Sono Group (SEVCF) investor relations material

Executive summary

• Shifted from legacy solar operations to a Bitcoin treasury strategy after selling Sono Motors GmbH on May 4, 2026; the former business is reported as discontinued operations.

• Q3 2026 net income was $647 thousand versus a $1,355 thousand net loss in Q3 2025; nine-month net loss was $5,145 thousand.

• Quarter-end cash was $467 thousand and Bitcoin fair value was $4,442 thousand; management concluded substantial doubt about continuing as a going concern remained.

Financial highlights

• Continuing-operations revenue was $0 in Q3 and 9M 2026; Q3 digital asset treasury income was $729 thousand, while the 9M treasury loss was $161 thousand.

• Q3 operating income was $126 thousand versus a $797 thousand operating loss in Q3 2025; 9M operating loss was $3,057 thousand versus $1,995 thousand in 9M 2025.

• Q3 net income included a $1,079 thousand fair-value gain on debt and derivative instruments and $559 thousand interest expense; no discontinued-operations loss was recorded, versus $1.1 million in Q3 2025.

• 9M net loss was $5,145 thousand versus $7,423 thousand net income in 9M 2025, which included a $12,434 thousand fair-value gain on predecessor convertible notes.

• G&A was $603 thousand in Q3, down from $797 thousand YoY; 9M G&A was $2,896 thousand, up from $1,995 thousand, mainly due to legal, audit, financing, transaction and public-company costs.

Outlook and guidance

• Liquidity plans include seeking debt and equity financing, selling some Bitcoin, and generating covered-call premiums; there is no assurance these sources will fund obligations as due.

• The four 2026 debentures mature from January through April 2027 and may require refinancing or conversion; liquidity plans also depend on Bitcoin monetization and covered-call performance.

• Management projected first-year cash flow from the Treasury Strategy, but said the strategy and completed financing and divestiture actions did not alleviate substantial doubt about going concern.