ADS-TEC Energy (ADSE) Reports Full-Year Fiscal 2023 Results and Provides Business Update
ADS-TEC ENERGY PLC (ADSE)
Company Research
Source: Business Wire
NÜRTINGEN, Germany--(BUSINESS WIRE)--ADS-TEC Energy plc (plc (“ADS-TEC Energy,” “ADS-TEC ,” “Company,” “we,” “our” or “us”) (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, today announced audited financials for FY 2023 and is pleased to provide an operational update on the recent financial performance and key developments for the company.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430159801/en/ADS-TEC Energy reports full-year fiscal 2023 results (Photo: Business Wire)FY 2023 Financial HighlightsFourth quarter 2023 set a record in the company’s history with revenue of approximately EUR 50.3 million.Fourth quarter Adjusted EBITDA was approximately EUR 4.6 million, marking the Company’s first profitable quarter.FY 2023 revenue totalled approximately EUR 107.4 million, compared to approximately EUR 26.4 million in FY 2022.FY 2023 Adjusted EBITDA of approximately EUR -16.3 million,
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ADSE
Sec Filings
- 5/14/24 - Form 6-K
- 4/30/24 - Form 20-F
- 4/30/24 - Form 6-K
- ADSE's page on the SEC website