Welcome to our dedicated page for Smart Share Global news (Ticker: EM), a resource for investors and traders seeking the latest updates and insights on Smart Share Global stock.
Smart Share Global Limited (Nasdaq: EM), also known as Energy Monster, is a consumer tech company that publicly reports on its mobile device charging service operations in China. Its news flow centers on operating metrics for its shared power bank network, financial performance, and significant corporate actions affecting its Nasdaq‑listed American depositary shares.
Company press releases regularly cover quarterly and annual results, including revenues by business model, the number of points of interest (POIs) where services are available, available-for-use power banks, cumulative registered users, and the share of POIs operated under the network partner model. These updates also discuss non‑GAAP adjusted net income and provide reconciliations to GAAP results.
Another major theme in EM news is corporate and capital markets activity. The company has reported receiving preliminary non‑binding going‑private proposals, the formation of a special committee of independent directors, the retention of financial and legal advisors, and the negotiation and signing of a definitive Agreement and Plan of Merger with an investor consortium. Subsequent releases describe the convening of an extraordinary general meeting, shareholder approval of the Merger Agreement and plan of merger, and the remaining conditions to closing.
Regulatory and listing developments also appear in the news stream. Smart Share Global Limited has disclosed a prior Nasdaq notice regarding minimum bid price non‑compliance and a later notification that it regained compliance with Nasdaq Listing Rule 5550(a)(2). For investors tracking EM, this news page brings together earnings announcements, operational updates on the charging network, and detailed disclosures on the proposed going‑private transaction and related SEC filings.
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.
Smart Share Global , also known as Energy Monster, announced on May 23, 2024, that it has regained compliance with Nasdaq's minimum bid price requirement of US$1.00 per share. The company had previously fallen below this threshold on June 22, 2023, which prompted Nasdaq to issue a non-compliance notice. Energy Monster was initially given 180 days to meet the requirement, followed by an additional 180-day extension, setting a deadline of June 17, 2024. The company's share price closed at or above US$1.00 for ten consecutive business days from May 8 to May 21, 2024, leading to the recent compliance notification from Nasdaq. The issue is now resolved.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Smart Share Global (EM)?
What is the market cap of Smart Share Global (EM)?
