Founded in 2016 and headquartered in Los Angeles, California, Romeo Power is an energy technology leader delivering large-scale electrification solutions for complex commercial applications. The Company's suite of advanced hardware, combined with its innovative battery management system, delivers the safety, performance, reliability and configurability its customers need to succeed. Romeo Power's 113,000 square-foot manufacturing facility brings its flexible design and development process in-house to pack the most energy dense modules on the market.
Company profile
Ticker
RMO
Exchange
Website
CEO
Bob S. Mancini
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Icahn Enterprises • Magna International • Aptiv • Adient • Autoliv • BorgWarner • Visteon • Dana • Allison Transmission • PHINIA ...
Former names
RMG Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
Romeo Systems, Inc. • Romeo Systems Technology, LLC ...
IRS number
832289787
RMO stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
28 Oct 22
EFFECT
Notice of effectiveness
20 Oct 22
S-8 POS
Registration of securities for employees (post-effective amendment)
17 Oct 22
POS AM
Prospectus update (post-effective amendment)
17 Oct 22
8-K
Completion of Acquisition or Disposition of Assets
17 Oct 22
25-NSE
Exchange delisting
17 Oct 22
SC TO-T/A
Third party tender offer statement (amended)
14 Oct 22
SC 14D9/A
Tender offer solicitation (amended)
14 Oct 22
425
Business combination disclosure
13 Oct 22
425
Business combination disclosure
13 Oct 22
Latest ownership filings
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 41.71 mm | 41.71 mm | 41.71 mm | 41.71 mm | 41.71 mm | 41.71 mm |
Cash burn (monthly) | 874.33 k | 319.92 k | 13.28 mm | 15.67 mm | 13.95 mm | 19.31 mm |
Cash used (since last report) | 18.31 mm | 6.70 mm | 278.16 mm | 328.19 mm | 292.09 mm | 404.40 mm |
Cash remaining | 23.39 mm | 35.01 mm | -236.46 mm | -286.49 mm | -250.38 mm | -362.69 mm |
Runway (months of cash) | 26.8 | 109.4 | -17.8 | -18.3 | -18.0 | -18.8 |
Institutional ownership, Q4 2022
9.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 6 |
Opened positions | 0 |
Closed positions | 72 |
Increased positions | 1 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 43.98 mm |
Total shares | 17.12 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
YA II PN | 14.92 mm | $33.13 mm |
RMG Sponsor | 966.67 k | $3.53 mm |
HGC Investment Management | 760.77 k | $304.00 k |
Integrated Core Strategies | 302.98 k | $6.81 mm |
HBK Sorce Advisory | 160.00 k | $176.00 k |
IFP Advisors | 952.00 | $25.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Oct 22 | Rogers Rose F | RSU Common Stock | Dispose U | No | No | 0 | 80,562 | 0.00 | 0 | |
14 Oct 22 | Anne Devine | RSU Common Stock | Dispose U | No | No | 0 | 80,562 | 0.00 | 0 | |
14 Oct 22 | Laurene H Horiszny | RSU Restricted Stock Units | Dispose U | No | No | 0 | 184,378 | 0.00 | 0 | |
14 Oct 22 | Yun Han | RSU Common Stock | Acquire U | No | No | 0 | 99,646 | 0.00 | 0 | |
13 Oct 22 | Yun Han | Common Stock | Dispose U | Yes | No | 0 | 100 | 0.00 | 0 | |
13 Oct 22 | Yun Han | Common Stock | Dispose U | No | No | 0 | 23,220 | 0.00 | 0 | |
13 Oct 22 | Kerry A Shiba | Common Stock | Dispose U | No | No | 0 | 25,327 | 0.00 | 0 | |
13 Oct 22 | Kerry A Shiba | RSU Common Stock | Acquire U | No | No | 0 | 588,315 | 0.00 | 0 |