HERZLIYA, Israel and SAN JOSE, Calif., Jan. 12, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (Otonomo), (NASDAQ:OTMO), a leading mobility intelligence provider, today announced the appointment of Fred Kohout as Chief Marketing Officer (CMO). Bringing more than three decades of sales and marketing experience to Otonomo, Kohout will be charged with scaling Otonomo's brand to demand engine to capitalize on the immense market opportunity represented by connected vehicle data and mobility intelligence. Mr. Kohout joins a growing executive team at Otonomo, including recently appointed leaders Doron Simon, Executive Vice President of Corporate Development and Strategy, Anders Truelsen, Chi

HERZLIYA, ISRAEL and SAN JOSE, CA, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (Otonomo) (NASDAQ:OTMO), a leading provider of a pioneering vehicle data platform and marketplace, today announced that Vered Raviv Schwarz and Jonathan Huberman were appointed to its Board of Directors. Ben Volkow, Otonomo CEO and Chairman of the Board, commented "We are truly honored to welcome Vered and Jonathan to our Board. Ms. Raviv Schwarz brings 28 years of expertise in leadership, corporate law, and mergers and acquisitions. As former President, Chief Operating Officer and General Counsel at private and public companies in the technology industry, she brings unparalleled executive expe

4/A - Otonomo Technologies Ltd. (0001842498) (Issuer)

4 - Otonomo Technologies Ltd. (0001842498) (Issuer)

HERZLIYA, Israel and SAN FRANCISCO, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, today announced that it will release its financial results for the fourth quarter and full year, ending December 31, 2022, before the market opens on Wednesday, February 15, 2023. Otonomo's management will host a conference call to discuss the fourth quarter and full year 2022 financial results on Wednesday, February 15, 2023, at 8:30 a.m. Eastern Time.Management team members on the call will include Ben Volkow, CEO, Director & Co-Founder and Bonnie Moav, CFO.Otonomo encourages participants to pre-register for the conference call here.

HERZLIYA, Israel and SAN FRANCISCO, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, today announced its financial results for the quarter ended September 30, 2022. Third Quarter 2022 Financial Results: Revenue for the third quarter 2022 was $2.0 million compared to $0.2 million for the third quarter 2021.GAAP operating loss for the third quarter 2022 was $37.0 million, including an impairment charge of $26.3 million for writing off all Goodwill and Intangible assets related to acquisitions made in the past, compared to $0 million for the third quarter 2021.Non-GAAP operating loss* for the third quarter 2022 was $13.4

HERZLIYA, ISRAEL and SAN FRANCISCO, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, today announced that it will release its financial results for the third quarter of 2022 before the market opens on Wednesday, November 16, 2022. Otonomo's management team will host a conference call to discuss the second quarter 2022 financial results on Wednesday, November 16, 2022, at 8:30 a.m. Eastern Time. Management team members on the call will include Ben Volkow, CEO, Director & Co-Founder, and Bonnie Moav, CFO. Otonomo encourages participants to pre-register for the conference call here. Participants can choose to

HERZLIYA, Israel and SAN FRANCISCO, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, today announced its financial results for the quarter ended June 30, 2022. Second Quarter 2022 Financial Results: Total revenue for the second quarter 2022 was $1.9 million compared to $0.3 million for the second quarter 2021.GAAP operating loss for the second quarter 2022 was $65.6 million, including an impairment charge of $45.8 million, compared to a loss of $5.6 million for the second quarter 2021.Non-GAAP operating loss* for the second quarter 2022 was $15.8 million compared to a loss of $5.0 million for the second quarter 2021.C

HERZLIYA, Israel and SAN FRANCISCO, July 19, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, today announced that it will release its financial results for the second quarter of 2022 before the market opens on Wednesday, Aug. 17, 2022. Otonomo's management will host a conference call to discuss the second quarter 2022 financial results on Wednesday, Aug. 17, 2022, at 8:30 a.m. Eastern Time. Management team members on the call will include Ben Volkow, CEO, Director & Co-Founder, Bonnie Moav, CFO, and Doron Simon, EVP of Strategy and Corporate Development. Otonomo encourages participants to pre-register for the conference call

