Workflow
HELBIZ(HLBZ)
icon
Search documents
HELBIZ(HLBZ) - 2025 Q3 - Quarterly Report
2025-11-12 21:25
Revenue and Operations - For the three months ended September 30, 2025, revenue from related parties increased by 35% to $610,000 compared to $451,000 in the same period of 2024[136]. - Revenues from discontinued operations for the nine months ended September 30, 2025, decreased by 71% to $339,000 from $1,156,000 in the same period of 2024[141]. - The Company recorded $610 and $1,563 as IT Services Revenues - Related Party for the three and nine months ended September 30, 2025, respectively[174]. Financial Performance - The net loss from continuing operations for the nine months ended September 30, 2025, was $1,434,000, a significant improvement from a loss of $6,352,000 in the same period of 2024[136]. - Non-operating income (expenses), net from continuing operations decreased by 166% or $1,508 comparing the three months ended September 30, 2025 with the three months ended September 30, 2024[154]. - The Company recorded a gain of $260 on extinguishment/issuance of financial debts related to the amendment of the 2025 Convertible note[158]. Expenses - Total operating expenses for the three months ended September 30, 2025, were $830,000, slightly higher than $807,000 in the same period of 2024[136]. - General and administrative expenses from continuing operations decreased by 16% to $418,000 for the three months ended September 30, 2025, down from $500,000 in 2024[151]. - The cost of revenues from continuing operations increased by 34% to $412,000 for the three months ended September 30, 2025, compared to $307,000 in 2024[147]. - The total cost of revenues from discontinued operations decreased by 86% to $35,000 for the three months ended September 30, 2025, from $259,000 in 2024[149]. - General and Administrative expenses from discontinued operations decreased by $347 or 91% from $381 for the three months ended September 30, 2024, to $34 for the three months ended September 30, 2025[153]. - Interest expenses decreased by $660, or 81%, from $814 for the three months ended September 30, 2024, to $154 for the three months ended September 30, 2025[155]. Financial Position - Total Financial Liabilities, net as of September 30, 2025, amounted to $11,308 for continuing operations and $15,639 for discontinued operations[166]. - As of September 30, 2025, the Company had cash and cash equivalents of $15[161]. - The Company recorded short-term financial liabilities amounting to $2,454 related to a court judgment awarded to Bernheim Investment Fund SICAV[180]. - The Company is in default for non-payment under the terms of the Secured Convertible loan, Promissory notes, and Unsecured loans as of September 30, 2025[166]. Legal and Settlement - The Company agreed to settle the judgment with Bernheim for a payment of €1,075, which has been paid[180]. - The range of potential loss for certain claims is estimated between $0 to $300[181]. Accounting and Compliance - The Company's financial statements are prepared in accordance with U.S. GAAP, requiring estimates and assumptions that may affect reported amounts[182]. - No critical accounting estimates were identified that would materially impact the financial condition or results of operations[183]. - The Company currently has no off-balance sheet arrangements as defined by SEC regulations[184]. - There are no applicable quantitative and qualitative disclosures about market risks[185]. Business Strategy - The company entered into Securities Purchase Agreements to sell its mobility and media businesses due to high costs and cash burn[128]. - The company shifted its core business focus from micromobility and media services to software services during 2024[126]. - The Company plans to fund operations and expansion through debt and equity financing for the next twelve months[162]. - As of September 30, 2025, the Company had 92,214,637 Class A Common Shares outstanding[167].
