Stark Future Achieves Record Profitability for All-Electric Motorcycle Manufacturer
BARCELONA, Spain, May 14, 2025 /PRNewswire/ -- Stark Future, the global leader in high-performance electric motorcycles, has achieved a historic milestone by recording its highest-ever monthly revenue of €18.3 million while delivering a positive EBITDA of €2.8 million. This noteworthy result from Stark Future, the fastest-growing company in Spain, signifies an even greater moment for the viability and sustainability of the EV market.
"This achievement comes barely two years after Stark Future's first commercial sales, remarkably faster than incumbent EV leaders, and more resembling the growth rates of some of the world's most successful technology firms in history," said Anton Wass, CEO of Stark Future. "We have been steadily approaching this profitability event, driven by the popularity of the off-road VARG MX, but the phenomenal reception of the newly available Stark VARG EX, the company's groundbreaking street-legal Enduro model, has brought this landmark occasion."
In a period where the broader EV industry is facing headwinds, Stark Future's accomplishment represents positive news to markets and consumers alike. Comparatively, Tesla needed nearly 17 years to achieve sustained profitability, all while earning billions of dollars annually selling regulatory credits to other automakers. By contrast, Stark Future's operations are funded through motorcycle sales alone. Chinese manufacturer NIO has a similar product-driven revenue to Stark Future, yet it only reached positive EBITDA after eight years.
"Through deep technical vertical integration and focus on sourcing, we managed to develop game-changing technology at competitive costs, all while still manufacturing in Europe," Wass continued. "This result validates our disciplined approach and marks an important step toward consistent profitability."
Stark Future's primary ambition is to design, develop, and manufacture cutting-edge electric motorcycles to push boundaries of performance and set new standards for sustainability in the industry. This focus on sustainability, in both operational efficiency and materials, is widely credited for the firm's success. Looking to the future, Stark Future is focused on repeating the success it has found in the motocross and enduro segments, in much larger motorcycle categories.
"We will continue to innovate at the component level and in the greater model range so electric motorcycles in all categories can outperform traditional machines in every way," added Paul Soucy, Stark Future CTO.
Stark Future is well-positioned to continue scaling its impact and redefining the future of motorcycling. With a burgeoning global network of dealers at over 400 retail locations, expansions into over 50 countries, and recent developments for security and military applications, Stark Future's precipitous growth will continue to climb even higher.
About Stark Future:
Stark Future is on a mission to revolutionize the motorcycle industry by leading the shift toward sustainability and drastically reducing CO₂ and plastic pollution. Through cutting-edge design and unmatched performance, the brand aims to deliver timeless, beautiful electric motorcycles that surpass traditional technology in terms of performance and experience. Guided by a philosophy of innovation, quality, and user-focused simplicity, Stark Future combines bold ambition with a relentless pursuit of excellence. The brand's iconic gold logo symbolizes its full-circle approach to sustainability and its uncompromising drive to be number one.
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For more information visit Safe Harbor Statement Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent our estimates and assumptions as of the date of this report. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. Forward-looking statements include statements regarding the Company's full-year earnings guidance (including assumptions and expectations regarding annual retail deliveries, average hydro conditions, wind generation, normal thermal plant operations, operating and maintenance expense and depreciation and amortization expense) as well as other statements containing words such as "anticipates," "assumptions," "based on," "believes," "conditioned upon," "considers," "could," "estimates," "expects," "expected," "forecast," "goals," "intends," "needs," "plans," "predicts," "projects," "promises," "seeks," "should," "subject to," "targets," "will continue," "will likely result," or similar expressions. 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reputational damage from negative publicity, protests, fines, penalties and other negative consequences resulting in regulatory and/or legal actions; employee workforce factors, including potential strikes, work stoppages, transitions in senior management, and the ability to recruit and retain key employees and other talent and turnover due to macroeconomic trends physical attacks upon company employees; widespread health emergencies or outbreaks of infectious diseases, which may affect our financial position, results of operations and cash flows; failure to achieve the Company's greenhouse gas emission goals or being perceived to have either failed to act responsibly with respect to the environment or effectively responded to legislative requirements concerning greenhouse gas emission reductions; social attitudes regarding the electric utility and power industries; political and economic conditions; acts of war, terrorism or civil disruption; changes in financial or regulatory accounting principles or policies imposed by governing bodies; new federal, state, and local laws that could have adverse effects on operating results; risks and uncertainties related to generation and transmission projects, including, but not limited to, regulatory processes, transmission capabilities, system interconnections, permitting and construction delays, legislative uncertainty, inflationary impacts, supply costs and supply chain constraints; and trade tariffs and related market volatility and supply chain disruptions that could increase PGE's operating costs, impair PGE's ability to complete capital projects, and impede access to capital