HERZLIYA, Israel and SAN FRANCISCO, May 17, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, today announced its first quarter 2022 financial results reflecting strong growth year over year, continued momentum in demand for key mobility services use cases, new customers and the strategic acquisition of The Floow. Revenue for the first quarter was $1.03 million, an increase of 380% year over year. Otonomo's cash and cash equivalents, and restricted cash balance as of March 31, 2022, was $196.8 million. First Quarter 2022 Financial Highlights: Total revenue

Conference Call to be Held on the Same Day at 8:30 a.m. Eastern Standard Time HERZLIYA, Israel and SAN FRANCISCO, April 14, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (Nasdaq:OTMO), the mobility intelligence company, today announced that it will release its financial results for the first quarter of 2022 before the market opens on Tuesday, May 17, 2022. Otonomo's management will host a conference call to discuss the first quarter 2022 financial results on Tuesday, May 17, 2022 at 8:30 a.m. Eastern Time. Management team members on the call will include Ben Volkow, CEO, Director & Co-Founder, Bonnie Moav, CFO, and Doron Simon, EVP of Strategy and Corporate Development. Ot

HERZLIYA, Israel, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (Otonomo), (NASDAQ:OTMO), the mobility intelligence company, today announced its financial results for the fourth quarter and full year, ending December 31, 2021. In 2021, Otonomo reported a growing number of use cases and across a wider set of geographies, entered into six new OEM contracts, acquired Neura and further developed in the platform. Otonomo's cash and cash equivalents, and restricted cash balance as of December 31, 2021 was $208.1 million. Otonomo Full Year & Q4 2021 Financial Highlights Total Revenue for the fourth quarter was $1.1 million compared to $212 thousand, in the

HERZLIYA, Israel and SAN JOSE, Calif., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (Otonomo), (Nasdaq: OTMO), a leading provider of a pioneering mobility intelligence, announced today that it will release its financial results for the fourth quarter and full year 2021 before the market opens on February 15, 2022. Otonomo's management will host a conference call to discuss the fourth quarter and full year 2021 financial results on February 15, 2022 at 8:30 a.m. Eastern Time. Management team members on the call will include Ben Volkow, CEO, Director & Co-Founder, Bonnie Moav, CFO, Amit Hammer, EVP Operations and Doron Simon, EVP of Strategy and Corporate Development.

HERZLIYA, Israel and SAN JOSE, Calif., Nov. 12, 2021 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (Otonomo) (NASDAQ:OTMO), a leading provider of a pioneering mobility intelligence platform, today provided a business update and announced financial results for the nine months ended September 30, 2021.   Management's Remarks  "On August 16, Otonomo's ordinary shares began trading on Nasdaq. This milestone marked a key step in positioning Otonomo to increase scale and fulfill our vision of building the world's most advanced mobility and automotive ecosystem powered by data. Currently, we are laying the groundwork to leverage the significant growth opportunities ahead and we are moving quick

Anticipated closing of all-stock transaction on Thursday, October 19 Urgently common stock expected to begin trading on Nasdaq under symbol "ULY" at close Urgent.ly Inc. ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced that, subject to the completion or waiver of customary closing conditions, the Closing of the Merger (as defined below) is expected to take place prior to the market open on Thursday, October 19, 2023. Capitalized terms used in this press release but not otherwise defined herein have the meanings given to them in the Merger Agreement (as defined below). In accordance with the terms of the Ag

HERZLIYA, Israel and SAN FRANCISCO, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO) ("Otonomo"), the platform powering the mobility economy, today announced that its shareholders approved its proposed business combination with Urgent.ly, Inc. ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, at a special meeting of shareholders held yesterday. A Form 6-K disclosing the full voting results was filed with the Securities and Exchange Commission. Upon closing of the transaction, which is expected to occur before the end of October 2023, the combined company will operate under the name Urgent.ly, Inc. and

