S
Sono Group N.V.
SSMCIK 0001840416NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthSemiconductors & Related DevicesP7AUFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$4.01M
Total Assets
$1.42M
Equity
$-107.0K
Shares Out
1.42M
Op. Cash Flow
$-7.30M
Business
Sono Group N.V. develops and integrates proprietary vehicle‑integrated solar technology for commercial mobility applications, having pivoted to retrofit and OEM integration of solar systems. Its main offerings include Solar Bus Kit and other retrofit solar kits, semi‑flexible ViPV solar modules, low‑ and high‑voltage solar charge controllers (MCUs), telematics/dashboard data services and engineering and validation services. The company organizes its products into complete solar solutions, standalone MCUs, solar modules and data/engineering services. It sells primarily via direct B2B channels to OEMs, fleet operators and industry partners across Europe and select international markets, including the United States.
Summary from filing dated 2025-04-17
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Revenue | 149,000 | 0 | 42,000 | |
| Cost of sales | 92,000 | 0 | 70,000 | |
| Gross margin | 57,000 | 0 | −28,000 | |
| Selling and distribution expenses | 877,000 | 678,000 | 1 | |
| General and administrative expenses | 5 | 5 | 13 | |
| Research and development expenses | 2 | 1 | 16 | |
| Gain on reconsolidation | — | −63 | — | |
| Other Operating income | −13,000 | −398,000 | −976,000 | |
| Total Operating Expenses and Costs | 8 | −57 | 51 | |
| Income (Loss) from Operations | −8 | 57 | −51 | |
| Income from changes in fair value of convertible note payable carried at fair value | 11 | 9 | 5 | |
| Gain / (Loss) on foreign currency translation | 604,000 | −405,000 | 220,000 | |
| Total Other Income | 12 | 9 | 6 | |
| Net Income | 4 | 65 | −46 | |
| Basic (in EUR per Share) | 2.76 | 44.86 | −31.99 | |
| Diluted (in EUR per Share) | 0.5 | 3.77 | −31.99 | |
| Basic (in shares) | 1 | 1 | 1 | |
| Diluted (in shares) | 8 | 17 | 1 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-02-29 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash | 206,000 | 1 | — | 7 | — | |
| Inventory | 329,000 | 304,000 | — | 0 | — | |
| Prepaid taxes | 103,000 | 531,000 | — | 681,000 | — | |
| Prepaid expenses and other current assets | 118,000 | 103,000 | — | 778,000 | — | |
| Total Current Assets | 756,000 | 2 | — | 9 | — | |
| Property, plant and equipment, net | 94,000 | 129,000 | 66,000 | 0 | — | |
| Right of use lease assets | 574,000 | 630,000 | — | 679,000 | — | |
| Total Assets | 1 | 3 | — | 10 | — | |
| Accounts payable and accrued expenses | 948,000 | 575,000 | — | 57 | — | |
| Lease liability, current portion | 70,000 | 58,000 | — | 49,000 | — | |
| Convertible notes payable at fair value | — | 24 | — | 26 | — | |
| Deferred revenue | 5,000 | — | — | — | — | |
| VAT payable | — | 487,000 | — | 14 | — | |
| Other current liabilities | 4,000 | 5,000 | — | 4,000 | — | |
| Total Current Liabilities | 1 | 25 | — | 97 | — | |
| Lease liability, long term portion | 504,000 | 572,000 | — | 630,000 | — | |
| Total Liabilities | 2 | 26 | — | 97 | — | |
| Commitments and Contingencies | — | — | — | — | — | |
| Preferred Shares, par value 300.00 per share, 1,401 shares authorized, 1,401 and 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively (1) | 420,000 | — | — | — | — | |
| Additional paid-in capital | 317 | 299 | — | 299 | — | |
| Accumulated deficit | −317 | −321 | — | −386 | — | |
| Total Shareholders Equity | −107,000 | −23 | — | −88 | −53 | |
| Total Liabilities and Shareholders Equity | 1 | 3 | — | 10 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Depreciation of property, plant and equipment | 31,000 | 18,000 | 29,000 | |
| Stock based compensation | 0 | −19,000 | −572,000 | |
| Gain on reconsolidation | 0 | −63 | −40 | |
| Non-cash lease expense | 56,000 | 49,000 | — | |
| Other non-cash (income) / expense | −632,000 | 357,000 | 6 | |
| Inventory | −25,000 | −304,000 | 0 | |
| Prepaid taxes | −428,000 | 150,000 | 0 | |
| Prepaid expenses and other | −15,000 | 675,000 | 5 | |
| Accounts payable and accrued expenses | 535,000 | 5 | 17 | |
| Lease Liability | −56,000 | −49,000 | 0 | |
| VAT payable | −487,000 | −14 | 0 | |
| Other current liabilities | 4,000 | 0 | — | |
| Net cash used in operating activities | −7 | −14 | −11 | |
| Acquisition of property and equipment | 0 | −80,000 | — | |
| Reconsolidation (deconsolidation) of the Subsidiary cash balance | 0 | 1 | −7 | |
| Net cash provided by (used in) investing activities | 0 | 1 | −11 | |
| Proceeds from the issuance of convertible notes | 6 | 7 | 0 | |
| Proceeds from the issuance of shares from conversion of employee options | 3,000 | 0 | — | |
| Proceeds from issue of shares in private placement | 85,000 | 0 | — | |
| Net cash provided by financing activities | 6 | 7 | 6,000 | |
| Effect of currency translation on cash | 28,000 | 47,000 | −206,000 | |
| Net (decrease) in cash | −1 | −6 | — | |
| Convertible debt exchanged for preferred stock | 18 | — | — |
Filings
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