Welcome to our dedicated page for D-Market Electronic Services & Trading news (Ticker: HEPS), a resource for investors and traders seeking the latest updates and insights on D-Market Electronic Services & Trading stock.
D-MARKET Electronic Services & Trading reports recurring updates as Hepsiburada, a Turkish e-commerce technology platform whose ADSs trade under HEPS. The company operates a hybrid model that combines first-party direct sales with a third-party marketplace, offering electronics and non-electronics merchandise and generating revenue from sales of goods, marketplace activity and other services.
Company announcements address unaudited financial results, order, GMV and revenue trends, and IFRS reporting adjusted under IAS 29 for hyperinflationary economies. Recurring business topics include Hepsipay digital wallets, general-purpose loans, buy now pay later, fulfillment, last-mile delivery, advertising, cross-border sales, payment services, affordability solutions, shareholder meetings, governance matters and ADR voting mechanics.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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.