SEV - Sono Group is up more than 60% because it booked its first revenue

Sono Group N.V. (SEV +69.6%) skyrocketed after the company announced  financial results for the financial year 2021. CEO Laurin Hahn highlighted that SEV achieved major milestones on its growth path and is scaling up the Sono Solar business. Of note, deliveries to B2B customers in the last months have helped the company generate its first revenue. The solar electric vehicle upstart also said it collected over 16,700 direct consumer reservations by year-end 2021. As of March 31 of this year,  the Sion has over 17,000 reservations with an average down payment of €2,390 net and equivalent net sales volume of €368M, assuming that all reservations result in sales. Dig in further on the Sonos Group (NASDAQ:SEV) N.V. earnings report.

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Sono Group is up more than 60% because it booked its first revenue