Welcome to our dedicated page for Moatable news (Ticker: MTBLY), a resource for investors and traders seeking the latest updates and insights on Moatable stock.
Moatable, Inc. (MTBLY) is a leading SaaS provider specializing in enterprise software solutions for transportation management, real estate operations, and business process automation. This dedicated news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and strategic initiatives.
Our curated collection features official press releases, earnings reports, and operational updates directly from Moatable. Users can track essential announcements including product launches, strategic partnerships, and technology innovations that shape the company's position in the competitive SaaS landscape.
This resource serves as a centralized repository for monitoring Moatable's progress in key sectors like cloud-based accounting solutions and logistics optimization tools. Discover updates on leadership changes, regulatory filings, and market expansion efforts that impact the company's growth trajectory.
Bookmark this page for streamlined access to verified information about MTBLY's operational milestones. Check regularly for new developments in business process automation technologies and enterprise software advancements that drive digital transformation across industries.
Moatable (OTC: MTBLY) has reported strong financial results for Q4 and full-year 2024. The company achieved 27% revenue growth to $17.5 million in Q4 2024, while annual revenue increased 22% to $63.5 million. Gross profit saw a 23% increase to $13.2 million in Q4, with annual gross profit up 18% to $48.3 million.
The company significantly improved its operational efficiency, reducing its loss from operations by 95% to $0.2 million in Q4 2024, and by 75% to $3.0 million for the full year. Adjusted EBITDA turned positive, showing a 47% increase to $339,000 in Q4 and reaching $1.7 million for 2024, compared to a $4.8 million loss in 2023.
The company maintained positive operating cash flows for three consecutive quarters in 2024, though total cash and equivalents decreased to $31.9 million from $39.0 million year-over-year.
Moatable (MTBLY) has announced a special cash dividend of US$0.6057 per ADS (US$0.01346 per ordinary share), to be paid on March 27, 2025. The record date is set for March 17, 2025, at 5:00 p.m. Eastern Time.
Shareholders should note that Citibank, as the ADS depositary, will charge a distribution fee of US$0.05 per ADS, which will be deducted from the dividend amount. The ADSs will trade with due-bills through March 27, 2025, with the ex-dividend date set for March 28, 2025.
Moatable, which operates US-based SaaS businesses including Lofty and Trucker Path, will pay this special dividend from its current cash position. Each ADS represents 45 Class A ordinary shares and trades on the OTC Pink open market.
Moatable (OTC: MTBLY) reported strong Q3 2024 financial results, with revenue increasing 26% to $16.7 million compared to Q3 2023. Nine-month revenue grew 20% to $46.0 million. Gross profit rose 21% to $12.6 million in Q3. Operating loss improved 71% to $0.2 million, while Adjusted EBITDA increased 486% to a profit of $252 thousand. The company maintained strong liquidity with $38.4 million in cash and equivalents. Management highlighted continuous revenue growth over seven quarters and significant improvement in profitability metrics.
Moatable, Inc. (OTC: MTBLY) has announced that its subsidiary, Lofty Inc., has entered into a definitive stock purchase agreement to acquire The Letting Partnership (TLP), a UK-based company specializing in client accounting outsourcing for the lettings industry. The acquisition, valued at £3.5 million (approximately US$4.6 million) in cash, is expected to close by the end of 2024.
TLP currently manages over £30 million of rent monthly, providing comprehensive accounting services including deposit allocation, payment management, and invoice processing. Upon closing, TLP will become a majority-owned subsidiary of Moatable, with the seller, Jennifer Susan Gledhill, continuing as a consultant.
Moatable Inc. (OTC: MTBLY) reported strong financial results for Q2 2024, showcasing significant improvements in revenue and profitability. Key highlights include:
- Revenue increased 19% year-over-year to $15.3 million in Q2 2024
- Gross profit rose 15% to $11.8 million
- Loss from operations improved 83% to $0.5 million
- Adjusted EBITDA turned positive, reaching $0.8 million, a 146% improvement
The company's CFO, Scott Stone, expressed satisfaction with the steady revenue growth and emphasized the significant improvement in profitability. Moatable's cash position remained stable at $39.2 million as of Q2 2024 end.
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.
FAQ
What is the current stock price of Moatable (MTBLY)?
What is the market cap of Moatable (MTBLY)?
