Marti Expects to Reach Positive Free Cash Flow in 2025 [Yahoo! Finance]
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: Yahoo! Finance
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 2025 The Company provides its full year 2025 outlook as follows: 2024 Guidance 2025 Guidance Change Revenue $16.6 million $3
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News
- Marti Expects to Reach Positive Free Cash Flow in 2025Business Wire
- 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