Marti Technologies Reports 2024 Revenue of $18.7M, Surpassing Guidance; Net Loss of $73.9M, Adjusted EBITDA Beats Forecast

Reuters
05-30
Marti Technologies Reports 2024 Revenue of $18.7M, Surpassing Guidance; Net Loss of $73.9M, Adjusted EBITDA Beats Forecast

Marti Technologies Inc. has released its latest financial results, reporting a financial income of $3.561 million compared to $1.408 million in the previous period. The company also reported a financial expense of $6.773 million, down from $9.980 million previously. Notably, the customs tax provision expense stood at $32,000, with no comparable figure from the prior period. In terms of provisions, the lawsuit provision expense increased to $846,000 from $184,000. Additionally, stock-based compensation expense saw a significant decrease, amounting to $1.989 million compared to $37.161 million in the last reporting period. The company's Adjusted EBITDA was reported as a negative $17.692 million, an improvement from the previous period's negative $19.274 million. The Adjusted EBITDA margin improved to a negative 88.3% from a negative 103.3%. Marti Technologies also provided forward-looking statements regarding anticipated growth, including expectations for its ride-hailing business and two-wheeled electric vehicle service. These statements are subject to risks and uncertainties, and actual results may differ materially from current expectations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marti Technologies Inc. published the original content used to generate this news brief on May 30, 2025, and is solely responsible for the information contained therein.

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