HERZLIYA, Israel and SAN FRANCISCO, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO) ("Otonomo" or the "Company"), the platform powering the mobility economy, today announced its financial and operational results for the quarter ended June 30, 2023. Recent Developments Cost Reduction Initiative In June 2023, the Company completed the process of sunsetting part of its connected vehicle data services ("CVD services"), which include services relating to aggregate multi-layered data, standardized data and data blurred to remove identifiers. The sunsetting of CVD services resulted in a further workforce reduction. Upon completion of the CVD service

HERZLIYA, Israel and SAN FRANCISCO, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO) ("Otonomo" or the "Company"), the platform powering the mobility economy, today announced the expiration and results of its previously announced exchange offer (the "Offer") and consent solicitation (the "Consent Solicitation") relating to its outstanding (i) public warrants to purchase the Company's ordinary shares, no par value per share (the "Ordinary Shares"), which warrants trade on The Nasdaq Stock Market LLC under the symbol "OTMOW" (the "public warrants"), and (ii) private placement warrants to purchase Ordinary Shares (the "private placement warrants" and, together with th

HERZLIYA, Israel and SAN FRANCISCO, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO) ("Otonomo" or the "Company"), the platform powering the mobility economy, today announced that it has extended the expiration date of its previously announced exchange offer (the "Offer") and consent solicitation (the "Consent Solicitation") relating to its outstanding (i) public warrants to purchase the Company's ordinary shares, no par value per share (the "Ordinary Shares"), which warrants trade on The Nasdaq Stock Market LLC under the symbol "OTMOW" (the "public warrants"), and (ii) private placement warrants to purchase Ordinary Shares (together with the public warrants, the "

HERZLIYA, Israel and SAN FRANCISCO and VIENNA, Va., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO) ("Otonomo"), the platform powering the mobility economy, and Urgent.ly, Inc. ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced that they have entered into a definitive agreement to merge in an all-stock transaction. As a result of the transaction, Urgently expects that its shares of common stock will be listed under the ticker symbol "ULY". Upon closing of the transaction, which has been approved by each company's board of directors, holders of Otonomo's ordinary shares will receive co

HERZLIYA, Israel and SAN FRANCISCO, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, today announced that MICHELIN DDi (Driving Data to Intelligence), the business unit within Michelin Group specialized in driving behavior data analysis, has selected Otonomo to advance the development of its near-miss zone identification service in Europe. MICHELIN DDi will leverage acceleration and deceleration connected vehicle data events available through the Otonomo Smart Mobility Data Platform to identify potential accident hot spots and help European road authorities reduce risk and improve road safety for drivers, beginning in Fr

HERZLIYA, Israel and SAN FRANCISCO, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, today announced that it will release its financial results for the fourth quarter and full year, ending December 31, 2022, before the market opens on Wednesday, February 15, 2023. Otonomo's management will host a conference call to discuss the fourth quarter and full year 2022 financial results on Wednesday, February 15, 2023, at 8:30 a.m. Eastern Time.Management team members on the call will include Ben Volkow, CEO, Director & Co-Founder and Bonnie Moav, CFO.Otonomo encourages participants to pre-register for the conference call here.

