Fox E-Mobility AG Unveils Preliminary 2023 Financial Year Figures

• fox e-mobility AG, a European electric vehicle company, released preliminary unaudited key financial figures for the 2023 financial year.
• The company has not yet generated any revenue from vehicle sales as it is still in the development phase.
• Due to cost-cutting measures and extraordinary income of EUR 1.8 million, the company reported a net profit of EUR 0.8 million in 2023, compared to a net loss of EUR -2.3 million in 2022.
• As of 31 December 2023, the company's equity amounted to EUR 68.6 million, offset by liabilities of € 5.4 million, none of which have a term of more than 5 years and are not liabilities to banks.
• Provisions amount to Euro 0.8 million.
• The complete and audited annual financial statements for the 2023 financial year are expected to be published by 31 May 2024.