Financial Data and Key Metrics Changes - Q2 revenue was €38,300,000, up 2% compared to the previous quarter but down 22% from a record high in Q2 last year [5][29] - Gross margin was 37.8%, stable compared to the previous quarter and within the guided range of 37% to 39% [7][30] - Adjusted EBITDA loss for Q2 was €7,500,000, reflecting a 33% improvement year over year [10][32] - Cash costs, defined as labor costs and operating expenses excluding R&D, decreased by 35% year over year [9][31] Business Line Data and Key Metrics Changes - AC sales generated €26,600,000, representing approximately 69% of total revenue, with a 4% improvement quarter over quarter but down 18% year over year [15] - DC sales remained flat at €4,200,000, contributing 11% to total sales, with expectations for improvement in upcoming quarters [17] - Software and services grew by 27% year over year, generating €7,600,000 or 20% of total revenue [20] Market Data and Key Metrics Changes - Europe contributed €26,100,000 or 68% of total revenue, with a 30% year-over-year growth in the European EV market [12][24] - North America contributed €11,400,000 or 30% of total revenue, with a 5% year-over-year decline in the EV market [13][25] - APAC and LATAM contributed approximately €260,000 and €550,000 respectively, with significant future potential but not prioritized currently [14] Company Strategy and Development Direction - The company aims to selectively invest in sales structures to capture renewed market growth, particularly in Europe and North America [6][12] - Focus on operational efficiency and rightsizing the organization to achieve profitability while maintaining growth [10][28] - The company is leveraging its platform and innovative product portfolio to position itself as a leader in the EV market [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in potential growth in the second half of the year, driven by the recovery of the European EV market [36] - The company recognizes the volatility in the North American market due to changing subsidies and policies but remains optimistic about growth opportunities [25][26] - The strategic focus is on adapting to market dynamics and achieving profitability through a flexible organizational structure [27][28] Other Important Information - The company ended the quarter with approximately €32,400,000 in cash and financial instruments, with total debt increasing by 9% to €182,000,000 [33][34] - Inventory decreased by 33% year over year, reflecting operational improvements [35] Q&A Session Summary Question: Status of the Generac investment - Management confirmed that the partnership with Generac is progressing well, with home chargers being commercialized in North America and integration of app platforms [41][42] Question: Details about the QUASAR two project - Management highlighted that QUASAR two is a bidirectional charger allowing electric car batteries to power homes, with initial deliveries to Kia AV9 owners [46][48] Question: Updates on the ABL acquisition and market momentum - Management reported strong growth in Germany and Spain, with a focus on expanding the sales organization and cross-selling opportunities [59][60]

Financial Performance - Q2 2025 revenue reached €383 million, a 2% increase QoQ[8] - Q2 2025 gross margin was 378%[8] - Adjusted EBITDA loss for Q2 2025 was €75 million[8] - Q2 2025 cash costs decreased by 35% YoY[10] Sales and Product - Approximately 39000 AC units were sold in Q2 2025[10] - Approximately 140 DC units were sold globally in Q2 2025[10] - AC sales accounted for 69% of Q2 2025 revenue, DC sales for 11%, and Software, Services & Others for 20%[13] Geographical Revenue - Europe accounted for 68% of Q2 2025 revenue, with €261 million[11] - North America accounted for 30% of Q2 2025 revenue, with €114 million[11] - LATAM accounted for 1% of Q2 2025 revenue, with €550k[11] - APAC accounted for 1% of Q2 2025 revenue, with €260k[11]

Financial Performance - Q1 2025 revenue reached €376 million, a 13% year-over-year decrease[8] - North America experienced a 142% year-over-year revenue increase[8] - Q1 gross margin was 381%[8] - Adjusted EBITDA loss for Q1 was €78 million[8] - Q1 cash costs decreased by 32% year-over-year[8] Revenue Breakdown - Europe accounted for 68% of Q1 2025 revenue, totaling €255 million[11] - North America contributed 30% of Q1 2025 revenue, amounting to €114 million[11] - APAC represented 1% of Q1 2025 revenue, with €300k[11] - LATAM also accounted for 1% of Q1 2025 revenue, generating €480k[11] - AC sales made up 68% of Q1 2025 revenue, reaching €256 million[13] - DC sales comprised 11% of Q1 2025 revenue, totaling €4 million[13] - Software, Services & Others contributed 21% of Q1 2025 revenue, amounting to €8 million[13] Financial Position - Cash and cash equivalents and financial investments totaled €406 million[31] - Loans and borrowings amounted to €199 million[31] - Consolidated inventory was €636 million, a 29% year-over-year reduction[31] - Capex for Q1 was €07 million[31]