YAYO - YayYo GAAP EPS of -$0.04 revenue of $3.8M
2023-05-23 02:29:33 ET
YayYo press release ( OTCPK:YAYO ): Q1 GAAP EPS of -$0.04.
Revenue of $3.8M (+54.5% Y/Y).
Generated positive adjusted EBITDA of $263 thousand in 1Q 2023, or 7%, compared to negative EBITDA of $248 thousand in 1Q 2022.
Net loss totaled $3.1 million for the three months ended March 31, 2023, compared to the net loss of $1.5 million in the first quarter of 2022. The larger loss was attributable to the legal and settlement costs and also higher interest expenses.
60% of customers are renting for more than 80 consecutive days
EVs and hybrids are now 35% of the Company’s vehicle fleet
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YayYo GAAP EPS of -$0.04, revenue of $3.8M