ADS-TEC Energy Provides Preliminary Financial Results for Fourth Quarter and Full-Year 2023 [Yahoo! Finance]
ADS-TEC ENERGY PLC (ADSE)
Company Research
Source: Yahoo! Finance
leader in battery-buffered, ultra-fast charging technology, today announced preliminary unaudited financial results for the 3 and 12 months ended December 31 st , 2023. This announcement comes ahead of ADS-TEC Energy's Full-Year 2023 full financial results, to be announced in late April 2024. Select Preliminary Unaudited Fourth Quarter 2023 Results FY 2023 revenue of approximately EUR 107.4m, representing 306% growth over FY 2022 and exceeding stated guidance of EUR 100m FY 2023 Adjusted EBITDA of approximately EUR -16.6m, compared to EUR -29.2m in FY 2022 Ended FY2023 with approximately EUR 29.1m in cash Fourth quarter 2023 revenue of approximately EUR 50.3m Fourth quarter Adjusted EBITDA of approximately EUR 4.9m, representing the Company's first profitable quarter Reiterate FY24 guidance of approximately EUR 200m in revenues and positive EBITDA, underpinned by strong order intake in early 2024 ADS-TEC Energy performed very well in 2023, surpassing revenue guidance a
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- ADS-TEC Energy (ADSE) Reports Full-Year Fiscal 2023 Results and Provides Business UpdateBusiness Wire
ADSE
Sec Filings
- 4/30/24 - Form 20-F
- 4/30/24 - Form 6-K
- 4/29/24 - Form 6-K
- ADSE's page on the SEC website