Ads-Tec Energy reports preliminary FY24 revenue slightly exceeded FY23

ADS-TEC Energy (ADSE) reports preliminary FY24 results. The company slightly exceeded its previous year’s revenues, while growing its customer base by more than 200% to 55 customers across Europe, USA and Canada. In late 2024 the company effectively mitigated and resolved risks from a major customer’s business difficulties by acquiring nearly all their affected end-customers directly. However, due to customer-side delays, revenue in the double-digit million range could not be realized in 2024 as expected which resulted in ADSE falling short of its revenue forecast for 2024. The company expects these sales revenues originally anticipated for 2024 will be realized in 2025.