ADS-TEC Energy Reports Half Year 2024 Financial Results and Trading Update
ADS-TEC ENERGY PLC (ADSE)
Company Research
Source: Business Wire
NÜRTINGEN, Germany--(BUSINESS WIRE)--ADS-TEC Energy plc (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, today announced its unaudited financial results for the first half of 2024, covering the period ended June 30, 2024.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240912073182/en/(Photo: Business Wire)Financial HighlightsRevenues: €79.3 million for the six months ended June 30, 2024, reflecting a growth of 107% compared to €38.3 million for the same period in 2023.Gross Margin: €15.7 million (19.8%), a significant improvement compared to a negative gross margin of €-0.5 million (-1.4%) in H1 2023.Operating Expenses: €20.0 million for the six months ended June 30, 2024, compared to €17.9 million in the same period of 2023, reflecting an 11.7% increase, underscoring the business leverage effect.Operating Result: €-5.0 million compared to €-20.0 million for the same period last year.A
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