SEC Form 10-K filed by Moatable Inc.

PHOENIX, May 15, 2024 /PRNewswire/ -- Moatable, Inc. (OTC:MTBLY) ("Moatable" or the "Company"), a leading US-based SaaS company, today announced financial results for its first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Revenue increased 15% to $14.0 million in Q1 2024.Gross profit increased 14% to $10.7 million in Q1 2024.Loss from operations improved 67% from a loss of $3.4 million in Q1 2023 to a loss of $1.1 million in Q1 2024.Adjusted EBITDA substantially improved from a loss of $2.6 million in Q1 2023 to a positive $250 thousand in Q1 2024.Total cash & cash equivalents of $39.0 million at the end of Q1 2024."We are pleased with our continued steady revenue g

PHOENIX, May 2, 2024 /PRNewswire/ -- Moatable, Inc. (OTC:MTBLY) ("Moatable" or the "Company"), which operates two US-based SaaS businesses, Lofty Inc.© and Trucker Path Inc.©, today announced that the Company's Board of Directors (the "Board") has approved the appointment of Mr. Grant Moon as a member of the Board, effective April 30, 2024. A veteran with two decades of experience in the real estate and financial technology industries, Mr. Moon is CEO of BlueForceX, a strategy consulting firm serving banks, venture capital firms, and early-stage technology companies. He is also a venture partner with Denver Angels, an early-stage venture capital firm in Colorado. Previously, he founded and

PHOENIX, April 15, 2024 /PRNewswire/ -- Moatable, Inc. (OTC Pink: MTBLY) ("Moatable" or the "Company"), which operates two US-based SaaS businesses, Lofty Inc.© and Trucker Path Inc.©, today announced that Mr. James Reed resigned from the Company's Board of Directors, effective on April 12, 2024. Mr. Reed resigned for personal reasons and not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. "On behalf of the Board of Directors, I would like to express my gratitude to Mr. Reed for his time and valuable contribution to Moatable over the past year," said Moatable's Chairman and Chief Executive Officer, Mr. Joseph Chen. About Mo

4 - Moatable, Inc. (0001509223) (Issuer)

8-K - Moatable, Inc. (0001509223) (Filer)

25-NSE - Moatable, Inc. (0001509223) (Subject)

8-K - Moatable, Inc. (0001509223) (Filer)

Trading in the Company's ADSs will be suspended immediately.

Gainers XTI Aerospace (NASDAQ:XTIA) shares increased by 20.7% to $4.23 during Wednesday's regular session. The market value of their outstanding shares is at $41.3 million. Next Technology Holding (NASDAQ:NXTT) shares increased by 18.18% to $4.81. The company's market cap stands at $12.6 million. MicroCloud Hologram (NASDAQ:HOLO) shares rose 13.48% to $3.62. The company's market cap stands at $21.5 million. Sequans Communications (NYSE:SQNS) shares moved upwards by 12.42% to $0.43. The market value of their outstanding shares is at $26.6 million. CXApp (NASDAQ:CXAI) shares moved upwards by 12.04% to $5.02. The company's market cap stands at $76.5 million. GSI Technology (NASDAQ:GSIT) s