Data Processing Services was Ivanhoe Electric’s largest product and service line in fiscal 2024, bringing in $2.83M of $2.90M (98%).
| Product and Service | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|
| Software Licensing | — | $6.88M | — | — |
| Data Processing Services | $4.51M | $847.00K | $1.30M | $2.83M |
| Energy Storage Systems | $140.00K | $711.00K | $2.60M | $70.00K |
| Total | $4.65M | $8.44M | $3.90M | $2.90M |
Ivanhoe Electric brought in $2.90M from its two product and service lines in fiscal 2024, the year ended December 31, 2024. That was down 25.7% from $3.90M in fiscal 2023. Data Processing Services was the largest at $2.83M (97.6%), ahead of Energy Storage Systems at $70.00K (2.4%).
Compared with fiscal 2023, Data Processing Services grew 117.8% to $2.83M, while Energy Storage Systems fell 97.3% to $70.00K. From fiscal 2021 to 2024, combined revenue from these lines fell from $4.65M to $2.90M, a compound annual decline of 14.6%. Data Processing Services' share of the total rose from 97.0% to 97.6%.
Ivanhoe Electric stopped reporting Software Licensing as a separate line after fiscal 2022, when it brought in $6.88M.
Data Processing was Ivanhoe Electric’s largest segment in fiscal 2024, bringing in $2.83M of $2.90M (98%).
| Segment | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|
| Data Processing | $4.51M | $7.73M | $1.30M | $2.83M |
| Energy Storage | $140.00K | $711.00K | $2.60M | $70.00K |
| Total | $4.65M | $8.44M | $3.90M | $2.90M |
Ivanhoe Electric brought in $2.90M from its two segments in fiscal 2024, the year ended December 31, 2024. That was down 25.7% from $3.90M in fiscal 2023. Data Processing was the largest at $2.83M (97.6%), ahead of Energy Storage at $70.00K (2.4%).
Compared with fiscal 2023, Data Processing grew 117.8% to $2.83M, while Energy Storage fell 97.3% to $70.00K. From fiscal 2021 to 2024, combined revenue from these segments fell from $4.65M to $2.90M, a compound annual decline of 14.6%. Data Processing's share of the total rose from 97.0% to 97.6%.
Canada was Ivanhoe Electric’s largest region in fiscal 2024, bringing in $2.83M of $2.90M (98%).
| Geography | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|
| Canada | $4.51M | $7.73M | $1.30M | $2.83M |
| China | $140.00K | $711.00K | $2.60M | $70.00K |
| Total | $4.65M | $8.44M | $3.90M | $2.90M |
Ivanhoe Electric brought in $2.90M from its two regions in fiscal 2024, the year ended December 31, 2024. That was down 25.7% from $3.90M in fiscal 2023. Canada was the largest at $2.83M (97.6%), ahead of China at $70.00K (2.4%).
Compared with fiscal 2023, Canada grew 117.8% to $2.83M, while China fell 97.3% to $70.00K. From fiscal 2021 to 2024, combined revenue from these regions fell from $4.65M to $2.90M, a compound annual decline of 14.6%. Canada's share of the total rose from 97.0% to 97.6%.
Ivanhoe Electric (IE) reports its revenue by product and service, by segment and by geography. In fiscal 2024, Data Processing Services was its largest product and service line, bringing in $2.83M (97.6% of the total), followed by Energy Storage Systems at $70.00K (2.4%).
Data Processing Services was Ivanhoe Electric's largest product and service line in fiscal 2024, bringing in $2.83M, or 97.6% of the $2.90M total across its two product and service lines.
Data Processing was Ivanhoe Electric's largest segment in fiscal 2024, bringing in $2.83M, or 97.6% of the $2.90M total across its two segments.
Canada was Ivanhoe Electric's largest region in fiscal 2024, bringing in $2.83M, or 97.6% of the $2.90M total across its two regions.
Data Processing Services grew faster than Energy Storage Systems in fiscal 2024, up 117.8% from $1.30M to $2.83M. Energy Storage Systems fell 97.3% to $70.00K.
Every figure comes from Ivanhoe Electric's annual financial filings, as reported. Each line keeps the name Ivanhoe Electric gives it, and years follow its fiscal calendar.
Ivanhoe Electric's revenue by product and service goes back to fiscal 2021, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.