Pod Point Group Holdings PLC ( (GB:PODP) ) just unveiled an announcement.
Pod Point Group Holdings PLC has announced an expected adverse impact on its FY2024 adjusted EBITDA due to uncollectible debtor balances and additional non-cash items identified during the audit process. The adjusted EBITDA loss is anticipated to be £8 million below market guidance, primarily due to a bad debt provision. Despite these challenges, the company has made progress in debtor collections with enhanced credit collection efforts, and there is no impact on its previously reported net cash position.
More about Pod Point Group Holdings PLC
Pod Point Group Holdings PLC, founded in 2009, is a leading provider of electric vehicle (EV) charging solutions in the UK. The company is focused on building infrastructure to support the mass adoption of electric vehicles, offering home and commercial charging solutions, and is an official charge point supplier for major car brands. Pod Point is listed on the London Stock Exchange under the ticker symbol ‘PODP’ and has an installed base of over 250,000 charge points as of November 2024.
YTD Price Performance: -52.14%
Average Trading Volume: 455,698
Technical Sentiment Signal: Buy
Current Market Cap: £9.65M
For detailed information about PODP stock, go to TipRanks’ Stock Analysis page.