Zacks Initiates Coverage of Mobile Infrastructure With Neutral Recommendation [Yahoo! Finance]
Mobile Infrastructure Corporation (BEEP)
Company Research
Source: Yahoo! Finance
This assessment comes amid a mixed outlook for the company, which has been focusing on acquiring, owning and leasing parking facilities across the United States despite industry challenges. Mobile Infrastructure, headquartered in Cincinnati, OH, has carved a niche in the parking infrastructure space across the United States. As of the end of 2023, BEEP owned 43 parking facilities in 21 different markets across the United States, comprising approximately 15,700 parking spaces and 5.4 million square feet of space. The first quarter of 2024 saw Mobile Infrastructure's revenues rise to $8.8 million, marking a 24.3% increase from $7.1 million in the same period in 2023. This growth was driven by organic expansion and the conversion of 26 assets to management contracts, which improved operational efficiency. These efforts have enhanced BEEP's ability to manage expenses and optimize profitability. Mobile Infrastructure maintains financial stability with $13.9 million in cash and $192.1
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BEEP
News
- Mobile Infrastructure Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Mobile Infrastructure Corporation Names New Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- Mobile Infrastructure appoints Paul Gohr as CFO [Seeking Alpha]Seeking Alpha
- Mobile Infrastructure Reports First Quarter 2024 Financial ResultsBusiness Wire
- Mobile Infrastructure Corporation Names New Chief Financial OfficerBusiness Wire
BEEP
Sec Filings
- 6/20/24 - Form 424B3
- 6/20/24 - Form 8-K
- 6/17/24 - Form 4
- BEEP's page on the SEC website