The chart below shows how ADSE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ADSE sees a -1.93% change in stock price 10 days leading up to the earnings, and a -1.93% change 10 days following the report. On the earnings day itself, the stock moves by -1.60%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Surge 107%: Revenue increased by 107% compared to the same period last year, reaching €79.3 million for the first half of 2024.
Strong Q2 Revenue Performance: Q2 revenue reached €42.4 million, reaffirming confidence in the strength of the business model and customer demand.
Gross Profit Improvement: The company achieved a gross profit of €15.7 million, with a gross margin of 19.8%, compared to a break-even gross profit in the first half of 2023.
Positive Adjusted EBITDA Growth: Adjusted EBITDA for the first half of 2024 was positive at €3.6 million, compared to a loss of €14.3 million in the previous period.
Strong Cash Position: The company ended the second quarter with a solid cash position of €23.7 million, supporting ongoing growth initiatives.
Negative
Operating Result Improvement: The operating result came in at €5 million-negative in H1 2024 compared to minus €20 million in H1 2023, indicating a strong improvement there.
EBITDA Improvement: The adjusted EBITDA came in at minus €1.4 million for H1 2024 compared to minus €17.6 million in the previous year.
Operating Expenses Efficiency Improvement: Operating expenses below gross margin amounted to €20 million, indicating a significant increase compared to H1 of 2023, which is only 11.7% indicating better efficiency in sales and administrative functions.
R&D Expense Increase: R&D expenses grew significantly because of increased costs in that area and also lower capitalization of development expenses as our product lines offer and offerings mature.
EBITDA Positive Outlook: The company remains on track to be adjusted EBITDA positive for the full year, reinforcing its position as a leader in the ultra-fast charging market, on those revenue levels, which will be the highest in the company's history.
ADS-TEC Energy PLC (ADSE) Q2 2024 Earnings Call Transcript
ADSE.O
2.6%