HELBIZ(HLBZ) - 2025 Q1 - Quarterly Report
2025-05-20 20:10
Financial Performance - Revenues from continuing operations increased by 276% from $127,000 in Q1 2024 to $477,000 in Q1 2025[111] - Total operating expenses decreased by 52% from $1,405,000 in Q1 2024 to $675,000 in Q1 2025[106] - Net loss from continuing operations improved from $3,410,000 in Q1 2024 to $378,000 in Q1 2025[107] - Revenues from discontinued operations decreased by 24% from $444,000 in Q1 2024 to $339,000 in Q1 2025[115] Cost Management - Cost of revenues from continuing operations increased by 85% from $175,000 in Q1 2024 to $323,000 in Q1 2025, primarily due to a 103% increase in IT developer payroll[118] - Cost of revenues from discontinued operations decreased by 92% from $908,000 in Q1 2024 to $73,000 in Q1 2025[119] - General and administrative expenses from continuing operations decreased by 71% from $1,230,000 in Q1 2024 to $352,000 in Q1 2025[121] - Interest expenses from continuing operations decreased by 78% from $806,000 in Q1 2024 to $179,000 in Q1 2025[125] Business Strategy - The company shifted its core business focus from micromobility and media services to software services in 2024[98] - The company entered into Securities Purchase Agreements to sell its mobility and media businesses due to high costs and cash burn[100] - The company entered into a Stock Purchase Agreement with Palella Holdings LLC to sell 100% of its European entities, contingent on court approval or a waiver from a note holder[140] Financial Position - As of March 31, 2025, the company had cash and cash equivalents of $100 and a Standby Equity Purchase Agreement allowing the sale of up to $25 million in shares over 36 months[130] - The company's total financial liabilities increased by 4% or $851, from $23,851 to $24,702, primarily due to interest expenses for the three months ended March 31, 2025[135] - The company is in default for non-payment under the terms of its Secured Convertible loan, Promissory Note, and Unsecured loans, with a judgment against it for approximately $2,454[136] - The company has a total of $10,612 in current financial liabilities and $14,090 in discontinued operations as of March 31, 2025[134] - As of March 31, 2025, the company had 92,214,637 common shares outstanding and 3,712 total warrants, restricted stocks, and stock options[138] Future Outlook - The company plans to continue funding operations and expansion through debt and equity financing for the next twelve months[131] Accounting and Compliance - The company has no off-balance sheet arrangements as defined by SEC regulations[156] - The company has not identified any critical accounting estimates that would materially impact its financial condition or results of operations[155] - The company recorded $326 in IT Services Revenues from related-party transactions during the three months ended March 31, 2025[145]
HELBIZ(HLBZ) - 2024 Q4 - Annual Report
2025-04-15 21:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from __________ to __________ Commission File Number: 001-39136 micromobility.com, Inc. (Exact name of registrant specified in its charter) Delaware 84-3015108 (State or Other Juris ...
HELBIZ(HLBZ) - 2024 Q3 - Quarterly Report
2024-11-19 21:15
Revenue Performance - Total net revenue from continuing operations decreased by $450, or 37%, from $1,225 for the three months ended September 30, 2023, to $775 for the three months ended September 30, 2024[122]. - European Mobility revenues decreased by $601, or 65%, from $918 for the three months ended September 30, 2023, to $317 for the three months ended September 30, 2024[124]. - Media revenues decreased by $234, or 97%, from $241 for the three months ended September 30, 2023, to $7 for the three months ended September 30, 2024[126]. - Total net revenue from discontinued operations decreased by $328, or 100%, from $329 for the three months ended September 30, 2023, to $1 for the same period in 2024[123]. Operating Expenses - Total operating expenses for the three months ended September 30, 2024, were $1,359, a decrease from $6,724 for the same period in 2023[119]. - Cost of revenue from continuing operations decreased by $830, or 63%, for the three months ended September 30, 2024, compared to the same period in 2023[128]. - Mobility cost of revenues decreased by $584 or 81% for the three months ended September 30, 2024, and $5,034 or 91% for the nine months ended September 30, 2024, primarily due to the closure of multiple locations in Italy[130]. - Other cost of revenues decreased by $201 or 40% for the three months