Smart Share Global Ltd Stock Price, News & Analysis

Energy Monster (Nasdaq: EM) reported Q3 2024 financial results, showing a strategic shift towards the network partner model, with 96.8% of POIs now operating under this model. Revenue declined 20.0% to RMB490.8 million (US$69.9 million), primarily due to decreased direct model revenues.

Mobile device charging orders decreased to 148.1 million from 176.5 million year-over-year. The company's services were available in 1,274 thousand POIs with 9.5 million power banks. Cumulative registered users reached 430.2 million, with 13.1 million new registrations in Q3.

The company reported a net income of RMB4.2 million (US$0.6 million), down from RMB49.0 million in Q3 2023. Cash position remained strong at RMB3.0 billion (US$432.0 million).

Energy Monster (Nasdaq: EM) has successfully regained compliance with Nasdaq's minimum bid price requirement. The company, which provides mobile device charging services, received confirmation from Nasdaq on January 31, 2025, that it has met the minimum bid price requirement of US$1.00 per share.

This development follows a notification received on August 9, 2024, when Energy Monster was given a 180-day compliance period until February 3, 2025, to meet the requirement after its ADS price fell below US$1.00 for 30 consecutive business days. The company's ADSs maintained a closing bid price of US$1.00 or higher for 10 consecutive business days from January 16 to January 30, 2025, satisfying Nasdaq's compliance criteria.

Energy Monster (Nasdaq: EM) announced that its special committee has retained Kroll, as independent financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as U.S. legal counsel. These appointments are related to the evaluation of the non-binding 'going private' proposal received on January 5, 2025, from Trustar Mobile Charging Holdings and several company executives, including the Chairman/CEO, Director/President, CMO, and Director/CFO.

The Board emphasized that no decisions have been made regarding the proposal, and there is no guarantee that a definitive offer will be received or that any transaction will be approved or completed. The company will only provide updates as required by law.

Smart Share Global (Nasdaq: EM), known as Energy Monster, has received a preliminary non-binding proposal from Trustar Capital and company executives to acquire all outstanding shares not already owned by the buyer group. The proposed purchase price is US$0.625 per Ordinary Share or US$1.25 per ADS, representing a 74.8% premium to the last trading day's closing price.

The buyer group includes Trustar Mobile Charging Holdings , CEO Mars Guangyuan Cai, President Peifeng Xu, CMO Victor Yaoyu Zhang, and CFO Maria Yi Xin. The Board has formed a special committee of three independent directors, chaired by Conor Chia-hung Yang, to evaluate the proposal. The committee will retain independent financial advisors and legal counsel.

The company emphasizes that no decisions have been made regarding the proposal, and there is no guarantee of a definitive agreement or transaction completion.

Smart Share Global (Nasdaq: EM) announced its Q2 2024 results. Key highlights include:

• 89.2% of POIs operated under the network partner model
• 1,267,000 POIs available, up from 1,245,000 in Q1 2024
• 9.5 million available-for-use power banks
• 417.1 million cumulative registered users
• 150.6 million mobile device charging orders

Revenues decreased 55.3% YoY to RMB462.9 million (US$63.7 million). The company returned to profitability with a net income of RMB9.2 million (US$1.3 million). The transition to the network partner model is progressing faster than expected, positioning the company for long-term success despite short-term impacts on POI expansion.

Smart Share Global (Energy Monster), a mobile device charging service provider, has announced its plans to release unaudited second quarter 2024 financial results on August 22, 2024, before the U.S. market opens. The company will hold a conference call at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on the same day to discuss the results. Interested parties can pre-register for the call or access it via webcast. A telephone replay will be available through August 29, 2024, and a live and archived webcast will be accessible on the company's investor relations website.

Smart Share Global (Nasdaq: EM), known as Energy Monster, has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's American depositary shares (ADSs) have traded below the $1.00 per share threshold for 34 consecutive business days. Energy Monster has been granted a 180-day compliance period until February 3, 2025, to regain compliance by maintaining a closing bid price of $1.00 or higher for at least ten consecutive business days.

If unsuccessful, the company may be eligible for an additional 180-day period if it meets other Nasdaq Capital Market listing requirements. Energy Monster assures that this notification does not affect its business operations and plans to take all reasonable measures to regain compliance within the grace period.

Smart Share Global (Nasdaq: EM) announced its unaudited financial results for Q1 2024. The company, which provides mobile device charging solutions, reported a revenue of RMB397.2 million (US$55.0 million), a 51.7% drop from Q1 2023. The decrease mainly stems from changes in contractual arrangements with network partners. Mobile device charging revenues fell by 53.5% to RMB378.1 million, with direct model revenues at RMB155.2 million and network partner model revenues at RMB222.9 million. The company achieved a net loss of RMB0.3 million, compared to a net income of RMB10.8 million a year earlier. Despite a challenging market, Smart Share Global expanded its POI coverage to 1,245 thousand and increased cumulative registered users to 404.3 million. The company's shift to a network partner model is expected to yield long-term benefits but incurred one-off costs during the transition. Cash and cash equivalents stood at RMB3.3 billion (US$454.1 million) as of March 31, 2024.

Smart Share Global , also known as Energy Monster, announced that it will release its unaudited financial results for the first quarter of 2024 on June 3, 2024, before the U.S. market opens.

The company's management will host a conference call at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on the same day to discuss the results. Participants can join the conference call upon registration, with dial-in details provided after registration.

The earnings conference call will also be accessible via webcast. A telephone replay will be available until June 10, 2024, and an archived webcast will be available on the company's investor relations website.