Financial Highlights - The company reported a net income of €8.8 million for Q1 2025, primarily driven by non-cash fair value adjustments to convertible debt instruments [6][9]. - First revenues of €26 thousand were recorded, indicating initial commercialization of solar solutions [6][9]. - Cash used in operating activities decreased significantly to €2.2 million from €12.4 million in Q1 2024 [6][9]. Business Updates and Outlook - The company is focused on scaling its solar retrofitting business and establishing long-term strategic partnerships [4][6]. - A partnership with a European Bus OEM has commenced, allowing customers to purchase solar-equipped buses directly from the manufacturer [6][9]. - Collaboration with Ford Motor Company has begun under the EU-funded SolarMoves project to test Vehicle Integrated Photovoltaics on a Ford E-Transit [6][9]. - The company is intensifying its focus on OEM collaborations and industrial partnerships to integrate solar technology into production-line vehicles [6][9]. Financial Position - Total current assets decreased to €1.793 million from €2.292 million year-over-year [8][9]. - Total liabilities decreased to €16.375 million from €25.732 million year-over-year [9]. - Shareholders' equity improved to a deficit of €13.844 million from a deficit of €22.681 million year-over-year [9].