Fox e-mobility AG releases its preliminary results for the 2022 financial year

Fox e-mobility AG, based in Düsseldorf, announced its preliminary results for the 2022 financial year on February 22, 2024. The company, still in its development phase, did not generate any revenue from vehicle sales during this period. However, thanks to various cost-cutting measures, the net loss for the year was limited to -2.3 million euros, compared to -3.8 million euros in 2021. As of December 31, 2022, the company's equity amounted to 67.8 million euros, with estimated liabilities of 6.3 million euros and provisions of 0.8 million euros. It should be noted that these figures are unaudited.