Polestar Expects Revenue In 2024 To Be Similar To 2023 And To Achieve Positive Gross Profit Margin In Q4
Portfolio Pulse from Benzinga Newsdesk
Polestar anticipates its 2024 revenue to be similar to 2023 and aims for a positive gross profit margin in Q4. The company reaffirms its goal of reaching cash flow break-even by the end of 2025, albeit at a lower volume than previously targeted.
October 11, 2024 | 11:36 am
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Polestar expects 2024 revenue to match 2023 levels and aims for a positive gross profit margin in Q4. The company targets cash flow break-even by the end of 2025, but at a lower volume than previously anticipated.
The news indicates stability in Polestar's revenue for 2024 and a positive gross profit margin in Q4, which is a positive sign. However, the adjustment to a lower volume for cash flow break-even by 2025 may offset some optimism, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100