Ensurge Micropower ASA Financial Update and Developments

Ensurge Micropower ASA, a company listed on the Oslo Bors ASA and operating within the Information Technology sector, has recently disclosed its financial results for the first quarter of 2025. The company, known for its advancements in technology hardware, storage, and peripherals, reported a loss per share of 0.03 NOK for the quarter ending March 31, 2025. This represents an improvement from the previous year’s loss of 0.390 NOK per share for the same period. The company’s performance in U.S. dollars also showed a positive trend, with a reported loss of 0.01 USD per share, compared to a loss of 0.150 USD per share in the prior year.

In addition to financial disclosures, Ensurge Micropower ASA held its Annual General Meeting on May 15, 2025, which was conducted electronically. The meeting saw significant changes to the agenda following an alternative proposal by certain shareholders. This proposal led to the removal of several items (6.2, 7, 8, 9, 10, and 11) from the voting agenda. Morten Opstad was elected as the chair of the meeting, and a new nomination committee was appointed, led by Thomas Ramm.

Operationally, Ensurge Micropower ASA has made notable strides in the first quarter of 2025. The company successfully demonstrated and shipped its 11L/10 µm batteries, which have met performance expectations at customer sites, particularly in fast charging and pulse discharging capabilities. These achievements are part of the company’s broader efforts to advance its battery technology, which has been highlighted in its May 2025 presentation as driving commercial momentum.

Further progress has been made in negotiations with a Fortune 500 partner regarding a Joint Development Agreement (JDA) for next-generation batteries. The company has finalized all critical technology issues and achieved a 90% assembly yield, while also filing critical intellectual property related to technical fixes and manufacturing processes.

As of May 14, 2025, Ensurge Micropower ASA’s close price was 1.23 NOK, with a 52-week high of 1.7 NOK and a low of 0.77 NOK. The company’s market capitalization stands at 1,057,633,739 NOK. These developments reflect Ensurge Micropower ASA’s ongoing efforts to innovate and expand its technological offerings in the competitive landscape of information technology hardware and peripherals.