Marti Announces Full Year 2023 Results
Marti Technologies, Inc. Class A Ordinary Shares (MRT)
Last marti technologies, inc. class a ordinary shares earnings: 11/9 05:00 pm
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Source: Business Wire
ISTANBUL--(BUSINESS WIRE)--Türkiye’s leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced its financial and operational results for the full year ended December 31, 2023.Financial and Operational Highlights for Full Year 2023Capital efficient investments in ride-hailing produce performance exceeding operational targetsFocus on operational efficiencies in two-wheeled electric vehicle rental business contribute to performing in line with FY’23 revenue and adjusted EBITDA forecastsRevenue of $20.0M, net loss of $33.8M, and adjusted EBITDA of $(17.7)M in FY’23, relative to forecasts of $20.1M revenue and $(17.8)M adjusted EBITDAOnly company offering ride-hailing services at scale in Türkiye, and retained 59% market share in the two-wheeled electric vehicle rental segment“2023 was a year of record ride-hailing growth for Marti, proving that the high demand for ride-hailing globally also exists in Türkiye,” said Oguz Alper O
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