Ads Tec Energy (ADSE) financial statements
Ads Tec Energy reported revenue of 110M EUR in fiscal 2024, up 42.0% a year over 5 years.
Net income was -98M EUR and the operating margin -7.8%, against -50.7% in 2019.
Free cash flow was -18M EUR.
The diluted share count rose 60% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions (EUR).
Income statement
Fiscal years, in EUR, from Ads Tec Energy's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Revenue | 19M EUR | 47M EUR | 33M EUR | 26M EUR | 107M EUR | 110M EUR |
| Cost of revenue | 22M EUR | 46M EUR | 35M EUR | 31M EUR | 110M EUR | 91M EUR |
| Gross profit | -3M EUR | 2M EUR | -2M EUR | -4M EUR | -3M EUR | 19M EUR |
| Research and development | 473,000 EUR | 749,000 EUR | 2M EUR | 2M EUR | 3M EUR | 9M EUR |
| Selling, general and admin | 6M EUR | 8M EUR | 13M EUR | 31M EUR | 28M EUR | 32M EUR |
| Operating income | -10M EUR | -8M EUR | -19M EUR | -36M EUR | -45M EUR | -9M EUR |
| Interest expense | 114,000 EUR | 261,000 EUR | 338,000 EUR | 0 EUR | 3M EUR | 11M EUR |
| Pre-tax income | -11M EUR | -10M EUR | -87M EUR | -16M EUR | -58M EUR | -97M EUR |
| Income tax | 1M EUR | -45,000 EUR | 413,000 EUR | 3M EUR | -3M EUR | 491,000 EUR |
| Net income | -12M EUR | -10M EUR | -88M EUR | -19M EUR | -55M EUR | -98M EUR |
| EPS (diluted) | -0.38 EUR | -320.86 EUR | -3.46 EUR | -0.39 EUR | -1.13 EUR | -1.91 EUR |
| Diluted shares | 32M | 0M | 25M | 49M | 49M | 51M |
| Gross margin | -16.4% | 3.8% | -6.9% | -16.9% | -2.7% | 17.7% |
| Operating margin | -50.7% | -17.3% | -56.4% | -137.8% | -41.5% | -7.8% |
| Net margin | -63.1% | -21.7% | -265.3% | -71.5% | -51.3% | -89.0% |
Balance sheet
Fiscal years, in EUR, from Ads Tec Energy's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | 9M EUR | 18,000 EUR | 102M EUR | 38M EUR | 29M EUR | 23M EUR |
| Receivables | — | 4,000 EUR | 11M EUR | 18M EUR | 21M EUR | 15M EUR |
| Inventory | — | — | — | — | 53M EUR | 78M EUR |
| Total current assets | — | 25M EUR | 127M EUR | 105M EUR | 90M EUR | 115M EUR |
| Property, plant and equipment | — | 2M EUR | 3M EUR | 5M EUR | 6M EUR | 6M EUR |
| Total assets | — | 45M EUR | 151M EUR | 139M EUR | 124M EUR | 145M EUR |
| Total current liabilities | — | 23M EUR | 30M EUR | 42M EUR | 60M EUR | 62M EUR |
| Total liabilities | — | 54M EUR | 54M EUR | 59M EUR | 90M EUR | 188M EUR |
| Shareholders' equity | 2M EUR | -9M EUR | 97M EUR | 81M EUR | 34M EUR | -43M EUR |
| Net debt | -9M EUR | -18,000 EUR | -102M EUR | -34M EUR | -29M EUR | -23M EUR |
Cash flow
Fiscal years, in EUR, from Ads Tec Energy's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Operating cash flow | -20M EUR | -13M EUR | -18M EUR | -58M EUR | -21M EUR | -16M EUR |
| Capital spending | 6M EUR | 7M EUR | 6M EUR | 11M EUR | 10M EUR | 1M EUR |
| Free cash flow | -26M EUR | -19M EUR | -24M EUR | -69M EUR | -31M EUR | -18M EUR |
| Stock-based compensation | — | — | 59M EUR | 3M EUR | 1M EUR | 4M EUR |
| Net borrowing | 14M EUR | 10M EUR | 26M EUR | -8M EUR | 11M EUR | 3M EUR |
| Free cash flow margin | -136.1% | -40.5% | -72.3% | -260.6% | -28.5% | -16.1% |
Questions
What was Ads Tec Energy's revenue in 2024?
110M EUR in fiscal 2024, from its 10-K filing.
How much free cash flow does Ads Tec Energy generate?
-18M EUR in fiscal 2024 (operating cash flow minus capital spending).
From Ads Tec Energy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.