Marti Expects to Reach Positive Free Cash Flow in 2025
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
Company Presents 2025 Guidance ISTANBUL--(BUSINESS WIRE)--Türkiye’s leading mobility super app, Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) announces its expectation to reach positive free cash flow in 2025 and presents 2025 guidance.After two years of investing in growing its ride-hailing business, Marti announced in October 2024 that it has begun monetizing its ride-hailing service.As the only at scale ride-hailing operator in the country, together with the monetization of its ride-hailing service, Marti expects to complete 2025 with $34.0 million of revenue and $3.0 million of adjusted EBITDA*. These figures are up from Marti’s 2024 performance targets of $16.6 million of revenue and $(22.5) million of adjusted EBITDA*. Marti’s 2025 forecast represents 2.1 times growth over its expected revenue figure for 2024, and an adjusted EBITDA improvement of $25.5 million.Marti also forecasts achieving positive free cash flow in 2025.Outlook for 2025The Compan
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- Marti Expects to Reach Positive Free Cash Flow in 2025 [Yahoo! Finance]Yahoo! Finance
- Marti Releases 2023 Sustainability Report [Yahoo! Finance]Yahoo! Finance
- Marti Releases 2023 Sustainability ReportBusiness Wire
- Marti Technologies, Inc. Appoints New Interim Chief Financial OfficerBusiness Wire
- Marti Technologies extends share repurchase program [Seeking Alpha]Seeking Alpha
MRT
Sec Filings
- 11/26/24 - Form 6-K
- 11/1/24 - Form 6-K
- 10/9/24 - Form 6-K
- MRT's page on the SEC website