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.
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Financial Highlights
Revenues: €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: €