SEV

Reports Q1 2026 GAAP Net Loss of $10.2 Million Calculates Q1 2026 Adjusted Net Loss of $6.2 Million (Non-GAAP) Secured $17.1 Million in New Capital and Ended Quarter with $17.7 Million in Cash and Cash Equivalents Drove First Five Validation Vehicles Off the Low-Volume Validation Assembly Line in Carlsbad Grew Total Active Headcount Approximately 54% Year-over-Year to 57 Employees, Reflecting Continued Engineering Build-Out Resolved Zaptera Litigation, Dismissing All Claims with Prejudice CARLSBAD, Calif., May 13, 2026 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV) (“Aptera” or the “Company”), a solar mobility company advancing ultra-efficient transportation, today reported its financial results for the first quarter ended March 31, 2026. “The first quarter of 2026 reflected the disciplined execution and steady operational progress that have defined our journey toward production,” said Chris Anthony, Co-CEO of Aptera. “We strengthened our balance sheet with over $17 million in new capital, scaled our engineering organization, and resolved legacy litigation. Each dollar of liquidity continues to be deployed directly into the procurement of critical long-lead components, safety testing, and final engineering — the building blocks that move Aptera closer to its first customer deliveries.” First Quarter 2026 Financial Highlights (In thousands, except per share data) *See “Use of Non-GAAP Financial Measures” and reconciliation table below. Business Update Subsequent to quarter-end, the Company drove the first five validation vehicles off its low-volume validation assembly line in Carlsbad, as detailed in the Company’s announcement of May 12, 2026. During the first quarter of 2026, the Company strategically deployed capital toward the procurement of critical long-lead components, materials, and supplies necessary to advance vehicle validation and production readiness. The Company also continued to scale its organization in support of the production-readiness program, growing total active headcount to 57 employees as of March 31, 2026, from 37 employees as of March 31, 2025, an increase of approximately 54%. The Engineering organization accounted for the substantial majority of net additions, including a tripling of hourly Engineering roles supporting hands-on vehicle build and assembly activities. As of March 31, 2026, the Company had approximately 49,000 r...

Reports Q4 2025 GAAP Net Loss of $15.5 Million and Full Year Net Loss of $43.9 Million Calculates Q4 2025 Adjusted Net Loss of $8.7 Million (Non-GAAP) and Full Year Adjusted Net Loss of $18.5 Million (Non-GAAP) Recognized $4.2 Million in Other Income for the Full Year, primarily from California Energy Commission Grant Ended Year with $9.6 Million in Cash and Cash Equivalents CARLSBAD, Calif., March 30, 2026 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV) (“Aptera” or the “Company”), a solar mobility company advancing ultra-efficient transportation, today reported its financial results for the fourth quarter and full year ended December 31, 2025. “Our fourth quarter capped a transformative year for Aptera as we transitioned to a publicly traded company and began standing up our validation assembly line,” said Chris Anthony, Co-CEO of Aptera. “We are laser-focused on completing our durability testing and leveraging the $17.1 million in new capital raised in early 2026 to lock in long-lead components, as we work toward our target of getting Aptera on the road. Our goal remains simple: ensure we have the resources and manufacturing foundation to execute on our phased path to low-volume production.” Fourth Quarter and Full Year 2025 Financial Highlights (In thousands, except per share data) *See “Use of Non-GAAP Financial Measures” and reconciliation table below. Business Update and Liquidity The Company’s operational focus remains on the build-out of its validation assembly line and the assembly of its validation fleet using production-intent parts. As of December 31, 2025, the Company had $9.6 million in cash and cash equivalents. The Company’s Annual Report on Form 10-K for the year ended December 31, 2025, provides a detailed update on its liquidity and capital resources. During the first quarter of 2026, the Company successfully raised an aggregate of approximately $17.1 million in gross proceeds, consisting of $9.0 million from a follow-on public offering closed on January 26, 2026, and an additional $8.1 million from subsequent warrant exercises, which included a $6.3 million warrant inducement transaction completed on March 12, 2026. The Company also maintains access to its equity line of credit (ELOC), subject to customary conditions. Additionally, the Company's Carlsbad assembly facility received Foreign-Trade Zone (FTZ) designation in February 20...

