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ADS-TEC Energy ( (ADSE) ) has issued an announcement.
ADS-TEC Energy reported significant earnings improvement for the fiscal year 2024, achieving its first-ever positive gross profit despite a volatile market environment. The company saw a nearly 200% increase in its customer base and a 180% growth in its service division. The strategic expansion into the North American market was marked by a partnership with Parkland Corporation, aiming to install ChargeBox ultra-fast charging stations across convenience stores. While the company faced challenges such as project delays, it succeeded in securing new strategic partnerships and transitioning toward a business model focused on recurring revenues through turnkey infrastructure solutions. ADS-TEC Energy expects to realize the deferred sales revenues in 2025, with further growth anticipated due to new service initiatives and expanding market presence.
More about ADS-TEC Energy
ADS-TEC Energy is a global leader in battery-buffered ultra-fast charging technology, specializing in the development and production of battery storage solutions and fast charging systems, including energy management systems. Based in Nürtingen, Baden-Württemberg, the company leverages more than a decade of experience with lithium-ion technologies to provide compact, high-quality charging solutions. ADS-TEC Energy serves as a key partner for car manufacturers, energy supply companies, and charging station operators.
YTD Price Performance: -6.50%
Average Trading Volume: 137,077
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $748.7M
For an in-depth examination of ADSE stock, go to TipRanks’ Stock Analysis page.
