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ELPW

Elong Power Holding Limited

ELPW

Elong Power Holding Limited • NASDAQ
$0.22 ▲ 0.18% (+0.00)
Market Cap $11.44 M
52w High $8.07
52w Low $0.15
Dividend Yield 0%
P/E -0.44
Volume 80.57K
Outstanding Shares 52.28M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2024 $182.988K $991.231K $-1.882M -1.028K% $-0.081 $-1.46M
Q1-2024 $182.988K ▼ $991.231K ▼ $-1.882M ▲ -1.028K% ▼ $-0.081 ▲ $-1.46M ▲
Q4-2023 $2.097M ▲ $3.288M ▲ $-6.223M ▼ -296.779% ▼ $-0.27 ▼ $-3.549M ▼
Q2-2023 $1.066M $742.43K $-1.223M -114.759% $-0.052 $-802.622K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2024 $1.022M $36.055M $38.836M $-2.781M
Q1-2024 $1.022M ▲ $36.055M ▼ $38.836M ▲ $-2.781M ▼
Q4-2023 $756 ▼ $37.503M ▼ $36.525M ▼ $978.336K ▲
Q2-2023 $1.769M ▲ $40.831M ▼ $48.923M ▼ $-8.092M ▼
Q4-2022 $918.359K $44.547M $49.467M $-4.92M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2024 $-1.882M $-1.327K ▲ $-381 ▲ $2.787K ▼ $1.317K ▲ $-663.749K
Q1-2024 $-1.882M ▲ $-663.749K ▲ $-190.548K ▲ $1.394M ▼ $0 ▲ $-663.749K ▲
Q4-2023 $-6.223M ▼ $-4.447M ▼ $-532.614K ▼ $4.258M ▲ $-1.694M ▼ $-4.98M ▼
Q2-2023 $-1.223M $-1.246M $-16.317K $2.111M $2.003M $-1.262M

Five-Year Company Overview

Income Statement

Income Statement Elong Power is still essentially a pre‑revenue business. Sales are tiny and have not yet covered basic operating costs, so the company has reported steady losses each year. This means the story today is much more about future potential than current earnings power.

Balance Sheet

Balance Sheet The balance sheet is very small and thinly capitalized. Assets are limited, there is some debt, and reported equity is close to zero, which points to a fragile financial base. This leaves the company dependent on outside funding and sensitive to setbacks or delays in its growth plan.

Cash Flow

Cash Flow Cash generation from the core business is negative, and free cash flow is also modestly but consistently in the red. There is little sign of heavy investment spending yet, which suggests the company is still in an early commercialization phase rather than full‑scale build‑out. Overall, the business is currently a cash user, not a cash generator.

Competitive Edge

Competitive Edge Elong Power is trying to carve out a niche in high‑power batteries for commercial vehicles and energy storage, areas where fast charging, durability, and safety matter more than headline range. Its vertical integration and focus on complete battery systems, not just cells, could be an advantage. However, it operates in a very competitive global battery market where much larger players can move into its niche, and its small scale and limited track record are clear constraints.

Innovation and R&D

Innovation and R&D The company emphasizes fast‑charging, long‑life, high‑safety batteries and integrated systems with its own battery management technology. It also uses multiple chemistries to tailor solutions to different applications and is pursuing innovative projects in emerging markets like Indonesia. That said, there is limited public, quantified data on performance, certifications, or patent strength, so the real depth of its technology edge is still hard to judge.

Summary

Elong Power is an early‑stage, niche battery manufacturer whose investment story is driven far more by technology and future growth plans than by current financial performance. The firm’s focus on high‑power, fast‑charging, and integrated battery systems for commercial and industrial uses could tap into important electrification trends, especially in emerging markets. At the same time, its very small scale, ongoing losses, thin balance sheet, and intense competitive environment create meaningful execution and funding risks. The coming years will likely hinge on whether it can convert its technical claims and partnerships into visible, repeatable commercial wins and a more robust financial foundation.

NEWS

October 9, 2025 · 5:00 PM UTC

Elong Power Receives Nasdaq Notification of Non-Compliance with Listing Rules 5450(a)(1), 5450(b)(2)(A), and 5450(b)(2)(C)

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