Revenue Performance - Total revenue decreased by $863, or 20%, for the three months ended June 30, 2023, compared to the same period in 2022, and decreased by $256, or 3%, for the six months ended June 30, 2023 [117]. - Mobility revenues decreased by $1,021, or 24%, in the six months ended June 30, 2023, compared to the same period in 2022, and decreased by $1,022, or 38%, for the three months ended June 30, 2023 [118]. - Media revenues increased by $463, or 15%, in the six months ended June 30, 2023, compared to the same period in 2022, and increased by $32, or 2%, for the three months ended June 30, 2023 [119]. Operating Expenses and Losses - Total operating expenses increased to $35,897 for the three months ended June 30, 2023, compared to $20,756 for the same period in 2022, representing a 73% increase [116]. - Net loss for the three months ended June 30, 2023, was $34,219, compared to a net loss of $19,740 for the same period in 2022, reflecting a 73% increase in losses [116]. - Cost of revenues increased by $2,254, or 22%, for the three months ended June 30, 2023, compared to the same period in 2022 [122]. Cost Management - Mobility cost of revenues for the three months ended June 30, 2023, was $5,019, down from $7,220 in the same period in 2022, a decrease of 44% [121]. - Sales and marketing expenses decreased by $2,490 or 73% in Q2 2023 compared to Q2 2022, and by $3,849 or 64% in the first half of 2023 compared to the same period in 2022 [126][128]. - General and Administrative expenses decreased by $1,197 or 19% in Q2 2023 compared to Q2 2022, and by $1,644 or 13% in the first half of 2023 compared to the same period in 2022 [131]. Future Outlook - The Company anticipates a decrease in media revenues in future periods due to the early termination of agreements with LNPB, which will impact commercialization of media rights [120]. - The Company aims to achieve cash positivity by reducing operating cash used in the micro-mobility business, resulting in the closure of some operating markets [118]. Financial Liabilities and Equity - As of June 30, 2023, the total financial liabilities of the company amounted to $31,877 million, with $25,156 million classified as current financial liabilities [155]. - The company partially repaid $9,228 million of the 2022 Convertible Notes during the six months ended June 30, 2023, including $8,047 million in principal [158]. - The company issued 103,689 Class A Common Shares in satisfaction of conversion requests totaling $1,296 million in principal and interest during the same period [159]. Cash Flow and Financing - Net cash used in operating activities was $21,836 for the six months ended June 30, 2023, compared to $23,206 for the same period in 2022 [149]. - Cash and cash equivalents as of June 30, 2023, were $512, excluding restricted cash of $688 [147]. - The Company plans to continue funding operations and expansion through debt and equity financing for the next twelve months [148]. Impairments and Adjustments - The Company recorded an impairment of Goodwill amounting to $13,826 and Intangible assets of $2,619, totaling $16,444 for the six months ended June 30, 2023 [135][132]. - Interest expenses increased by $353 or 23% in Q2 2023 compared to Q2 2022, and by $74 or 2% in the first half of 2023 compared to the same period in 2022 [137]. - The company adopted ASU 2016-13 effective January 1, 2023, which requires a current expected credit loss methodology for measuring impairments of certain financial assets [187]. Shareholder Actions - The CEO converted $78 million of deferred salaries into 13,000 Class A Common Shares during the six months ended June 30, 2023 [175]. - The 2023 SEPA Convertible Note has a principal amount of $4,500 million with a maturity date of September 15, 2023, and a fixed conversion price of $25 [162]. Operational Highlights - The number of Quarterly Active Platform Users (QAPUs) is used to assess platform adoption and transaction frequency [141]. - The Company provided sharing electric mobility services in multiple cities across Italy and the United States during the six months ended June 30, 2023 [145]. - The company recorded a gain of $637 million for waiving overdue invoices related to the leasing of 2,950 E-scooters [165]. - Future annual minimum lease payments as of June 30, 2023, are projected to total $2,044 million for operating leases and $488 million for finance leases [167]. - The company has a total of $11,269 million in overdue invoices related to media rights agreements following the early termination of agreements with LNPB [171].

