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Battery Technology Company Romeo Power Logs $11.6 Million Revenue in Q1 2022

The company’s cash, cash equivalents, and investments amounted to $66.9 million

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Romeo Power, a U.S.-based battery technology company, recorded total revenue of $11.6 million in the first quarter (Q1) of 2022, a 955% year-over-year (YoY) increase compared to $1.1 million in Q1 2021. The revenue increased by 27% quarter-over-quarter (QoQ) from $9.1 million in Q4 2021.

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