Satsuma Technology (LON:SATS) Posts Earnings Results

Satsuma Technology (LON:SATSGet Free Report) announced its quarterly earnings data on Thursday. The company reported GBX (2.95) earnings per share for the quarter, Digital Look Earnings reports.

Satsuma Technology Stock Performance

Shares of Satsuma Technology stock opened at GBX 0.21 on Friday. Satsuma Technology has a 1 year low of GBX 0.18 and a 1 year high of GBX 13.90. The firm has a market capitalization of £23.42 million and a PE ratio of -0.04. The firm’s 50 day moving average is GBX 0.21 and its 200 day moving average is GBX 0.22.

Satsuma Technology Company Profile

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Satsuma Technology plc is a London‐listed provider of electric vehicle (EV) battery management and swapping solutions. The company designs, engineers and supplies modular battery swapping stations, robotics for automated battery exchange and a cloud‐based software platform to manage battery inventory, charging schedules and payment processing. By offering battery‐as‐a‐service, Satsuma Technology helps fleet operators and vehicle manufacturers reduce the upfront cost and logistical complexity of EV deployment.

The company focuses primarily on two‐ and three‐wheeler fleets used in last‐mile delivery, ride‐hailing and light commercial transport.

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