Marti Reported H1 Revenue of $8.4M, Down 11% YoY, Adj EBITDA of $(11.3)M, $9.0M Cash and Equivalents
Portfolio Pulse from Benzinga Newsdesk
Marti reported a 11% year-over-year decline in H1 revenue to $8.4 million, with an adjusted EBITDA loss of $11.3 million. The company holds $9.0 million in cash and equivalents.
September 30, 2024 | 11:11 am
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Marti's financial results for the first half of the year show a decline in revenue and a significant EBITDA loss, indicating potential financial challenges.
The 11% decline in revenue and significant EBITDA loss suggest financial difficulties, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100