Thu, May 15, 8:31 PM (39 days ago)
**Moatable, Inc. (MTBLY) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** Increased by 28.6% to $18.0 million (Q1 2024: $14.0 million). - **Net Loss:** Decreased by 65.5% to $1.1 million (Q1 2024: $3.1 million). - **Operating Loss:** Decreased by 31.5% to $0.97 million (Q1 2024: $1.43 million). - **Gross Margin:** Decreased to 74.5% (Q1 2024: 76.4%). - **Operating Expenses:** Increased by 19.0% to $14.4 million (Q1 2024: $12.1 million). **Segment Performance:** - **Lofty:** Revenue increased by 23.5% to $9.8 million (Q1 2024: $7.9 million). - **Trucker Path:** Revenue increased by 34.8% to $8.1 million (Q1 2024: $6.0 million). **Cash Flow:** - **Operating Cash Flow:** Negative $1.7 million (Q1 2024: Negative $0.9 million). - **Investing Cash Flow:** Positive $4.9 million (Q1 2024: Negative $0.1 million). - **Financing Cash Flow:** Negative $11.2 million (Q1 2024: Positive $0.9 million). **Trends & Uncertainties:** - **Revenue Growth:** Driven by increased subscription services and expanded Trucker Path subscriber base. - **Operating Expenses:** Increased due to higher selling and marketing expenses and research and development costs. - **Cash Position:** Expected to meet operating needs for at least the next twelve months. **Future Operations Impact:** - **Investments:** Continued focus on research and development, sales and marketing, and customer service. - **Acquisitions:** Potential impact from the acquisition of Truckers Best Insurance LLC. - **Internal Controls:** Addressing material weaknesses in internal control over financial reporting. **Management's Discussion:** - **Business Model:** Evolving from a social networking service platform to SaaS businesses (Lofty and Trucker Path). - **Segment Operations:** Focus on real estate sales acceleration and client lifecycle management (Lofty) and driver-centric online transportation management (Trucker Path). - **Liquidity:** Dependent on generating cash flows from operations and adequate financing arrangements.