Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| Statement |
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| This target is underpinned by a strong order book of €90 million in binding orders from quality customers and of course, by the substantial growth we currently see in the market, driven by strong customer dynamics and the general development towards electro mobility and CO2 reduction of initiatives all over the world, especially in the countries we are focusing on, which is Europe, European Union, U.K |
| We anticipate substantial growth driven by very strong customer dynamics and market trend for 2024 |
| This strengthens our balance sheet and is a strong signal and commitment by our shareholders |
| But in many cases over time just components are phasing out and here we see that it is important and that it is a benefit if companies can then act and change even on the low level PCB site |
| That was based on a solid order book and on a secured production capacity in our factory |
| As I said, we will be will be the highest revenues in the company's history |
| It's very well received |
| So very positive outlook here |
| To understand why this business is really strong and it's getting stronger |
| And I think we can see here on that slide that the strong order backlog of €90 million and what we expect in revenues it's very close |
| And why have I picked that picture to explain it here in the earning call? Because I see a very strong business coming from people owning office buildings and fleets |
| We have presented it the first time on the new exhibition in Stuttgart here Volta-X and mainly from infrastructure investors and operators we get a very solid feedback |
| And we are proud that this is another partner where we expect the first deals now kicking in 2023 as well |
| And we also see that Great Britain is a big opportunity |
| As I guess most of you know, the ChargeBox is the product which is already out there in the field and which is our battery-buffered Supercharger being well received and up and operating |
| So we started then ChargePost, which did a very good job |
| What has happened between October and end of the year? As I mentioned, our team has successfully managed the major supply issues and that has been material hunting |
| And I'm proud to announce today that we have one first really relevant and leading rental car company which has now taken the first units for their sites |
| They have received €150 million now and they have a pretty significant and big growth plan over the next years |
| In this case it is all-in-one solution, so no separate dispenser and we add it to up to two big advertisement screens which allows us to offer our customers more revenue streams |
| As Thomas already pointed out, we successfully managed the supply chain crisis in the second half of 2022 |
| And in addition, for sure charging with the battery, we can also offer to use the local generated electricity, which makes it in total cheaper, more convenient and so better for the end customer |
| Let me go into the details and why we are so positive in terms of what's coming and what's next |
| But for the user, it's a great experience because in these 20 minutes, he can charge 30%, 40%, 50% more of electricity, that saves time |
| And I'm proud to show you some examples, because it's always about pictures and what they tell us and where we see that it's real |
| And we received directly a new order, significant double-digit number of ChargePost |
| We are expecting also a break even to positive EBITDA |
| Since then, we have redesigned our supply chain and we are comfortable that we will return to gross margins as we have seen in the past |
| For this year, we expect revenues to exceed €100 million |
| I'm happy that you take your time and go with us through this earning call |
| Statement |
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| The decrease in revenue from contracts with customers for last fiscal year, in comparison, is mainly driven by lower than expected sales in the United States and also, of course, the supply chain pressures we faced during the course of last fiscal year |
| The reduced gross profit mainly resulted from higher than expected supply chain costs and lower output |
| This means that our full-year revenue was €26.4 million, down €6.6 million from fiscal year 2021 revenue of €33 million |
| Then out of a sudden we had the problem with the supply issues |
| So this is -- we took out from last year, because I mentioned that we had problems by end of the year with the units we have produced, but so far have not gone out to the customers |
| Before we go into the financial detail and just let me talk about some operational highlights, we communicated last year and I will pick up on that one slide later about the issue in the supply chain, I think that has been a common problem |
| Turning to gross profit and loss, our full-year 2022 came in at negative €4.5 million, down from negative €2.3 million in full-year fiscal year 2021 |
| In Spain, normally the grid connection is very weak |
| But more important is that we only see once that the internal battery dropped down to a level which is not zero, but it's closed, so it went down |
| will have a delay in the growth, but it will be a huge market |
| So that has just been a resource issue |
| But in infrastructure, we see cases in which customers were not successful acquiring sites, were not successful acquiring both public and private funding, and therefore they could not take the systems at that point |
| Then you get an impression how much pressure we had and what we finally have received in this difficult situation |
| These forward-looking statements involve risks and uncertainties, many of which are beyond our control and could cause actual results to differ materially from our expectations, including, among other risks and uncertainties, supply chain issues, the war in Ukraine and geopolitical challenges |
| This was driven by higher working capital and operating losses as commented on already |
| And here I think that's a big point also for our customers that just in case, if we hit or come into situations like that, material shortage could be because of a situation like now, which is as we know from COVID or the war in the Ukraine or whatever might be part of the reason |
| For sure, you will have the low power charges and there's no doubt |
| We got hit by some major components |
| This said we were impacted by certain clients not taking products by December 31 |
| And now we come to the conclusion if we have chargers with a high density, then the utilization is even going down, it's not going up |
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