Welcome to our dedicated page for Moatable news (Ticker: MTBL), a resource for investors and traders seeking the latest updates and insights on Moatable stock.
Moatable, Inc. (MTBL) delivers innovative SaaS solutions through its Lofty and Trucker Path platforms, serving logistics and enterprise sectors. This news hub provides investors and industry professionals with essential updates on corporate developments, financial milestones, and technological advancements.
Access real-time press releases covering earnings announcements, product innovations, leadership changes, and strategic partnerships. Our curated collection ensures you stay informed about MTBL's progress in cloud-based logistics tools and enterprise software solutions.
Discover updates across key operational areas including SaaS platform enhancements, transportation technology partnerships, and digital transformation initiatives. All content is verified through primary sources to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to MTBL's official communications. Combine regular monitoring with SEC filings and market analysis for comprehensive investment research.
Moatable announced its Q1 2024 financial results, reporting a 15% increase in revenue to $14.0 million and a 14% increase in gross profit to $10.7 million. The company's loss from operations improved significantly by 67%, reducing from $3.4 million in Q1 2023 to $1.1 million in Q1 2024. Adjusted EBITDA turned positive, showing $250 thousand compared to a $2.6 million loss in Q1 2023. The company ended the quarter with $39.0 million in cash and cash equivalents. Michael Schifsky, interim CFO, highlighted the steady revenue growth and improved profitability on an Adjusted EBITDA basis as key achievements.
Moatable, Inc. announced the appointment of Mr. Grant Moon, a veteran with extensive experience in real estate and fintech industries, to its Board of Directors. Mr. Moon's background includes founding and leading successful financial technology companies and serving in the US Army. His expertise is expected to enhance Moatable's strategic direction and operations.
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