Circus SE Releases Preliminary 2023 Results and 2024 Outlook

Circus SE disclosed its preliminary results for the 2023 financial year and offered an outlook for 2024. In 2023, the company continued its investment in technology development without generating significant revenue from commercial activities. The primary focus was on Circus Robotics development and enhancements to the Circus operating system (Circus OS). Revenue for 2023 reached EUR 1.1 million, derived mainly from in-house test kitchens used to validate technologies and processes. This led to a projected negative EBITDA of EUR 11 - 13 million.

Looking ahead, 2024 is expected to follow a similar trend with continued investment in technology and preparations for mass production. The company anticipates another year of negative EBITDA. However, significant negotiations are underway with potential clients interested in testing and possibly using Circus SE’s technology on a larger scale. Should these negotiations conclude successfully, the company expects to start earning revenues in 2025.