ADS-TEC Energy (ADSE) has released an update.
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ADS-TEC Energy has reported a significant year-over-year revenue growth of 107% in the first half of 2024, with revenues reaching €79.3 million. The company has seen a substantial improvement in gross margin to 19.8% and achieved profitability for the third consecutive quarter. Strategic partnerships with companies like Porsche and Caverion, along with a growing customer base, have positioned ADS-TEC Energy for sustained growth in the ultra-fast charging market.
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