Getaround Suspends Trading On NYSE Effective Immediately And Started Delist Process
$GETR
Rental/Leasing Companies
Consumer Discretionary
Getaround Suspends Trading On NYSE Effective Immediately And Started Delist Process
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Under new leadership team, Company raised capital, reduced expenses, and accelerated path to profitability GAAP net loss of $12.0 million, vs. a net loss of $30.3 million a year ago Adjusted EBITDA loss improved 49% to $11.4 million from $22.4 million loss vs. same period 2023 Getaround (OTC:GETR), the world's first connected carsharing marketplace, today announced financial results for the second quarter of 2024 ended June 30, 2024. "During the first half of 2024 we aggressively capitalized on opportunities to increase efficiency and right-size expenses," said Eduardo Iniguez, CEO of Getaround. "I am pleased to share that our second quarter 2024 results are starting to reflect
Getaround (OTC:GETR) ("Getaround'' or "the Company"), the world's first connected carsharing marketplace, today announced it will release its financial results for the second quarter ended June 30, 2024 after U.S. markets close on Monday, August 12, 2024. Company management will host a conference call and webcast at 2:00 p.m. PT / 5:00 p.m. ET to discuss the financial results and provide a corporate update. A live webcast and replay can be accessed from the investor relations page of Getaround's website at Getaround | Investor Relations. Individuals interested in listening to the conference call may do so by dialing 1-844-826-3033 or 1-412-317-5185. Investors and analysts that wish to s
Delivered Total Revenues of $23.8 million, increasing 42% year-over-year, and reflecting an annualized run-rate of over $95 million Gross Booking Volume of $69 million, reflecting an annualized run-rate of $276 million GAAP Net Loss of $27.3 million, a 16% improvement from the same period last year Adjusted EBITDA loss of $11.3 million, a 43% improvement from the same period last year Gross Margin from Service Revenue remained at 87%, up 27 basis points year-over-year Trip Contribution Margin increased to 52%, up 640 basis points year-over-year Getaround (NYSE:GETR), the world's first connected carsharing marketplace, today announced financial results for the period ended
OAKLAND, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Getaround (OTCQB:GETR), the world's first connected carsharing marketplace, today announced financial results for the third quarter of 2024 ended September 30, 2024. Third Quarter 2024 Highlights Total revenue of $22.4 million versus $23.8 million in the prior-year periodGross Booking Value of $65.1 million compared to $53.0 million as of June 30, 2024Gross Margin from Service Revenue expanded to 90%, an increase of 300 basis points year-over-yearTrip Contribution Margin decreased to 48%, a decrease of 400 basis points year-over-yearGAAP net loss of $15.5 million compared to $27.3 million a year agoAdjusted EBITDA loss of $9.3 million ve
Getaround (OTCQB:GETR) ("Getaround'' or "the Company"), the world's first connected carsharing marketplace, is pleased to announce that the quotation of its common stock and public warrants, under the symbols "GETR" and "GETRW", respectively, has been upgraded from the OTC Pink Market to the OTCQB® Venture Market (the "OTCQB"), effective September 4, 2024. OTCQB is a trading platform in the US operated by the OTC Markets Group. To be eligible for trading on the OTCQB, companies must be current in their financial reporting with the Securities and Exchange Commission (the "SEC"), pass a minimum bid price test, maintain audited financials through a PCAOB registered firm, and undergo an annua
Certification recognizes Company's commitment to information security and unlocks opportunities to expand strategic partnerships Getaround (OTC:GETR), the world's leading connected carsharing platform, is proud to announce it has achieved ISO 27001 certification. This certification underscores Getaround's commitment to maintaining the highest standards of information security and data protection for our users and partners. ISO 27001 is the international standard for information security management systems (ISMS). Achieving this certification validates Getaround's robust framework of policies, procedures, and controls to manage and protect sensitive information effectively. "Securing I
Trading in the Company's common stock will be suspended immediately.
Huerta brings more than 25 years of experience in finance and public accounting Company receives $20 million in additional funding from Mudrick Capital Getaround (OTC:GETR) ("Getaround'' or "the Company"), the world's first connected carsharing marketplace, today announced the transition from Tom Aldermen as Chief Financial Officer to Patricia Huerta, CPA, as Interim Chief Financial Officer, effective July 19, 2024. Getaround is grateful for Mr. Alderman's service and contributions to the company. Huerta , who serves as Getaround's Chief Accounting Officer, will assume the role of Interim CFO to lead the finance, accounting, compliance and certain other functions and will report to Ge
Nikul Patel, Neil Savage and Qais Sharif bring significant expertise in governance, strategy and product development Getaround (NYSE:GETR) ("Getaround'' or "the Company"), the world's first connected carsharing marketplace, today announced three new additions to its Board of Directors. Nikul Patel, Neil Savage and Qais Sharif effective May 6, 2024. They will join existing directors Jason Mudrick, Bruno Bowden, Ravi Narula, Sam Zaid and Chief Executive Officer Eduardo Iniguez on the Board. All three bring extensive public company senior management experience to Getaround's Board and meet the New York Stock Exchange's independent director standard, strengthening the Company's corporate gove
Total Revenues Up 49% and Gross Booking Value Up 41% Year-Over-Year Leadership Transition, Capital Raise and Operational Streamlining Support Renewed Focus on Achieving Profitable Growth Getaround (NYSE:GETR) ("Getaround'' or "the Company"), the world's first connected carsharing marketplace, today announced financial results for the first quarter of 2024 ended March 31, 2024. "Since transitioning our leadership earlier this year, we have realigned our business priorities to focus on achieving profitable growth, reduced our cost structure as a percent of total revenue, and raised additional capital to fund operations into 2025," said Eduardo Iniguez, Getaround's Chief Executive Office