32.41% year‑on‑year). For the current fiscal year the consensus estimates are a loss of -2.625 NOK per share and revenue of around 1.25bn NOK versus 1.84bn NOK in the prior year. » More on finanzen.net

Hexagon Purus recorded a 63% drop in revenue to NOK 193 million in the second quarter of 2025, leading to a significant decline in its share price. The company is responding with cost reductions, staff cuts, and strategic initiatives to stabilize its financial position, aiming to reach EBITDA breakeven by 2026. Challenges remain, particularly in the areas of hydrogen infrastructure, mobility, and regulatory uncertainties. » More on de.investing.com