SSM Research | Milton Maxwell

SSM

Sono Group N.V.

6.25

-0.35-5.3%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

9.15M

P/E (TTM)

5.84

Basic EPS (TTM)

1.07

Dividend Yield

Recent Filings

10-Q

11/20/25Nov 20, 2025

8-K

CEO transition post-uplisting

9/9/25Sep 9, 2025

Sono Group N.V. announced CEO George O'Leary's voluntary resignation effective September 9, 2025, post-Nasdaq uplisting, with no disagreements on operations; he will aid transition through December 31, 2025. The Supervisory Board nominated Kevin McGurn, a media and tech veteran, to serve as interim CEO via a consulting agreement at $7,700 weekly, potentially converting to a $400,000 annual role with 25% bonus target if elected Managing Director. McGurn steps in. This shift aims to accelerate solar tech commercialization amid liquidity constraints.

8-K

Nasdaq uplisting and debt boost

9/5/25Sep 5, 2025

Sono Group N.V. amended its securities agreements with Yorkville on September 5, 2025, boosting the convertible debenture commitment to $7.2 million and issuing a $3.4 million secured note at 12% interest, maturing September 5, 2026, convertible into ordinary shares at a variable price down to a floor. This funds operations while committing to U.S. redomiciliation within six months. Shares began trading on Nasdaq under 'SSM' that day, lifting liquidity. Yet dilution looms from conversions.

8-K

Nasdaq uplisting approved

9/4/25Sep 4, 2025

Sono Group N.V. secured Nasdaq approval for uplisting its ordinary shares on September 4, 2025, with trading set to begin under ticker 'SSM' the next day. This move follows prior efforts to meet listing standards, potentially boosting visibility amid the company's pivot to solar tech retrofitting. Yet risks loom, including liquidity strains and funding needs to sustain operations. Forward-looking statements highlight uncertainties in meeting ongoing requirements.

8-K

Sono's recap for Nasdaq listing

9/3/25Sep 3, 2025

Sono Group N.V. submitted pro forma financials on September 3, 2025, reflecting a $5 million Yorkville financing commitment and conversion of €39.66 million in existing convertible debentures into 1,315 preferred shares, each convertible to 30,000 ordinary shares post-reverse split. This recapitalization boosts cash by €3.43 million and flips net equity positive to €4.115 million ($4.815 million), meeting Nasdaq Capital Market listing thresholds. Approval remains pending. Debt swap clears the books.

About

Sono Group N.V. provides solar-powered mobility solutions and solar integration products for the commercial vehicle and automotive industry. The company offers a range of solar integration solutions, including Solar Bus Kit and solar kits for trucks, vans, RVs, refrigeration trailers, and other applications. It also provides complete solar solutions comprising solar panels, telematics and dashboard services, and electrical interfaces and custom integration concepts; solar charge controller (MCU), such as high voltage system and low voltage system; solar modules; and data services and engineering services, such as data service and dashboard integration, electrical interface creation, testing and validation, and custom engineering services. Sono Group N.V. was founded in 2016 and is headquartered in Munich, Germany

CEO

Mr. Martin Scott Calhoun

IPO

11/17/2021

Website

https://sonomotors.com

Employees

Sector

Consumer Cyclical

Industry

Auto Manufacturers