Nine month (9M) 2025 net income of €6.6 million primarily driven by fair value adjustments; revenue begins to reflect initial commercialization; continued progress on OEM collaborations MUNICH, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Sono Group N.V. (Nasdaq: SSM) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH, hereafter referred to as “Sono Solar” or “Subsidiary”), the solar technology company, today announced its financial results for the third quarter ended September 30, 2025 and the first nine months of 2025. Q3 & Year-to-Date 2025 Financial Highlights Balance sheet strengthened: Completed the conversion of all outstanding convertible debentures into preferred equity. As a result, shareholders’ equity improved from a deficit of €22.7 million at year-end 2024 to a positive €2.5 million at September 30, 2025, a major milestone that restores financial flexibility and reinforces the Company’s capital position ahead of growth. Revenue: Doubled quarter-over-quarter in Q3 2025, reflecting continued progress along the commercialization roadmap. Profitability: Demonstrated sustained financial discipline with Q3 net loss reduced to €1.4 million from €9.5 million a year earlier. Operating loss held broadly stable at €1.6 million, highlighting effective cost control and operating efficiency as the Company scales commercialization. 9M results: Net income of €6.6 million for the nine months ended September 30, 2025, reflecting non-cash fair value movements; the year-over-year change versus 2024 primarily relates to the non-recurring reconsolidation gain recorded in 2024. Cash: €2.3 million at September 30, 2025 compared to €1.4 million at December 31, 2024. Net cash used in operating activities improved to €5.2 million for 9M 2025 from €13.5 million for 9M 2024 reflecting a 62% improvement from prior period. Business Updates and Outlook Uplisting complete; investor reach expanded. Ordinary shares commenced trading on the Nasdaq Capital Market under “SSM” on September 5, 2025, enhancing visibility and access to global investors. Capital structure simplified; equity base strengthened. Following the conversion of all outstanding convertible debentures into preferred equity, Sono entered Q4 with a positive shareholders’ equity position as of September 30, 2025 with significant balance sheet flexibility compared to prior period. OEM traction...

Reports Q3 2025 GAAP Net Loss of $5.5 Million and Nine-Month Net Loss of $28.4 Million Calculates Q3 2025 Adjusted Net Loss of $2.9 Million (Non-GAAP) and Nine-Month Adjusted Net Loss of $10.2 Million (Non-GAAP) Recognized $2.5 Million in Other Income for Q3 and $4.6 Million for Nine Months primarily from California Energy Commission Grant Ended Quarter with $12.0 Million in Cash and Cash Equivalents CARLSBAD, Calif., Nov. 17, 2025 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV) ("Aptera" or the "Company"), a solar mobility company pioneering ultra-efficient transportation, today reported its financial results for the third quarter ended September 30, 2025. “Our third quarter was focused on disciplined execution as we prepared for our transition to a public company,” said Chris Anthony, Co-CEO of Aptera. “We’ve begun building out our validation line and managed our cash burn, supported by $2.5 million in grant funding from the California Energy Commission. With our subsequent Nasdaq listing and the $75 million equity line of credit now in place, we are focused on the next critical phase: securing the incremental capital needed to fund our validation program and move toward low-volume production.” Third Quarter 2025 Financial Highlights (In thousands, except per share data) *See "Use of Non-GAAP Financial Measures" and reconciliation table below. Business Update and Liquidity The Company’s operational focus remains on the build-out of its validation vehicle assembly line and the assembly of its validation fleet using production-intent parts. As of September 30, 2025, the Company had $12.0 million in cash and cash equivalents. The Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2025, provides a detailed update on its liquidity and capital resources, noting that its cash position as of that date raises substantial doubt about the Company's ability to continue as a going concern. Subsequent to the quarter-end, on October 16, 2025, the Company’s Class B Common Stock commenced trading on the Nasdaq Capital Market. The Company also secured an equity line of credit for up to $75 million (ELOC), providing a mechanism to access capital incrementally. On November 11, 2025, the registration statement (Form S-1) for this facility became effective, making the facility available to the Company, subject to certain market-based conditions. Th...