micromobility.com Inc. Announces Fiscal Year 2023 Financial Results, Embraces Strategic Efficiency Amidst Industry Challenges
micromobility.com Inc. (MCOM)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--micromobility.com Inc. (OTCPINK: MCOM), a global player in innovative transportation solutions, today announced its financial results for the year ended December 31, 2023.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240416233414/en/Visit www.micromobility.com (Graphic: Business Wire)Amid a tough year for the micromobility sector, the Company showcased strategic resilience and focus, steering the company toward long-term stability and advancement. Total Net Revenues for the year amounted to $9.8 million, reflecting a 37% decrease from the previous year, primarily due to the strategic decision to early terminate the non-profitable LNPB (Lega Nazionale Professionisti Serie B) agreements, main providers of live contents for the Helbiz Media platform, and to exit non-profitable micromobility markets. These moves are aligned with the company’s long-term strategy to reduce operating cash burn.Cost
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MCOM
Sec Filings
- 4/16/24 - Form 10-K
- 4/2/24 - Form 424B2
- 4/1/24 - Form NT
- MCOM's page on the SEC website