Press release
ADS-TEC Energy Reports Full Year 2024 Financial Results and Provides Business Update
NÜRTINGEN, Germany--(BUSINESS WIRE)-- ADS-TEC Energy (NASDAQ: ADSE), a global leader in battery-based energy storage and fast-charging systems, today
About this update from Ads-tec Energy Plc
[{"type":"text","content":" NÜRTINGEN, Germany--(BUSINESS WIRE)--\nADS-TEC Energy (NASDAQ: ADSE), a global leader in battery-based energy storage and fast-charging systems, today announced its audited financial results for full year 2024, covering the period ended December 31, 2024.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250512762826/en/ADS-TEC Energy reports 2024 financial results\nFinancial Highlights\n\nFollowing the publication of ’24 results earlier this year below we are reporting finalized and fully audited ’24 results which do not deviate from the preliminary results.\n\n\nRevenue: € 110.0 million for FY 2024, a 2.5 % increase compared to € 107.4 million in FY 2023\n\n\nGross Profit: € 19.4 million (17.7 % gross margin), up from a gross loss of € -2.9 million (-2.7 %) in FY 2023\n\n\nAdjusted EBITDA (non-IFRS*): € 2.2 million, significant improvement from € -38.1 million in the prior year\n\n\nOperating Loss: € -8.6 million, compared to € -44.5 million in FY 2023\n\n\nCash and Cash Equivalents: € 22.9 million as of December 31, 2024\n\n\nCustomer Growth: Customer base expanded by over 200 %, reaching 55 customers across Europe, the United States, and Canada\n\n\n“2024 was a milestone year for ADS-TEC Energy, despite headwinds in the EV sector,” said Thomas Speidel, CEO of ADS-TEC Energy. “We navigated market volatility while achieving our first-ever positive adjusted EBITDA and more than tripled our customer base. As we move into 2025, we are transitioning into a more resilient, long-term growth phase—supported by new capital and a business model that leverages multiple recurring revenue streams across Europe and North America.”\n\nOperational Highlights\n\n\n$ 50 Million Financing Secured: On May 1, 2025, the company closed a $ 50 million funding round to support international growth and expansion of its business model\n\n\nShift to Resilient, Recurring revenues: Focus on long-term revenue streams backed by proven and proprietary technology\n\n\nGlobal Project Pipeline: Active negotiations in securing over 300 sites at high-traffic locations such as supermarkets, DIY chains, convenience stores, gas stations, and more\n\n\nSignificant growth opportunities in Energy Storage: Leveraging over a decade of experience, with its first commercial & industrial (C&I) battery energy stora...