D-Market Electronic Services & Trading Stock Price, News & Analysis

D-MARKET Electronic Services & Trading (Hepsiburada) announced that it has regained compliance with Nasdaq’s minimum bid price requirement of US$1.00 per share. This compliance was confirmed in a letter received on April 6, 2023, stating that for the preceding 10 consecutive business days, the closing bid price of its American depositary shares (ADSs) met or exceeded the required threshold. Nasdaq indicated that this matter is now resolved.

Hepsiburada operates as a major e-commerce platform in Türkiye, connecting over 55 million users with a vast range of products. The platform also emphasizes empowering women entrepreneurs through its initiatives, having supported approximately 42,000 women since 2017.

Hepsiburada (NASDAQ: HEPS) announced on March 22, 2023, that it received a notification from Nasdaq regarding non-compliance with the Minimum Bid Requirement of $1.00 for its American depositary shares (ADSs). The company has 180 days, until September 18, 2023, to regain compliance. This does not affect its current trading status or business operations. Hepsiburada, a leading Turkish e-commerce platform, serves over 55 million members and offers over 160 million SKUs across various categories. The company plans to take necessary measures to meet Nasdaq's requirements before the deadline.

D-MARKET Electronic Services & Trading (Hepsiburada) reported its unaudited financial results for Q4 and FY 2022. Key highlights include a 13.9% increase in gross merchandise value (GMV) to TRY 19.4 billion, and a 9.7% rise in revenue to TRY 5,535.2 million compared to Q4 2021. Active customers grew 8.1% to 12.2 million. Despite these gains, the company faced a net loss of TRY 546.1 million, contrasting with a net income of TRY 588.8 million in Q4 2021. EBITDA improved significantly, though it remained negative at TRY 245.9 million. For FY 2022, GMV rose 3.8%, and revenue increased by 6.8%. Free cash flow turned positive at TRY 1,059.3 million in Q4.

Hepsiburada, a prominent Turkish e-commerce platform (NASDAQ: HEPS), is set to release its unaudited financial results for Q4 and the full year ending December 31, 2022, on March 22, 2023, before U.S. market hours.

The company will hold a conference call and live webcast to discuss these results at 16:00 Istanbul time (13:00 London, 09:00 New York) on the same day. Hepsiburada's platform connects around 50 million members to over 145 million SKUs across various categories, highlighting its expansive marketplace.

Hepsiburada (NASDAQ: HEPS) assessed the impact of the February 6, 2023 earthquake in Türkiye on its operations. The company confirmed that none of its employees were affected, and key facilities remained intact. However, nine of its 190 cross-dock points require relocation, costing up to $200,000. The earthquake caused a temporary decline in customer demand, particularly from the affected regions, due to reduced traffic and a halt in marketing efforts. Hepsiburada has advanced payments to around 6,500 merchants from the impacted cities and has initiated a relief effort, donating 1.2 million products and managing logistics for donations. Further updates will be provided at the 2022 results announcement.

Hepsiburada, a prominent Turkish e-commerce platform, has launched a donation campaign to assist the victims of the 7.8 magnitude earthquake that struck southeastern Türkiye on February 6, 2023. In response to the disaster, Hepsiburada has implemented several initiatives, including facilitating the sale of 1.2 million aid products and the distribution of 115 million TRY worth of aid within just 8 days. The company has also introduced digital prepaid donation cards, allowing customers to contribute to NGOs and public bodies quickly. To broaden the relief efforts, Hepsiburada created a dedicated donation page for international donations, ensuring timely delivery of aid items.

D-MARKET Electronic Services & Trading (Hepsiburada) has announced it has regained compliance with Nasdaq's minimum bid price requirement of $1.00 per share. This achievement follows a period where the company's American depositary shares (ADSs) closed at or above the required price for 10 consecutive business days, effectively closing this compliance matter with Nasdaq. Hepsiburada is a prominent Turkish e-commerce platform, connecting around 50 million members with over 145 million products across various categories. The company supports both direct sales and a marketplace model with over 94,000 merchants.