markets. As a result, actual results may differ materially from those projected in the forward-looking statements. Risks and uncertainties to which the Company are subject are further discussed in the reports that the Company has filed with the United States Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, and on the Company's website, Investors should not rely unduly on any forward-looking statements. Media Contact: Investor Contact: Drew Hanson Nick White Corporate Communications Investor Relations Phone: 503-464-2067 Phone: 503-464-8073 PORSource: Portland General Company PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Dollars in millions, except per share amounts) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025202420252024 Revenues:Revenues, net $ 798$ 761$ 1,730$ 1,701 Alternative revenue programs, net of amortization 9(3)5(14) Total revenues 8077581,7351,687 Operating expenses:Purchased power and fuel 294275662680 Generation, transmission and distribution 114107224206 Administrative and other 9697192192 Depreciation and amortization 139122279243 Taxes other than income taxes 46419288 Total operating expenses 6896421,4491,409 Income from operations 118116286278 Interest expense, net 5752113103 Other income:Allowance for equity funds used during construction 661111 Miscellaneous income, net 791215 Other income, net 13152326 Income before income tax expense 7479196201 Income tax expense 1273420 Net income 6272162181 Other comprehensive income ———1 Net income and Comprehensive income $ 62$ 72$ 162$ 182 Weighted-average common shares outstanding (in thousands):Basic 109,522103,034109,473102,167 Diluted 109,765103,232109,725102,338 Earnings per share: Basic $ 0.56$ 0.69$ 1.48$ 1.77 Diluted $ 0.56$ 0.69$ 1.47$ 1.77 PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in millions) (Unaudited) June 30, 2025December 31, 2024 ASSETSCurrent assets:Cash and cash equivalents $ 56$ 12 Accounts receivable, net 397456 Inventories 123114 Regulatory assets—current 188205 Other current assets 126238 Total current assets 8901,025 Electric utility plant, net 10,64510,345 Regulatory assets—noncurrent 581632 Nuclear decommissioning trust 4230 Non-qualified benefit plan trust 3534 Other noncurrent assets 488478 Total assets $ 12,681$ 12,544 PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS, continued (Dollars in millions) (Unaudited) June 30, 2025December 31, 2024 LIABILITIES AND SHAREHOLDERS' EQUITYCurrent liabilities:Accounts payable $ 267$ 365 Liabilities from price risk management activities—current 112147 Current portion of long-term debt 68170 Current portion of finance lease obligation 2727 Accrued expenses and other current liabilities 439410 Total current liabilities 9131,119 Long-term debt, net of current portion 4,6634,354 Regulatory liabilities—noncurrent 1,4201,440 Deferred income taxes 606564 Deferred investment tax credits 6561 Unfunded status of pension and postretirement plans 133140 Liabilities from price risk management activities—noncurrent 4372 Asset retirement obligations 293292 Non-qualified benefit plan liabilities 7174 Finance lease obligations, net of current portion 270276 Other noncurrent liabilities 352358 Total liabilities 8,8298,750 Commitments and contingenciesShareholders' Equity:Preferred stock, no par value, 30,000,000 shares authorized; 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New York Times
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Few noticed when President Trump postponed the deadline to enforce a statutory ban on TikTok, the Chinese-owned video-sharing app used by almost half of all Americans, for the third time. Even allowing for the torrent of other news, it's astonishing how so little attention is being paid to what just months ago was deemed so serious a national security risk that both Democrats and Republicans demanded immediate and unprecedented action by adopting the ban. Even more bizarrely, the risk — even if overhyped — hasn't diminished. It has only grown as our relations with the People's Republic of China become even more adversarial. The TikTok saga is in many ways a microcosm of our erratic and unprincipled approach to the varied challenges presented by Chinese technology. We awaken to risks of a particular technology only after it has been widely adopted. The few laws we have to address Chinese threats target only specific apps or equipment, depend on discretionary action by the executive branch or are so broad that they have limited effect. On top of all of that, they are often thwarted or delayed by judicial challenges anyway. Politicians eschew even partial solutions for fear that any compromise might look weak to voters. It seems that as our exposure to invasive and risky Chinese technology expands, our paralysis to do anything about it deepens. Launched in 2016, TikTok became the web's fastest-growing app ever, with an astonishingly effective algorithm that showed users precisely the videos that they wanted (or perhaps didn't realize they wanted). Almost two billion people use it around the world (though it's banned in China itself), 170 million of them in the United States. That includes almost 65 percent of American teenagers. Like most social media platforms, it collects vast amounts of data about its users. Mr. Trump tried to ban TikTok during his first term, fearing that it could be used to spread Chinese disinformation and that its owner, the Chinese company ByteDance, might be required to turn over details about American users to its government. After courts blocked his attempt, the Biden administration sought a compromise in which an American board would oversee TikTok's operations in the United States and user data would be kept in Oracle's U.S.-based computers. Although the entire arrangement was to be subject to extensive audit and government oversight, the Biden administration — worried that China might still evade the restrictions and fearful that Republicans would accuse it of accommodating China — abandoned the proposal. In the charged atmosphere of the presidential campaign, no party wanted to look weak on China, so both Republicans and Democrats rushed to enact a ban without seriously investigating whether a better solution existed. Want all of The Times? Subscribe.
