Revenue Within Guidance Range
Q2 revenue was EUR 38.3 million, within the EUR 37 million to EUR 39 million guidance range, up 2% compared to last quarter.
Strategic Partnerships and Product Launches
Announced partnership with PowerGo for deploying EV charging solutions, and launched Quasar 2 and virtual power plants in collaboration with Leap.
Improvement in Operational Efficiency
Labor costs and operating expenses down 3% compared to last quarter and 25% compared to the same period last year; achieved a 35% year-over-year reduction in cash costs.
Growth in Software, Services, and Others
These activities grew 27% year-over-year, generating EUR 7.6 million or 20% of total revenue.
Positive Market Dynamics in Europe
The European EV market showed 30% growth year-over-year for the second quarter.