micromobility.com Inc. SEC 10-Q Report

micromobility.com Inc., a company that has recently transitioned its core business to IT software services, has released its Q3 10-Q report. The report highlights significant financial improvements and strategic operational shifts, reflecting the company's new focus on software development services.

Financial Highlights

• Total Revenues from continuing operations – Related Party: $0.477 million, increased by 276% compared to the same period last year due to a service agreement with Everli.
• Loss from operations: $(0.198) million, improved from a loss of $(1.278) million in the prior year, reflecting reduced operating expenses.
• Net loss from continuing operations: $(0.378) million, significantly reduced from $(3.410) million in the previous year, driven by lower general and administrative expenses.
• Net income (loss) from discontinued operations: $0.149 million, compared to a loss of $(1.109) million in the prior year, due to the expiration and deletion of the US mobility wallets.
• Net loss per share attributable to common stockholders, basic and diluted: $(0.00), improved from $(0.17) in the previous year, reflecting the overall reduction in net loss.

Business Highlights

• Revenue Segments: The company has shifted its core business to IT software services, with revenues from continuing operations primarily derived from a service agreement with Everli S.p.A., a related party, for providing software development services.
• Geographical Performance: The company's IT services revenue is generated entirely from Serbia, where its subsidiary Helbiz Doo operates.
• Operational Shift: During 2024, the company exited its mobility and media operations in the United States and Europe due to high costs and cash burn, focusing instead on software services.
• Discontinued Operations: The company has classified its mobility and media businesses as discontinued operations, following the decision to sell these segments.
• Future Outlook: The company plans to continue funding its operations through debt and equity financing, with a focus on expanding its software services business.

SEC Filing: micromobility.com Inc. [ MCOM ] - 10-Q - May. 20, 2025