Financial ChallengesAs of March 31, 2024, Zapp had $0.5M in cash and $5.2M in debt, indicating financial challenges despite plans for a $50M equity purchase agreement.
Sales ForecastAnalyst reduces forecasts for initial sales and sales growth in Thailand, indicating potential challenges in market expansion.
Sales UncertaintyZAPP did not reiterate guidance for expected unit sales, suggesting uncertainty in meeting previous targets.