ADS-TEC Energy Reports H1 2023 Results And Financial Update; Evenue Of €38.3M; Reiterates 2023 Guidance Of More Than €100M Revenue For 2023; Strong Customer Growth Projection Outlook For 2024
Portfolio Pulse from Benzinga Newsdesk
ADS-TEC Energy plc (NASDAQ:ADSE) reported H1 2023 revenues of €38.3 million, a 400% increase compared to H1 2022. The company reiterated its 2023 guidance of more than €100 million in revenue and expects strong customer growth in 2024. Despite an EBITDA of €-17.6 million, ADS-TEC aims to be EBITDA positive in Q4'23.
August 09, 2023 | 12:41 pm
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ADS-TEC Energy's strong H1 2023 results and positive outlook for 2023 and 2024 could boost investor confidence and potentially drive the stock price up in the short term.
ADS-TEC Energy's H1 2023 revenues significantly exceeded expectations, growing by 400% YoY. The company's reiteration of its 2023 guidance and its projection of strong customer growth in 2024 indicate a positive outlook. This could increase investor confidence in the company's performance and growth potential, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100