Micromobility.com Inc. demonstrates Fiscal Resilience and Progress in Q3 2023
14 Novembro 2023 - 6:30PM
Business Wire
micromobility.com Inc. (NASDAQ: MCOM), a disruptive leader in
the micro-mobility sector, today announced its Q3 2023 financial
results, underscoring continued strategic progress and operational
efficiency.
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Key Financial Highlights:
- 9-Month 2023 Revenue, approximately $9.0
million. - Q3 2023 Revenue, approximately $1.5 million. - Operating
Expenses: 66% reduction comparing Q3 2023 with Q3 2022. - Q3 2023
Net Loss approximately $9.5 million, showing a decrease of 61%
compared with Q3 20233. - Financial Liabilities as of September 30,
2023, amounting to $27.2 million shows a reduction of 33% compared
to December 31, 2022.
Management’s Perspective:
CEO, Salvatore Palella, commented on the progress,
“Despite challenges, we are moving steadily towards our strategic
goals with a focus on operational recalibration and exploring new
profitable opportunities. Our commitment to fiscal discipline and
long-term viability is unwavering as we continue to pioneer
sustainable and affordable urban transportation solutions.”
Interim CFO, Gian Luca Spriano, added, “Our Q3 results
reflect our ongoing efforts to streamline operations and manage
costs effectively. The substantial decrease in operating expenses
and net loss indicates our strong commitment to achieving financial
stability. We are on a focused path to bolster our financial
position and drive sustainable growth.”
Micromobility.com Inc.’s third quarter 2023 financial results
can be found by accessing the Company’s quarterly results page of
the Investor Relations section of the micromobility.com Inc.
website at: https://ir.micromobility.com/.
Earnings Call Announcement
In an effort to involve a broader audience in our financial
discussions, this quarter’s earnings call will be hosted as a Space
Call on X (formerly Twitter on Wednesday November 15th at 9am ET.
This innovative approach allows all retail investors to
participate. Join us at
https://twitter.com/i/spaces/1RDxlljZyvMxL?s=20
Micromobility.com Inc. continues to lead in
transforming urban mobility, leveraging industry growth, and
enhancing shareholder value through strategic initiatives and sound
corporate governance.
Forward-Looking Statements
Certain statements made in this press release are
"forward-looking statements'' within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements may be identified by the use of
words such as "anticipate", "believe", "expect", "estimate",
"plan", "outlook", and "project" and other similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
reflect the current analysis of existing information and are
subject to various risks and uncertainties. As a result, caution
must be exercised in relying on forward looking statements. Due to
known and unknown risks, actual results may differ materially from
the Company’s expectations or projections. The following factors,
among others, could cause actual results to differ materially from
those described in these forward-looking statements: (i) the
failure to meet projected development and production targets; (ii)
changes in applicable laws or regulations; and (iii) other risks
and uncertainties described herein, as well as those risks and
uncertainties discussed from time to time in other reports and
other public filings with the Securities and Exchange Commission
(the "SEC") by the Company including its Annual Report on Form 10-K
for the fiscal year ended December 31, 2022. The Company’s SEC
filings are available publicly on the SEC’s website at www.sec.gov.
Any forward-looking statement made by us in this press release is
based only on information currently available to the Company and
speaks only as of the date on which it is made. The Company
undertakes no obligation to publicly update any forward-looking
statement, whether written or oral, that may be made from time to
time, whether as a result of new information, future developments
or otherwise, except as required by law.
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For media inquiries: press@micromobility.com
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