Pod Point are well placed to take advantage of the increasing sales in electric cars. Or so they tell us. That is great, as their projections on Crowdcube stink.
The have used Crowdcube 3 times and Seedrs twice. Total raised to date via equity CF is ~£9m.
So why cant they get their projections in the right ballpark? Out of the 3 attempts on Crowdcube not one of them is in the same galaxy and the originals are in a different universe. It just makes a mockery of the whole system.
YE June18 shows revenues of £11m and GP of just £2.1m. It costs over £7m to achieve this. Deep pockets dont seem to be an issue so it is just a question of time and electric car demand. If for some reason that doesnt show the exponential numbers predicted - for example we find a better way - then that is that. Lots a power points with no users.
2019 will see more cash required at a substantial level if these numbers are anything to go on.
We look forward to the future.
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