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ADS-TEC Energy (ADSE) Reports Full-Year Fiscal 2023 Results and Provides Business Update [Yahoo! Finance]

ADS-TEC ENERGY PLC (ADSE) 
Company Research Source: Yahoo! Finance
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. FY 2023 Financial Highlights Fourth 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, compared to FY 2022 Adjusted EBITDA of approximately EUR -29.4 million FY 2023 operational expenses amounted to approximately EUR 30.7 million, compared to approximately EUR 33.0 million in FY 2022. Ended FY 2023 with approximately EUR 29.2 million in cash and cash equivalents. Reiterating 2024 revenue guidance of at least Show less Read more
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