Revenue: As of FY2025 Q1, the actual value is EUR 26 K.

EPS: As of FY2025 Q1, the actual value is EUR 0.86.

Segment Revenue

• Revenue for the three months ended March 31, 2025 was €26 thousand, compared to no revenue for the same period in 2024.

Operational Metrics

• Net income for the three months ended March 31, 2025 was €8,837 thousand, compared to €80,877 thousand for the same period in 2024.
• Gross margin for the three months ended March 31, 2025 was €6 thousand.
• Operating loss for the three months ended March 31, 2025 was €1,806 thousand, compared to an operating income of €61,313 thousand for the same period in 2024.
• Selling and distribution expenses for the three months ended March 31, 2025 were €240 thousand, compared to €53 thousand for the same period in 2024.
• General and administrative expenses for the three months ended March 31, 2025 were €1,135 thousand, compared to €1,134 thousand for the same period in 2024.
• Research and development expenses for the three months ended March 31, 2025 were €440 thousand, compared to €221 thousand for the same period in 2024.

Cash Flow

• Net cash used in operating activities for the three months ended March 31, 2025 was €2,169 thousand, compared to €12,393 thousand for the same period in 2024.
• Net cash provided by financing activities for the three months ended March 31, 2025 was €1,928 thousand, compared to €4,000 thousand for the same period in 2024.

Unique Metrics

• Income from changes in fair value of convertible notes payable carried at fair value for the three months ended March 31, 2025 was €10,331 thousand, compared to €21,062 thousand for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to focus on retrofitting and integrating solar technology onto third-party vehicles, with an emphasis on OEM partnerships to drive adoption of factory-installed solar solutions.
• Non-Core Business: The company has terminated the Sion passenger car program and is pivoting exclusively to solar technology integration.
• Priority: The company aims to secure additional financing and customer contracts to support its long-term growth strategy, with a focus on scaling operations and commercializing solar solutions.