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Financial statements

Ads-Tec Energy Public Ltd Co financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Ads-Tec Energy Public Ltd Co files with the SEC in its annual reports.

In EUR millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2019FY2021FY2021FY2022FY2023FY2024
Revenue19.147.43326.4107110
Cost of revenue22.245.535.330.911090.6
Gross profit-3.131.82-2.28-4.47-2.8919.4
Research and development0.470.752.011.72.838.97
General and administrative5.927.5713.331.327.831.6
Operating income-9.68-8.19-18.6-36.4-44.5-8.61
Interest expense2.840.4313.988.9
Interest income0.0520.50.190.02
Pre-tax income-10.6-10.3-87.2-16.3-58.2-97.5
Income tax1.49-0.050.412.57-3.140.49
Net income-12.1-10.387.6-18.9-55.1-98
EBITDA-9.21-6.68-15.5-32.1-39.7-1.91
EPS, basic-381.02-320.86-3.46-0.39-1.13-1.91
EPS, diluted-381.02-320.86-3.46-0.39-1.13-1.91

Balance sheet

FY2019FY2021FY2021FY2022FY2023FY2024
Cash and equivalents9.330.0210234.429.222.9
Short-term investments3.20.010.01
Receivables011.317.721.214.9
Inventory5377.7
Total current assets25.312710589.5115
Property, plant and equipment2.022.965.396.396.2
Lease right-of-use assets1.622.51.993.373.293.27
Intangible assets15.31722.12533.1
Total assets45.3151139124145
Accounts payable12.51415.72235
Total current liabilities23.530.442.460.361.8
Lease liabilities21.542.642.582.34
Total liabilities53.954.358.790.5188
Total debt01312
Retained earnings-117-136-191
Shareholders' equity-8.5996.980.733.9-42.8
Total equity1.69-8.5996.980.733.9-42.8
Total liabilities and equity45.3151139124145

Cash flow statement

FY2019FY2021FY2021FY2022FY2023FY2024
Net income-12.1-10.387.6-18.9-55.1-98
Depreciation and amortization0.471.523.14.344.856.7
Cash from operations-19.9-12.6-18.3-57.8-20.7-16.3
Capital expenditures-1.32-1.06-1.58-3.48-2.3-0.96
Cash from investing-5.85-6.62-5.59-10.9-9.92-1.3
Debt issued13.710.426.41214
Debt repaid-0.35-7.52-0.7-11.2
Stock issued265
Cash from financing13.59.9126-8.6625.510.6
Exchange rate effect-0.279.96-0.190.68
Net change in cash102-77.3-5.09-6.98
Free cash flow-21.2-13.6-19.9-61.3-23-17.2
Income taxes paid0.20

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Gross margin17.7%Gross profit / revenue.
Operating margin-7.8%Operating income / revenue.
EBITDA margin-1.7%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-88.6%Pre-tax income / revenue.
Net margin-89.0%Net income / revenue.
FCF margin-15.7%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-14.8%Cash from operations / revenue.
Return on assets (ROA)-72.7%Net income / average total assets.
R&D / revenue8.2%Research and development expense / revenue.
Capex / revenue0.9%Capital expenditures / revenue.
D&A / revenue6.1%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y2.4%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y49.3%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y42.0%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-226.2%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y16.7%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-1.3%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.86xCurrent assets / current liabilities.
Quick ratio0.61x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.37x(Cash + short-term investments) / current liabilities.
Debt / assets8.2%Total debt / total assets.
Liabilities / assets129.5%Total liabilities / total assets.
Net debt-€10.9MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-0.10xOperating income / interest expense.
Working capital€53.2MCurrent assets - current liabilities.
Goodwill and intangibles / assets22.8%(Goodwill + intangible assets) / total assets.
Tangible book value-€75.9MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.82xRevenue / average total assets.
Fixed asset turnover17.5xRevenue / average property, plant and equipment.
Inventory turnover1.39xCost of revenue / average inventory.
Days inventory263 days365 x average inventory / cost of revenue.
Receivables turnover6.09xRevenue / average receivables.
Days sales outstanding60 days365 x average receivables / revenue.
Days payables115 days365 x average accounts payable / cost of revenue.
Cash conversion cycle208 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-€1.91Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-€1.91Net income per basic share, as reported (split-adjusted).
What was Ads-Tec Energy Public Ltd Co's revenue in fiscal 2024?

Ads-Tec Energy Public Ltd Co reported revenue of €110.0M for fiscal 2024, 2.4% higher than the year before.

Was Ads-Tec Energy Public Ltd Co profitable in fiscal 2024?

No. It reported a net loss of €98.0M.

How much free cash flow did Ads-Tec Energy Public Ltd Co generate in fiscal 2024?

Cash from operations of €16.3M minus capital expenditures of €958.0K left free cash flow of -€17.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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