Business Overview - The global powered two-wheeler (P2W) market is expected to reach $200 billion by 2032[17] - Electric vehicles (EVs) are projected to achieve a 53% market penetration by 2032, a significant increase from 8% in 2023[17] - Zapp's micro-factory design can produce up to 21,500 units per year from 12,000 sq ft of floor space[19] Financial Performance & Outlook - Estimated 1,500 unit sales are expected in fiscal year 2025[24] - The company projects over 25,000 unit sales in fiscal year 2026, equating to over $200 million in revenue and positive free cash flow[24] - The net loss for the year 2024 was $(9) million, compared to $(2221) million in 2023[26] - Cash used in operating activities was $488 million in 2024, compared to $651 million in 2023[39] Product and Manufacturing - Zapp's new micro-factory design reduces manufacturing and procurement complexity with less than 150 components and optimizes the manufacturing process to only 105 steps[19] - Zapp i300 won the iF Design Award in 2024[17] Sales and Distribution - Approximately 200 reseller applications have been received worldwide[22]
Zapp(ZAPP) - 2024 Q4 - Earnings Call Presentation