LONDON, May 15, 2025 (GLOBE NEWSWIRE) -- Zapp Electric Vehicles Group Limited (Nasdaq: ZAPP) ("Zapp EV" or the "Company"), owner of "Zapp", the British electric vehicle brand on a mission to revolutionise personal urban mobility, today announced that it has cancelled its annual general meeting of shareholders (the "Annual Meeting") scheduled to be held on May 15, 2025 at 2 p.m. Greenwich Mean Time (10 a.m. Eastern Daylight Time). The Company has not received proxies that would constitute a quorum and has de ...

Xos (XOS) Q1 2025 Earnings Call May 14, 2025 04:30 PM ET Company Participants David Zlotchew - General CounselDakota Semler - CEO & ChairmanGiordano Sordoni - Co-Founder, COO & DirectorLiana Pogosyan - Acting CFO & VP of Finance Conference Call Participants Craig Irwin - Managing Director, Senior Research Analyst Operator Good day and welcome to the Exos Inc. First Quarter of twenty twenty five Earnings Call. All participants will be in a listen only mode for the duration of the call. And should you need an ...

Financial Data and Key Metrics Changes - For Q1 2025, revenue was $5.9 million, down from $11.5 million in Q4 2024 and $13.2 million in Q1 2024, with 29 units recognized compared to 51 units and 62 units in the previous quarters [24][25] - Cost of goods sold decreased to $4.7 million from $15.2 million in Q4 2024 and $10.4 million in Q1 2024 [24] - GAAP gross margin was a profit of $1.2 million or 20.6%, compared to a loss of $3.7 million in Q4 2024 and a profit of $2.8 million in Q1 2024 [25] - Non-GAAP gross margin was approximately $900,000 or 15%, down from $2.7 million in Q4 2024 but up from $1.7 million in Q1 2024 [25][26] - Operating expenses were $10.5 million, down from $10.9 million in Q4 2024 and $13 million in Q1 2024 [26] - Operating loss for Q1 2025 was $9.3 million, improved from a loss of $14.6 million in Q4 2024 and $10.2 million in Q1 2024 [27] - Cash and cash equivalents totaled $4.8 million, with free cash flow negative at $4.8 million [28][29] Business Line Data and Key Metrics Changes - The company shipped a total of 60 units in Q1 2025, including 31 additional strip chassis for UPS, but only recognized revenue for 29 units due to GAAP standards [24][7] - The MD XT, a new medium-duty chassis cab, was launched, targeting a total addressable market of up to 100,000 units per year in the U.S. [12][15] Market Data and Key Metrics Changes - Customer demand remains consistent, with growing interest from national fleets, while smaller regional operators are leveraging state incentive programs [8] - The market for conventional chassis cab products like the MD XT can sell up to 100,000 units per year, significantly larger than the strip chassis market [39] Company Strategy and Development Direction - The company aims to focus on growth, protecting margins, and managing liquidity with discipline [6][18] - Plans to reduce exposure to tariffs through reshoring and resourcing strategies [10] - The MD XT is positioned as a more affordable and reliable option compared to legacy players, which are pricing their electric chassis cabs over $300,000 [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating challenges such as new emissions rules, tariffs, and interest rates, emphasizing customer trust and reliable truck performance [7] - The company reaffirmed its full-year 2025 guidance for revenue between $50.2 million and $65.8 million, with unit deliveries between 320 and 420 units [29] Other Important Information - The company has made significant progress in collecting receivables, totaling $10.2 million in Q1 2025 [29] - The MD XT is still undergoing safety certifications and is targeted for production ramp-up by Q3 2026 [17] Q&A Session Summary Question: Can you speak about the parts commonality between your step vans and the MD XT? - The MD XT shares over 90% of the same commodity components with the step van, reducing costs and training requirements [35][36] Question: What are potential customers saying about the MD XT? - The market for the MD XT is larger, with several sizable fleets already interested, and it is expected to take time to ramp up orders [40] Question: How should we think about revenue recognition for the UPS units? - The margin profile for large national customers is lower, but this will be offset by other products in the portfolio, with a concentration of deliveries expected in Q2 and Q3 [42][43] Question: Can you provide an update on the ChargeHub? - There is significant interest in the ChargeHub, with orders coming from outside the truck customer base, and the company is exploring additional features for future versions [46][47]

