Pod Point Share Discussion Threads

[elrico] 17/2/2023 13:09

https://knowledge.sharescope.co.uk/2023/02/17/powertrain-transition-are-we-deluded/

[kalai1] 17/2/2023 13:08

Pod Point Group Plc posted Prelims for the year ended 31st December 2022 this morning. Group revenue was up 16% to £71.4m, revenues were higher across all segments. Gross margin dipped a little due to supply chain costs, the Group reported an adjusted EBITDA loss of £7.0m as expected. The balance sheet is strong with net cash of £74.1m, FY23 guidance was maintained, an acceleration of the business is targeted by management. The business is not yet profitable and investors will not see any profit in FY23 either, but obviously the sector and business have massive growth potential. Valuation looks reasonable with PS ratio at 1.23x. However, share price lacks momentum and has corrected lower over 70% since listing in November 2021. PODP is certainly an interesting company in a massive growth sector worth monitoring for the time being, but there is no rush to buy...

...from WealthOracle

[the chairman elect] 17/2/2023 07:46

Pod Point Group Holdings PLC (Symbol: PODP)

Preliminary unaudited results for the year ended 31 December 2022

"Steady growth and delivery, through significant volatility"

Pod Point Group Holdings plc (the "Company") and its subsidiaries (the "Group"), one of the UK's market leading providers of Electric Vehicle ("EV") charging solutions is pleased to announce its preliminary unaudited results for the year ended 31 December 2022

Group Highlights

· Continued revenue growth to £71.4m, up by 16% on 2021, ahead of Q4 guidance.

· By segment: Home revenue up 3%, Commercial revenue up 31%, Owned Asset revenue up 108% and Recurring revenue up 107%.

· Overall Gross Margin down from 27% to 23%, predominantly due to supply chain costs.

· Home Gross Margin 20%, Commercial Gross Margin 22%, Owned Asset Gross Margin 53%, Recurring Gross Margin 58%.

· Growth of communicating units to over 195k, up by 42% across all customers , strengthening the foundations of future recurring revenue.

· Adjusted EBITDA Loss £ 7.0m as anticipated, with continued investment in growth.

· Strong balance sheet with £74.1m cash, ahead of Q4 guidance, after planned investments in technology.

· Growth prospects for 2023 remain strong, with guidance for 2023 maintained.

Strategic and Operational Summary

· Significant growth in network usage, with electricity transferred across our network up 113% at 367 GWh, helping to avoid 278k tonnes of CO2e[1], up 118% on 2021.

· Key new customers won or renewed including BMW, Mini, JCB, Zenith, B&Q, and DHL.

· Excellent levels of customer service maintained with a 4.3 out of 5 rating on Trustpilot and a 4.7 out of 5 rating on reviews.io with a 91% recommendation rate .

· Home charge Average Basket Spend increased by 5% to £767 .

· Headline Home Market Penetration (2) down by 3% to 15%, with the conclusion of OZEV grant causing customers to pull forward home charge purchases resulting in an overweight 2021 penetration, increased consumer cost of home charge and vehicle delivery delays all contributing.

· Full year headline Home Market Penetration % expected to be modestly lower than 2022, with an improving trajectory as we move through the year.

· Added a dedicated sales team focused on the housebuilding sector to address expected growth opportunity.

· Owned asset sites increased to 564 with 1,254 charging points including 118 DC rapid units.

· Supply chain assurance delivered with the successful transition of our high volume products to Celestica with initial cost savings, as well as product supply maintained throughout 2022.

· Increase in Technology headcount from 65 to 134 to deliver product and platform innovation.

Erik Fairbairn, Chief Executive Officer of Pod Point, said:

This was an exciting year for Pod Point, as we completed our first full year as a listed company. We made excellent progress towards our goal of travel that doesn't damage the earth and continued to invest in scaling the business in preparation for the UK ban of internal combustion engines in 2030.'

Like many others, we were negatively impacted by a number of well-documented macro-economic and geopolitical events; however, I am extremely proud of the team's performance. We achieved a 16% growth in revenue, with the 31% growth in our commercial segment being the highlight. We shipped and installed 68,693 charge points, and ended the year with over 195,096 connected units on our network. We transferred 367 GWh of electricity across our network and as a result helped our customers avoid circa 278k tonnes of CO2e. I am very much looking forward to accelerating the business further as we head into 2023.

[rudda92] 13/2/2023 20:50

They should be capitalising on the long wait times for electric vehicles. Getting their infrastructure in place for when these cars are delivered would be the best course of action

[bookbroker] 13/2/2023 20:30

Do not see much change, reading the reports on EV’s still long wait times both for new cars, queue’s to charge and lack of charging points.

[rudda92] 13/2/2023 19:58

Trading update Friday for podpoint. Fingers crossed for some positive news

[soho2] 03/2/2023 13:23

It basically says that in Ruislip, 1 out of 72 POD POINT unit is working, the others are allegedly out of service... if true, this is NOT GOOD!

[bookbroker] 03/2/2023 13:04

Enlighten us, cannot see the link.

[elrico] 03/2/2023 11:56

Sorry, peeps. This situation is unacceptable for either EV drivers or shareholders. https://twitter.com/lemminginvestor/status/1621477146785980417?s=46&t=ZcYyMMVNB7PRLmvEqfyF-w

[teaboy100] 28/1/2023 17:51

That userid doesn't appear to exist anymore. The other thread has also gone. Curious

[bookbroker] 27/1/2023 15:45

He’s run out of things to say, and lift this, and likely counting his losses. Having said that, he will probably state that he has made a killing on this stock, another one who never loses!

[1knocker] 27/1/2023 14:55

Where is Bap? Probably out on a long celebratory binge rejoicing that he does not hold shares in Mode, I suppose.

[bookbroker] 21/1/2023 09:44

Investment in the network, supply and the high prices of both new electric cars, and to an extent the cost of charging.

[starpukka] 20/1/2023 15:31

Why is this still so low if production of petrol cars is still ending in 2030 and car manufacturers will have spent millions already changing their infrastructures to accommodate this ?