ended September 30, 2024, and $1,456 or 62% for the nine months ended September 30, 2024[131]. - General and administrative expenses from continuing operations decreased by $3,944 or 82% for the three months ended September 30, 2024, and $10,476 or 66% for the nine months ended September 30, 2024[134]. - Sales and marketing expenses from continuing operations decreased by $112 or 93% for the three months ended September 30, 2024, and $1,070 or 95% for the nine months ended September 30, 2024[136]. - Research and development expenses were recorded at $480 for the three months ended September 30, 2024, reflecting a reclassification of IT expenses[138]. Net Loss and Income - Net loss from continuing operations was $1,658 for the three months ended September 30, 2024, compared to a loss of $7,456 for the same period in 2023[119]. - Total non-operating income (expenses), net from continuing operations decreased by $872 or 45% for the three months ended September 30, 2024, and by $6,494 or 85% for the nine months ended September 30, 2024[139]. - The Company recorded a gain of $7,596 from the sale of Wheels, which was completed on August 19, 2024[147]. Financial Position - As of September 30, 2024, the Company had cash and cash equivalents of $141[151]. - As of September 30, 2024, total financial liabilities increased by 15% to $16,973 million from $14,784 million as of December 31, 2023[154]. - The company has $2,454 million in outstanding principal related to an unsecured note that is in default, with accumulated interest recorded as short-term financial liabilities[156]. - Operating lease liabilities decreased from $623 million as of December 31, 2023, to $170 million as of September 30, 2024, following the exit from most lease agreements[160]. - Future minimum lease payments for operating leases are projected to be $20 million for the year ending December 31, 2024[161]. - The company recorded $4,290 million in accruals for legal contingencies as of September 30, 2024, up from $3,978 million as of December 31, 2023[173]. - The company has outstanding securities totaling 92,214,637 Class A common shares and 3,712 warrants, restricted stocks, and stock options as of September 30, 2024[162]. Legal and Settlement Matters - The company entered into a settlement agreement with LNPB, agreeing to pay $5,392 million to satisfy obligations under terminated agreements[170]. - The company is involved in legal claims with previous investors, with potential losses estimated between $0 to $7,120 million[177]. Related Party Transactions - The company recorded $451 and $975 as Other Revenues - Related Party for the three and nine months ended September 30, 2024, respectively[127]. - During the nine months ended September 30, 2024, the company issued invoices amounting to $6,814 million for services to be rendered under a service supply agreement with Everli S.p.A.[164]. - The company repaid $557 million in cash and $705 million by issuing shares to Palella Holdings LLC, a related party[166]. Operational Changes - The company suspended mobility operations in the United States and sold 100% of the equity interest of Wheels Lab, Inc. on August 19, 2024[114].
HELBIZ(HLBZ) - 2024 Q2 - Quarterly Report
2024-07-17 20:20
Revenue Performance - Total net revenue decreased by $2,708, or 77%, from $3,495 for the three months ended June 30, 2023, to $787 for the three months ended June 30, 2024[103]. - Mobility revenues decreased by $1,314, or 78%, from $1,694 for the three months ended June 30, 2023, to $380 for the three months ended June 30, 2024[104]. - Media revenues decreased by $1,514, or 100%, from $1,521 for the three months ended June 30, 2023, to $7 for the three months ended June 30, 2024[106]. Operating Expenses - Total operating expenses decreased by $33,399, or 93%, from $35,897 for the three months ended June 30, 2023, to $2,498 for the three months ended June 30, 2024[101]. - General and administrative expenses decreased by $4,029, or 77%, from $5,239 for the three months ended June 30, 2023, to $1,210 for the three months ended June 30, 2024[111]. - Sales and marketing expenses decreased by $614, or 66%, from $925 for the three months ended June 30, 2023, to $311 for the three months ended June 30, 2024[113]. - Cost of revenue decreased by $11,545, or 92%, from $12,522 for the three months ended June 30, 2023, to $977 for the three months ended June 30, 2024[109]. Strategic Actions - The company closed multiple locations in Italy and the United States as part of its strategy to reduce operating cash[105]. - The company expects