Sono Group (SEVCF) has released an update.
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Sono Group N.V. has announced a substantial financial recovery with a 92% reduction in cash outflow from operating activities and a more than threefold decrease in total loss for FY 2023. The company’s focus on B2B solar solutions is gaining traction, underscored by the Solar Bus Kit winning the Busplaner Innovation Award. Anticipation builds as Sono shares are expected to commence trading on OTCQB in July 2024, marking a significant milestone for the company.
For further insights into SEVCF stock, check out TipRanks’ Stock Analysis page.
