UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the Securities
Exchange Act of 1934
For the month of February 2025
Commission File Number 001-41188
ADS-TEC ENERGY PUBLIC LIMITED COMPANY
(Translation of registrant’s name into English)
10 Earlsfort Terrace
Dublin 2, D02 T380, Ireland
Telephone: +353 1 920 1000
(Address of principal executive office)
Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒
Form 40-F ☐
On February 11, 2025, ADS-TEC
ENERGY PLC (the “Company”) issued a press release announcing its preliminary unaudited financial results for the fiscal year
ended December 31, 2024 and outlining key business expansions. A copy of that press release is furnished as Exhibit 99.1 to this Report
of Foreign Private Issuer on Form 6-K (this “Form 6-K”) and is incorporated herein by reference.
The information furnished in this Form 6-K, including
the information contained in Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall
not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except
as shall be expressly set forth by a specific reference in such filing.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
This Form 6-K includes “forward-looking
statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.
The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on
these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,”
“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,”
“could,” “should,” “believe,” “hope,” “predict,” “potential,”
“continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements
include the Company’s expectations with respect to future performance and involve significant risks and uncertainties that could
cause the actual results to differ materially from the expected results. Most of these factors are outside the Company’s control
and are difficult to predict. Factors that may cause such differences include but are not limited to risks and uncertainties incorporated
by reference under “Risk Factors” in the Company’s Form 20-F (SEC File No. 001-41188) filed with the U.S. Securities
and Exchange Commission (the “SEC”) on April 30, 2024 and in the Company’s other filings with the SEC. The Company cautions
that the foregoing list of factors is not exclusive. The Company cautions readers not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly
any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions,
or circumstances on which any such statement is based.
Exhibit List
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
| Dated: February 11, 2025 |
ads-tec Energy PLC |
| |
|
|
| |
By: |
/s/ Stefan Berndt-von Bülow |
| |
Name: |
Stefan Berndt-von Bülow |
| |
Title: |
Chief Financial Officer |
Exhibit 99.1
ADS-TEC Energy Reports Strong Earnings Improvement for 2024 on Preliminary
Results and Announces Strategic Business Expansion
Key Highlights:
| · | Significant Earnings Improvement – Achieved important improvement
in earnings and reported positive gross profit for the first time, despite a highly volatile market environment. |
| · | Revenue Growth – Sales increased slightly compared to record
year 2023. |
| · | Service Division Expansion – Service business grew by approximately
180%, driven by expansion of its installed base between 2023 and 2024. |
| · | Number of international clients grew from 18 to roughly 55 |
| · | North American Market Growth – Strengthened U.S. presence with
customer expansion and a strategic partnership with Parkland Corporation. |
| · | Business Expansion – Announced turnkey solutions for
implementing and operating infrastructure projects, unlocking multiple recurring revenue streams and marking a new strategic direction. |
| · | ADS-TEC finished the year with cash and cash equivalents of approximately
€22.7 million |
NÜRTINGEN, February 11, 2025 – ADS-TEC Energy
plc (NASDAQ: ADSE), a global leader in battery-buffered ultra-fast charging technology, today announced preliminary, unaudited full-year
2024 results and outlined key business expansions.
Despite a challenging global economic landscape in 2024, ADS-TEC Energy
successfully leveraged its award-winning platform solutions to navigate industry disruptions. Market volatility, evolving e-mobility trends,
and regulatory hurdles led to project delays and insolvencies across the sector. However, ADS-TEC Energy demonstrated resilience
and secured new strategic partnerships.
Strong Earnings Improvement Amid Market Challenges
Amidst market uncertainties, ADS-TEC Energy 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.
According to preliminary figures, ADS-TEC Energy achieved its first-ever
gross profit in the double-digit million range and a significant improvement of its EBITDA, with growth in the high double-digit
percentage range compared to 2023. The audited 2024 financial statements are expected to be published in April 2025.