1Q25 wrap-up CITI'S TAKE 08 May 2025 21:33:19 ET │ 13 pages Flash | Monthly battery installation data pack from Real Lithium suggests that March 2025 China EV battery installation totaled 61.4GWh, +54% MoM / +56% YoY, bringing 1Q25 EV battery installation to 148.9Wh (+54% YoY). We notice (1) CATL is inevitably shifting to the low-end market YTD, and (2) Xiaomi extends the robust momentum into 2025 with a new model SU7 Ultra gaining the market share whilst Huawei trended weaker. We are relatively cautious on ...

Financial Data and Key Metrics Changes - In Q1 2025, the company achieved a non-IFRS gross margin of 18.2%, an increase from 15.1% in the same quarter last year [20] - Operating expenses were reduced by $9,600,000, a decrease of 32.1% compared to Q1 2024 [7][20] - Adjusted net loss decreased by 36.5% to $10,900,000 from $17,200,000 in Q1 2024 [7] - Adjusted EBITDA increased to $14,300,000 in Q1 2025, up from $10,200,000 in Q1 2024, representing a 40% increase [17][20] - Total revenue dropped by 4.5% year-over-year on a constant currency basis [17] Business Line Data and Key Metrics Changes - The energy business recorded revenue of $34,500,000, reflecting a 6.2% growth year-over-year [8] - Hardware sales revenue was $29,100,000, down 21.8% year-over-year, attributed to a decrease in vehicle sales volume [19] - The total subscriber base reached 644,000, an 8% increase from 595,000 subscribers at the end of Q1 2024 [18] Market Data and Key Metrics Changes - The company anticipates that approximately 95% of its full-year revenue for 2025 will be generated from the Taiwan market [22] - The Taiwan two-wheeler market in 2025 is expected to remain at approximately 2024 levels [22] Company Strategy and Development Direction - The company aims to achieve breakeven in the energy business by 2026 and in the vehicle business by 2028 [6][22] - A focus on operational efficiency and cost optimization is expected to create approximately $25,000,000 in savings in 2025 compared to 2024 [21] - The company is exploring international expansion through partnerships, including a joint venture with Castro [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges in the global macro environment, including market volatility and tariff issues [15] - The company remains focused on delivering predictable financial results and a clear vision for the future [5] - Management believes that advancements in charging technology are part of the broader ecosystem evolution and do not pose a direct threat to the battery swapping model [25][28] Other Important Information - The company transferred its listing from the NASDAQ Global Select Market to the NASDAQ Capital Market, gaining an additional 180-day grace period to regain compliance with NASDAQ requirements [31] - The company has received a new credit facility of approximately $61,500,000, indicating market confidence in its future plans [7] Q&A Session Summary Question: How does the company view advancements in fast charging technology? - Management recognizes rapid advancements in fast charging as beneficial for overall EV adoption but does not see them as a direct threat to the battery swapping model [25][28] Question: What are the plans regarding the transfer to the NASDAQ Capital Market? - The company gained a 180-day grace period to regain compliance with NASDAQ requirements and is focused on long-term stock performance rather than short-term gains [31][32] Question: What are the long-term growth plans for top and bottom lines? - The company anticipates breakeven in the network business by 2026 and expects significant operational leverage and profitability improvements thereafter [34][35] Question: Is the current operating efficiency model sustainable and scalable? - Management believes the current operating efficiency model is sustainable and scalable, with a strong foundation for growth beyond breakeven [39][40]

