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Sono Group (SEVCF) investor relations material

Sono Group Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary19 Aug, 2025

Executive summary

  • Focus shifted to solar integration solutions for commercial vehicles, leveraging proprietary solar charge controller technology and OEM partnerships as key growth drivers.

  • Achieved H1 2025 net income of €8.0 million, mainly from fair value adjustments and a one-time reconsolidation gain, despite limited revenue.

  • Q2 2025 net loss narrowed to €0.8 million, a 44% improvement year-over-year.

  • Maintained commercial momentum with OEM collaborations, initial deliveries, and early deployments in refrigerated transport and electric trucks.

  • Revenue remains limited as the company transitions from technology development to commercial implementation, with ongoing operating losses expected as scaling continues.

Financial highlights

  • For H1 2025: net income €8.0m, revenue €19k–€51k, cost of sales €6k–€39k, gross margin €13k, compared to a significant loss in H1 2024.

  • Q2 2025: net loss €0.8m, revenue €25k, cost of sales €19k, down from a net loss of €1.4m in Q2 2024.

  • SG&A expenses decreased to €2,755k in H1 2025, mainly due to lower professional fees, with a 21% reduction year-over-year.

  • Cash as of June 30, 2025 was €339k, down from €1,354k at December 31, 2024.

  • Net cash used in operating activities for H1 2025 was €3.5m, a significant improvement from €15.9m in H1 2024.

Outlook and guidance

  • Focus remains on scaling OEM partnerships and commercial rollouts, especially in refrigerated trailer and electric truck segments.

  • Current funding, including the Yorkville Commitment and planned fundraising, is expected to support operations through Q2 2026 if all conditions are met.

  • Management anticipates continued operating losses as commercialization and scaling efforts proceed.

  • Ongoing uncertainty exists regarding uplisting to a national exchange and securing additional customer contracts or financing.

  • Continued tight expense control and monitoring of G&A as business scales.

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Frequently asked questions

Sono Group N.V., operating through its subsidiary Sono Motors, focuses on developing solar-powered mobility solutions. The company specializes in solar technology integration for various vehicles, including buses, trucks, and commercial vehicles. Key products include the Solar Bus Kit, a retrofit solution aimed at reducing energy consumption and emissions in urban transport, and solar modules for other commercial applications. The company is headquartered in Munich, Germany, and its shares are listed on the NASDAQ.

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