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 Year-Over-Year: Revenue increased by 107% year-over-year, reaching €79.3 million in the first half of 2024, compared to €38.3 million in the same period last year.
EBITDA Improvement Overview: Adjusted EBITDA for the first half of 2024 was positive at €3.6 million, a significant improvement from a negative €14.3 million in the previous year.
Gross Profit Improvement: Gross profit for H1 2024 was €15.7 million, with a gross margin of 19.8%, compared to breakeven gross profit in H1 2023, indicating improved operational efficiency.
Battery Charging Infrastructure Expansion: The company has successfully installed over 2,500 battery-based DC fast charging points, demonstrating strong demand and operational capability.
Customer Base Expansion: The customer base has expanded significantly, with 53 customers onboarded, including major blue-chip clients, enhancing growth potential and market presence.
Negative
Operating Result Improvement: Operating result came in at €5 million-negative in H1 2024 compared to minus €20 million in H1 2023, indicating ongoing financial struggles despite revenue growth.
EBITDA Improvement Analysis: Adjusted EBITDA for H1 2024 was negative €1.4 million, an improvement from minus €17.6 million in the previous year, but still reflecting operational challenges.
Operational Cost Impact: Operational expenses amounted to €20 million, indicating a significant cost burden that could impact future profitability despite revenue growth.
R&D Expense Increase: R&D expenses grew significantly due to increased costs and lower capitalization of development expenses, suggesting financial strain in product development efforts.
Expansion Financing Needs: The company anticipates needing further financing for expansion in the U.S., indicating potential liquidity issues as they seek to grow.
ADS-TEC Energy PLC (ADSE) Q2 2024 Earnings Call Transcript
ADSE.O
-0.51%