Core Insights - Gogoro Inc. reported its financial results for Q1 2025, highlighting a focus on operational efficiency and a commitment to profitability milestones [3][4][14] Financial Performance - Total revenue for Q1 2025 was $63.6 million, a decrease of 8.7% year-over-year, and down 4.5% on a constant currency basis [4][7] - Battery swapping service revenue was $34.5 million, an increase of 6.2% year-over-year, while hardware and other sales revenue was $29.1 million, down 21.8% year-over-year [7][8] - Gross margin was 4.9%, down from 6.4% in the same quarter last year, while non-IFRS gross margin improved to 18.2% from 15.1% [5][7] - The net loss for Q1 2025 was $18.6 million, compared to a net loss of $13.1 million in the same quarter last year [10][11] Operational Efficiency - The company has implemented cost optimization initiatives, resulting in a projected savings of approximately $25 million in 2025 compared to 2024 [13] - Operating expenses decreased significantly, contributing to an adjusted EBITDA of $14.3 million, up from $10.2 million in the same quarter last year [11][12] Subscriber Growth - Total subscribers for the battery swapping service reached 644,000, an increase of 8% from 595,000 subscribers year-over-year [8] Future Outlook - Gogoro maintains a revenue forecast for 2025 between $295 million to $315 million, with expectations for profitability in its battery swapping business by 2026 and hardware sales by 2028 [14][13]

Core Viewpoint - The launch of 30 strategic pilot projects by China's National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) marks a significant shift in energy strategy, integrating electric vehicles (EVs) into the national grid through Vehicle-to-Grid (V2G) technology, transforming EVs into decentralized energy assets [1][2]. Group 1 - The V2G technology will enable a two-way power flow between electric vehicles and the national grid, enhancing the resilience of the energy system [2]. - By 2030, the total energy capacity empowered by V2G technology in China is expected to reach 26.5 times the level of 2025, positioning the national EV fleet as a key distributed energy resource [1][2]. - This capacity will significantly improve grid stability and accelerate the integration of renewable energy sources [1][2]. Group 2 - The strategic integration of electric vehicles with the grid represents a decisive step towards a sustainable, digital-enabled, and renewable energy-supported future in China [2]. - Automotive industry participants must proactively position themselves within this new ecosystem, where electric vehicles are critical assets for grid stability and renewable energy integration [2].

If you'd like to learn more about how to best position yourself in under valued stocks mispriced by the market to start May, consider joining Out Fox The Street .Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationshi ...

Market Performance - Market indexes experienced a decline, with the Dow dropping 389 points (-0.95%), S&P 500 down 43 points (-0.77%), Nasdaq falling 154 points (-0.87%), and Russell 2000 losing 21 points (-1.05%) [1] Company Earnings Reports - Advanced Micro Devices (AMD) reported earnings of 96 cents per share, beating estimates by 3 cents, with revenues of $7.44 billion surpassing the projected $7.12 billion. Forward revenue guidance was raised to $7.4 billion [3] - Wynn Resorts (WYNN) reported earnings of $1.07 per share, missing the estimate of $1.22, and revenues of $1.7 billion, slightly below the $1.73 billion estimate. The company announced a share buyback program, but faces challenges due to tariff concerns affecting its domestic locations [4] - Rivian Automotive (RIVN) posted a narrower loss of 41 cents per share compared to the expected 80 cents, with revenues of $1.24 billion exceeding the $1.02 billion estimate. The gross profit of $206 million positions the company favorably with Volkswagen, which has invested in Rivian [5] Upcoming Earnings Expectations - The Walt Disney Co. (DIS) is expected to report fiscal Q2 earnings with a projected decline of 2.48% in earnings growth, while top-line growth is anticipated at 4.77%. The Parks division and the film "Thunderbolts" are expected to attract significant interest [6] Federal Reserve Meeting - The Federal Open Market Committee (FOMC) meeting is concluding, with no expected change in interest rates. Fed Chair Jerome Powell will address questions regarding the timeline for potential rate reductions and his position before the end of his term in 2026 [7]

Lucid Group (LCID) Q1 2025 Earnings Call May 06, 2025 05:30 PM ET Company Participants Maynard Um - Head - IRMarc Winterhoff - Interim CEOTaoufiq Boussaid - CFOStephen Gengaro - Managing Director Conference Call Participants Andres Sheppard - AnalystDavis Sunderland - Equity Research AnalystTobias Beith - Research Analyst Operator Hello, and welcome to Lucid's First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation ...