Mobile Infrastructure Stock Down Post Q3 Earnings Despite Revenue Gain [Yahoo! Finance]
Mobile Infrastructure Corporation (BEEP)
Company Research
Source: Yahoo! Finance
Sept. 30, 2024, underperforming the broader market as the S&P 500 experienced a slight decrease of 0.3% during the same period. Over the past month, Mobile Infrastructure's stock has appreciated 8.1% compared with the S&P 500's growth of 3.3%, signaling some recent positive momentum relative to the index. For the third quarter of 2024, Mobile Infrastructure reported total revenues of $9.8 million, representing a 21% year-over-year increase from $8.1 million in the prior-year quarter. The company's revenue growth resulted primarily from 29 of the company's 41 assets converting to management contracts in 2024. Managed property revenues reached $7.9 million as Mobile Infrastructure continues its transition from lease-based to management contract arrangements. Base rent income, however, declined 23.4% to $1.5 million in third-quarter 2024 from $2 million, reflecting the impact of these contract shifts. The company's net loss for the quarter improved significantly to $1.9 million from
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BEEP
News
- Mobile Infrastructure Reports Third Quarter 2024 Financial ResultsBusiness Wire
- Mobile Infrastructure to Present at Sidoti Micro Cap Virtual Conference on November 14 [Yahoo! Finance]Yahoo! Finance
- Mobile Infrastructure to Present at Sidoti Micro Cap Virtual Conference on November 14Business Wire
- Mobile Infrastructure Announces Timing of Third Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Mobile Infrastructure Announces Several Actions to Enhance Shareholder ValueBusiness Wire
BEEP
Sec Filings
- 11/14/24 - Form 424B3
- 11/13/24 - Form 10-Q
- 11/13/24 - Form 424B3
- BEEP's page on the SEC website