micromobility.com reports a net loss of $19.5M in First Quarter 📢 The company operated in 24 markets by the end of Q1 2023 in Italy and the USA, with its brands Helbiz, Wheels by Helbiz and MiMoto (Acquired by Helbiz). Highlighted KPIs: • Revenues of $3.9M, up by 18% 💰 (for comparison Bird's revenues for the same period were $29.5M) • 580k rides in Q1, down by 19% 🛴 • Operating expenses of $19.3M, down 9.3$ YOY 👨🔧 (for comparison Bird's expenses for the same period were $40.6M) • Helbiz had less than $1M in cash and cash equivalents at the end of the quarter ⚠️ 💡 Interesting enough, the Media and Kitchen business lines accounted for more than 50% of the incoming revenues, with micromobility accounting for only 40% (from 54% in average in 2022) #micromobility #sharedmobility
