Pod Point’s FY24 trading update showed a disappointing end to the financial year, with revenue and net cash both missing expectations. This has stemmed from weak private demand for electric vehicles (EVs) impacting the Home charger segment and worse-than-expected cash collection. We substantially lower forecasts for FY25 and FY26 and assume that most of the November 2023 Capital Markets Day financial targets are missed. The level of cash burn in our updated estimates implies that the Group will ....
