Zaptec ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 15, 2023 at 05:30 am EST
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Zaptec ASA reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was NOK 421.15 million compared to NOK 226.13 million a year ago. Revenue was NOK 421.15 million compared to NOK 226.13 million a year ago. Net income was NOK 26.08 million compared to NOK 3.5 million a year ago. Basic earnings per share from continuing operations was NOK 0.298 compared to NOK 0.053 a year ago. Diluted earnings per share from continuing operations was NOK 0.295 compared to NOK 0.053 a year ago.
For the nine months, sales was NOK 1,047.44 million compared to NOK 509.86 million a year ago. Revenue was NOK 1,047.44 million compared to NOK 509.86 million a year ago. Net income was NOK 40.72 million compared to net loss of NOK 2.57 million a year ago. Basic earnings per share from continuing operations was NOK 0.478 compared to basic loss per share from continuing operations of NOK 0.03 a year ago. Diluted earnings per share from continuing operations was NOK 0.473 compared to diluted loss per share from continuing operations of NOK 0.03 a year ago.
Zaptec ASA is a Norway-based technology company. The Company offers intuitive and efficient Electric Vehicle (EV) chargers that ensure easier access to personal electric transport by combining the newest technology with a user-oriented design. Zaptecâs charging stations include Zaptec Go and Zaptec Pro. Zaptec Go makes charging 10 times faster than using a socket, it fits well with all types of electric cars and homes and is one of the smallest smart chargers on the market, while Zaptec Pro is suitable for larger parking spaces in housing cooperatives and co-ownership properties, companies and newbuilds. The Company also offers Zaptec Sense, that automatically adjusts the charging speed in order to avoid overloading and power outages. Zaptec AS has several subsidiaries, including Zaptec Deutschland GmBH, Zaptec Sverige AB and Zaptec Danmark ApS.