ADS-TEC Energy Delivers First Quarter 2024 Trading Update
ADS-TEC Energy plc (“ADS-TEC Energy,” “Company,” “we,” “our” or “us”) (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, today announced its trading update for the quarter ended March 31, 2024.
- ADS-TEC Energy plc (“ADS-TEC Energy,” “Company,” “we,” “our” or “us”) (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, today announced its trading update for the quarter ended March 31, 2024.
- View the full release here: https://www.businesswire.com/news/home/20240514304142/en/
ADS-TEC Energy delivers first quarter 2024 trading update (Photo: Business Wire)
Key Highlights from the First Quarter 2024:
• Revenue for the first quarter of 2024 totaled approximately EUR 37 million. - • Adjusted EBITDA for the first quarter of 2024 amounted to approximately EUR 1 million.
- • Cash reserves at the end of the quarter stood at approximately 23,0 million, demonstrating strong cash management despite significant year-over-year growth.