additional revenues from an agreement with Everli S.p.A. for software development services during 2024[108]. - The company reclassified IT expenses from research and development to cost of revenues, impacting reported expenses for the periods[115]. Financial Income and Expenses - Non-operating income (expense), net decreased by 109% or $1,944 from $(1,783) for the three months ended June 30, 2023, to $161 for the three months ended June 30, 2024[117]. - Interest expenses decreased by $1,025, or 55%, from $1,865 for the three months ended June 30, 2023, to $840 for the three months ended June 30, 2024[118]. - Gain on extinguishment of financial debts amounted to $822 for the six months ended June 30, 2024, primarily from the settlement of an unsecured note and a conversion agreement[119]. - SEPA financial expenses, net decreased by $2,601, or 96%, from $2,703 for the six months ended June 30, 2023, to $102 for the six months ended June 30, 2024[120]. - Other income (expenses), net increased by $761, or 521%, from $146 for the three months ended June 30, 2023, to $907 for the three months ended June 30, 2024[121]. Financial Position - Total financial liabilities, net increased by 10% or $1,542 from $15,370 as of December 31, 2023, to $16,912 as of June 30, 2024[134]. - As of June 30, 2024, cash and cash equivalents were $162, indicating a need for additional capital to fund operations and expansion[131]. - The Company has outstanding principal of $1,638 related to a related-party promissory note as of June 30, 2024[146]. - The Company recorded accruals for legal contingencies of $5,829 as of June 30, 2024, compared to $3,978 as of December 31, 2023[150]. - Future annual minimum lease payments total $824 as of June 30, 2024[138]. Legal Contingencies - As of June 30, 2024, the company recorded $41 in general and administrative expenses for legal contingencies, compared to $365 in the same period of 2023[152]. - The range of loss for the company's legal contingencies accrued is between $660 million to $10,033 million, reflecting amounts settled and claimed, excluding insurance coverage[153]. - The company has recorded $2,250 million as legal contingencies for a specific claim related to a breach of contract lawsuit[152]. - The company is involved in claims where potential losses are estimated between $0 to $3,050 million, which are not considered reasonably estimable[153]. - A status conference regarding a significant lawsuit is scheduled for September 2024, with ongoing settlement discussions[152]. Accounting and Compliance - The company qualifies as an "emerging growth company" and has opted to use an extended transition period for complying with new accounting standards[156]. - There are no off-balance sheet arrangements currently in place for the company[157]. - The company did not identify any critical accounting estimates that would materially impact its financial condition or results of operations[155]. - The company’s financial statements are prepared in accordance with U.S. GAAP, requiring estimates and assumptions that may affect reported amounts[154]. - The company is involved in various lawsuits related to the classification of individuals as independent contractors rather than employees[152].
HELBIZ(HLBZ) - 2024 Q1 - Quarterly Report
2024-05-20 20:43
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 84-3015108 (I.R.S. Employer Identification No.) 500 Broome St., New York, NY 10013 For the quarter ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (State or other jurisdiction of incorporation or organization) Commission f ...
HELBIZ(HLBZ) - 2023 Q4 - Annual Report
2024-04-16 20:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from __________ to __________ Commission File Number: 001-39136 micromobility.com, Inc. (Exact name of registrant specified in its charter) Delaware 84-3015108 (State or Other Juris ...
HELBIZ(HLBZ) - 2023 Q3 - Quarterly Report
2023-11-14 21:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39136 micromobility.com, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 84-3015108 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SEC ...
HELBIZ(HLBZ) - 2023 Q2 - Quarterly Report
2023-08-14 21:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39136 micromobility.com, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 84-3015108 (State or other jurisdiction of inc ...
HELBIZ(HLBZ) - 2023 Q1 - Quarterly Report
2023-05-22 21:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39136 micromobility.com, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incorporation or organ ...