HERZLIYA, Israel and SAN FRANCISCO, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, today announced that Microsoft Maps has selected Otonomo to support and improve its global mapping products and services. The streaming connected vehicle data provided by Otonomo will allow Microsoft to develop enhancements to its mapping services for Microsoft Maps users across Microsoft Azure, Windows, Microsoft 365 and Bing, including providing current traffic conditions, accident notification and route optimization. Microsoft will use connected vehicle data—including traffic data, road safety events and road sign data—to enrich and

HERZLIYA, Israel and SAN FRANCISCO and AUSTIN, Texas, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, and Iteris (NASDAQ:ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced a multi-year agreement to integrate connected vehicle data available through the Otonomo Smart Mobility Data Platform into Iteris' ClearMobility® Platform. This additional data source will help Iteris unlock new mobility insights from its multiple sources of traffic intelligence, advance its digital mobility infrastructure solutions for the public sector and commercial enterprise customers, and

Citigroup initiated coverage of Otonomo Technologies with a rating of Neutral and set a new price target of $1.50

Needham reiterated coverage of Otonomo Technologies with a rating of Buy and set a new price target of $6.00 from $8.00 previously

Needham reiterated coverage of Otonomo Technologies with a rating of Buy and set a new price target of $8.00 from $10.00 previously

Needham initiated coverage of Otonomo Technologies with a rating of Buy and set a new price target of $10.00

B. Riley Securities initiated coverage of Otonomo Technologies with a rating of Buy and set a new price target of $13.00

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Gainers Peraso (NASDAQ:PRSO) shares moved upwards by 23.6% to $0.2 during Wednesday's after-market session. Trading volume for this security closed at 1.1 million, accounting for 294.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $5.6 million. Ondas Holdings (NASDAQ:ONDS) shares moved upwards by 7.31% to $0.46. The company's market cap stands at $25.3 million. Applied Optoelectronics (NASDAQ:AAOI) shares rose 5.69% to $7.98. The market value of their outstanding shares is at $266.0 million. Edgio (NASDAQ:EGIO) shares rose 5.55% to $0.95. The company's market cap stands at $214.2 million. Cipher Mining (NASDAQ:CIFR) shares ros

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Otonomo Technologies (NASDAQ:OTMO) reported $1.60 million in sales this quarter. This is a 15.79 percent decrease over sales of $1.90 million the same period last year.

Otonomo Technologies Ltd. (NASDAQ:OTMO) ("Otonomo" or the "Company"), the platform powering the mobility economy, today announced the expiration and results of its previously announced exchange offer (the "Offer") and consent solicitation (the "Consent Solicitation") relating to its outstanding (i) public warrants to purchase the Company's ordinary shares, no par value per share (the "Ordinary Shares"), which warrants trade on The Nasdaq Stock Market LLC under the symbol "OTMOW" (the "public warrants"), and (ii) private placement warrants to purchase Ordinary Shares (the "private placement warrants" and, together with the public warrants, the "warrants"). The Offer and Consent Solicitation e

  During Monday's session, 201 stocks hit new 52-week lows. Facts of Interest About Today's 52-Week Lows: Moderna (NASDAQ:MRNA) was the largest company by market cap to set a new 52-week low. The company with the smallest market cap to set a new 52-week low was Esports Entertainment (NASDAQ:GMBL). Mogo (NASDAQ:MOGO)'s stock fell the most, as it traded down 189.81% to reach a new 52-week low. Boston Omaha (NYSE:BOC) was the most promising stock of the group, with shares actually trading up 0.0% to bounce back after reaching its new 52-week low. During Monday's session, the following stocks set new 52-week lows: Moderna (NASDAQ:MRNA) shares moved down 3.36% on Monday to hit a new

  During the Friday's sesion, 157 stocks hit new 52-week lows. Interesting Highlights From Today's 52-Week Lows: Corteva (NYSE:CTVA) was the biggest company on a market cap basis to set a new 52-week low. The smallest company by market cap to hit a new 52-week low was American Rebel Holdings (NASDAQ:AREB). Mullen Automotive (NASDAQ:MULN) made the largest move down on the session, with shares plummeting 815.93% to reach its 52-week low. BNY Mellon Strategic (NYSE:LEO) saw the sharpest rebound, as shares ascended 0.0%, reversing after hiting a new 52-week low. The following stocks created new 52-week lows on Friday: Corteva (NYSE:CTVA) shares hit a yearly low of $52.02. The stock