Customer Service Business Sees Significant Growth
ADS-TEC Energy’s service division nearly tripled in revenues
compared to 2023, highlighting the growing demand for comprehensive service solutions. The company’s portfolio includes critical
services such as:
• Spare
parts availability
• Remote
management solutions
• Ongoing
operational and software support for charging infrastructure
The company anticipates that these offerings will contribute to
a steady and increasing stream of recurring revenues. Additionally, new service initiatives in advertising and energy trading on
ADS-TEC’s platform are gaining traction, with a measurable impact on revenue and margins expected in 2025.
North America as a Key Growth Market
In the U.S., ADS-TEC Energy expanded its presence in Q4 2024,
with an existing customer scaling its supermarket charging network.
A major milestone was the announcement of a strategic partnership
with Parkland Corporation, a large multinational fuel distributor, gas station and convenience store operator with a footprint
in 26 countries across the Americas. This agreement will enable the installation of ChargeBox ultra-fast charging stations
across Parkland’s convenience store network, serving over one million daily customers.
The company expects this partnership to become a strong proof of concept
leading to a rapid scaling of its US operations.
Strategic Business Expansion to Drive Future Growth
ADS-TEC Energy is making significant progress in moving toward a business
model of recurring revenues and cash flows by expanding into project-based infrastructure, transitioning from a product-focused model
to a turnkey solutions provider. Under this new approach:
| · | ADS-TEC Energy will install, operate, and manage its charging solutions
at premium locations. |
| · | The company will generate three-pronged long-term recurring revenues through
fast charging services, energy trading, and large-scale advertising. |
In line with new growth opportunities, the company expects to finalize
framework agreements for several hundred locations within Germany in Q1 2025. The company expects a significant ramp-up of its business
over the coming years and is therefore currently exploring opportunities to enhance its financial flexibility.
About ADS-TEC Energy
Based on more than ten years of experience with lithium-ion technologies,
ADS-TEC Energy develops and produces battery storage solutions and fast charging systems including their energy management systems. Its
battery-based fast-charging technology enables electric vehicles to charge ultra-fast even with weak power grids and is characterized
by a very com-pact design. The company, based in Nürtingen, Baden-Württemberg, was nominated for the German Future Prize by
the Federal President and was included in the "Circle of Excellence" in 2022. The high quality and functionality of the battery
systems is due to a particularly high level of in-depth development and in-house production. With its advanced system platforms, ADS-TEC
Energy is a valuable partner for car manufacturers, energy supply companies and charging station operators.
More information at: www.ads-tec-energy.com
Forward-looking Statements
This press release contains forward-looking statements within the meaning
of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,”
“plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,”
“potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These
forward-looking statements include statements regarding our expected financial results for FY2024, our financial outlook for 2025, our
expectations with respect to future performance and the anticipated timing of certain commercial activities. There are a significant number
of factors that could cause actual results to differ materially from the statements made in this press release, including: the impact
of the COVID-19 pandemic, geopolitical events including the Russian invasion of Ukraine, macroeconomic trends including changes in inflation
or interest rates, or other events beyond our control on the overall economy, our business and those of our customers and suppliers, including
due to supply chain disruptions and expense increases; our limited operating history as a public company; our dependence on widespread
acceptance and adoption of EVs and increased installation of charging stations; our current dependence on sales to a limited number of
customers for most of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental rebates,
tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or
decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced,
modified or eliminated; supply chain interruptions and expense increases; unexpected delays in new product introductions; our ability
to expand our operations and market share in Europe and the U.S.; the effects of competition; changes to battery energy storage standards;
and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial
results are included under “Item 3. Key Information – 3.D. Risk Factors” in our annual report on Form 20-F filed with
the Securities and Exchange Commission (the “SEC”) on April 30, 2024, which is available on our website at https://www.ads-tec-energy.com...
and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC
from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof,
and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that
exist after the date on which they were made, except as required by applicable law.
Media Contacts:
ADS-TEC Energy International:
Dennis Müller
SVP Product Marketing & Communications
press@ads-tec-energy.com
ADS-TEC Energy United States:
Stephannie Depa
Breakaway Communications
sdepa@breakawaycom.com
+1 530-864-0136
ADD TEC Energy (NASDAQ:ADSEW)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
ADD TEC Energy (NASDAQ:ADSEW)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025
