Adsero Corporation New (ADSE) Reports FY21 Net Loss of EUR 87.6M

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Go back to Adsero Corporation New (ADSE) Reports FY21 Net Loss of EUR 87.6M

ADS-TEC Energy (ADSE) Reports Fiscal Year 2021 Results and Provides 2022 Guidance

April 28, 2022 8:00 AM EDT

Consummation of business combination with European Sustainable Growth Acquisition Corp. (EUSG) on December 22, 2021 provided ADSE with significant cash for future growth Order Backlog was more than 60 million by end of March 2022, largely driven by the expansion into the U.S. H2 2021 international expansion and diversification of revenue in additional geographies have created significant growth opportunities Completion of the initial Porsche order in early 2021 resulted in a revenue decrease of approximately 30% year-over-year IFRS gross loss in FY2021 was (2.2) million Adjusted gross profit in FY2021 was 0.8 million through this company transformation year Adjusted EBITDA... More