Sono Group Q2 net loss widens to $3.78 million; continuing-ops loss turns to $2.33 million
SSM•Second-quarter results
- Sono Group posted a Q2 net loss of USD 3.78 million, widening from a USD 524,000 net loss a year earlier.
- Continuing-operations loss swung to USD 2.33 million from profit of USD 722,000, while general and administrative expense climbed to USD 1.4 million.
- Digital asset treasury loss totaled USD 578,000, reflecting unrealized Bitcoin fair-value losses partly offset by covered-call premium income.
Deconsolidation and liquidity
- Loss on deconsolidation of Sono Motors GmbH was USD 1.1 million, following the May 4 sale and exit from legacy solar operations.
- Cash stood at USD 166,000 at June 30; Bitcoin fair value was USD 4.12 million, while management flagged substantial doubt about going concern.
