YayYo press release (OTCPK:YAYO): Q1 GAAP EPS of -$0.04.
Revenue of $3.8M (+54.5% Y/Y).
Generated positive adjusted EBITDA of $263 thousand in 1Q 2023, or 7%, compared to negative EBITDA of $248 thousand in 1Q 2022.
Net loss totaled $3.1 million for the three months ended March 31, 2023, compared to the net loss of $1.5 million in the first quarter of 2022. The larger loss was attributable to the legal and settlement costs and also higher interest expenses.
60% of customers are renting for more than 80 consecutive days
EVs and hybrids are now 35% of the Company’s vehicle fleet