By Dominic Chopping Shares in Green Hydrogen Systems AS slumped 22% in early trade Tuesday after the company suspended 2022 guidance, saying it has encountered some “technical design complications” with its electrolyzers. The company said recent testing and reviews of its HyProvide A-Series platform have identified certain technical issues that will require some redesign, as well as test and validation of certain product components and functions.
As a result, delivery schedules will be adjusted, which will affect financial performance for 2022, the company said. Green Hydrogen Systems had guided for 2022 revenue of 75 million to 120 million Danish kroner ($11 million-$17.6 million) with a loss before interest, tax, depreciation and amortisation of DKK265 million to DKK225 million. Research-and-development costs had been guided for DKK75 million to DKK85…