Pod Point Group Holdings PLC (GB:PODP) has released an update.
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Pod Point Group Holdings PLC, a UK leader in Electric Vehicle (EV) charging solutions, reports audited full year results for 2023 that exceed guidance for revenue and adjusted EBITDA. The company maintained its 2024 guidance while upgrading its Energy Flex revenue target due to strong performance. Despite a revenue dip of 11% from 2022 and a net loss, Pod Point’s strategic initiatives, such as cost restructuring and European expansion, are on track, with a robust closing cash position of £48.7m and a fully undrawn £30m credit facility.
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