Zapp EV 1H IFRS Net Loss $5M vs $8.6M YoY; Co. Sees First Customer Deliveries Of The i300 In Q4, Expects To Sell Over 5,000 Units In Fiscal Year Ended Sept. 30, 2025
Portfolio Pulse from Benzinga Newsdesk
Zapp EV reported a net loss of $5 million for the first half of the year, an improvement from the $8.6 million loss year-over-year. The company anticipates the first customer deliveries of its i300 model in Q4 and expects to sell over 5,000 units by the fiscal year ending September 30, 2025.
June 20, 2024 | 12:33 pm
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Zapp EV's net loss has decreased to $5 million from $8.6 million year-over-year. The company plans to start delivering its i300 model in Q4 and aims to sell over 5,000 units by the end of FY 2025.
The reduction in net loss and the upcoming deliveries of the i300 model are positive indicators for Zapp EV. The expectation to sell over 5,000 units by FY 2025 suggests strong future revenue potential.
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