Revenue Performance - Net revenue for the three months ended March 31, 2023, was $3,919,000, an increase of 18% compared to $3,312,000 for the same period in 2022[109]. - Mobility revenues remained flat at $1,578,000 for both periods, with a slight decrease in active markets and trips[110]. - Media revenues increased by $430,000, or 26%, driven by a rise in live subscribers from $310,000 to $685,000[111]. Operating Expenses - Total operating expenses decreased to $19,381,000 from $21,362,000, a reduction of 9% year-over-year[108]. - Sales and marketing expenses decreased by $1,359,000, or 52%, due to the termination of consultancy agreements and reduction of marketing staff[117]. - Research and development expenses increased by $99,000, or 13%, reflecting ongoing investments in the in-house Global IT engineering team[118]. - General and administrative expenses decreased by $449,000, or 7%, primarily due to a reduction in stock-based compensation[119]. Non-Operating Expenses - Total non-operating expenses increased by 204% to $4,088,000, mainly due to SEPA financial expenses and a significant decrease in the fair value of warrant liabilities[120]. Stock and Financial Position - The company executed a one-for-fifty reverse stock split on March 30, 2023, to improve stock price and market perception[104]. - As of March 31, 2023, the company reported cash and cash equivalents of $647 million, excluding restricted cash of $310 million[131]. - The company entered into two Standby Equity Purchase Agreements (SEPA) in January and March 2023, allowing it to sell up to $70 million of its Class A Common Stock over 24 months[133]. - Total financial liabilities as of March 31, 2023, amounted to $35.837 million, with $28.956 million classified as current financial liabilities[138]. Cash Flow - For the three months ended March 31, 2023, the company experienced a net cash used in operating activities of $12.886 million, an improvement from $16.539 million in the same period of 2022[133]. Investments and Services - During the three months ended March 31, 2023, the company invested $356 million in property, equipment, and intangible assets[136]. - The company provided sharing electric mobility services in 13 cities across Italy and 10 cities in the United States during the three months ended March 31, 2023[129]. Loss and Expenses - The company reported a net loss of $19.554 million for the three months ended March 31, 2023[134]. - The company recorded content licensing expenses of $4.070 million for the three months ended March 31, 2023[152]. - Media rights-related accounts payable stood at $7.913 million as of March 31, 2023, with future minimum payments related to media rights agreements totaling $27.202 million[150][152]. Lease Obligations - The company has future annual minimum lease payments of $2.450 million for operating leases and $2.046 million for finance leases as of March 31, 2023[145]. Regulatory and Accounting Matters - The company is classified as an "emerging growth company" under the JOBS Act, allowing it to take advantage of certain reporting exemptions[158]. - The company has elected to use the extended transition period for new or revised financial accounting standards, which may complicate financial statement comparisons with other public companies[159]. - There are currently no off-balance sheet arrangements reported by the company[160]. - The company adopted ASU 2016-13 regarding credit losses effective January 1, 2023, with no material impact on its financial statements[161].

Revenue Performance - Helbiz's net revenue increased by $2,704, or 21%, from $12,834 in 2021 to $15,538 in 2022, primarily driven by a rise in media revenues and other revenues [350]. - Mobility revenues decreased by $1,477, or 15%, from $9,907 in 2021 to $8,430 in 2022, attributed to a 16% reduction in trips [351][352]. - Media revenues surged by 135%, reaching $6,507 in 2022, compared to $2,770 in 2021, marking the first full year of activity for this business line [350][354]. Operating Expenses - Total operating expenses rose by $17,079, or 24%, from $71,958 in 2021 to $89,037 in 2022, largely due to the full-year impact of the media business [348][357]. - Research and development expenses decreased by $85, or 3%, from $2,826 in 2021 to $2,741 in 2022 [361]. - Sales and marketing expenses fell by $2,163, or 20%, from $10,875 in 2021 to $8,712 in 2022, due to reduced stock-based compensation and expired consultancy agreements [362]. - General and administrative expenses increased by $1,158, or 5%, from $24,411 in 2021 to $25,569 in 2022, driven by professional fees related to the business combination with Wheels Lab Inc. [363]. Net Loss and Financial Position - The company recorded a net loss of $82,074 in 2022, compared to a net loss of $71,971 in 2021 [348]. - The company recorded a net loss of $82,074 for the year ended December 31, 2022, with cash used in operating activities amounting to $43,095 [388]. - Cash and cash equivalents as of December 31, 2022, were $429, excluding restricted cash [379]. - As of December 31, 2022, total financial liabilities were $40,418, a decrease from $45,126 in 2021 [393]. Business Developments - The business combination with Wheels Labs, Inc. was completed on November 18, 2022, enhancing Helbiz's micro-mobility offerings [341]. - The company expanded its e-scooter business by opening in Orlando (Florida) and Charlotte (North Carolina) in 2022 [374]. Financing Activities - Financing activities provided $29,595 of cash in 2022, with net proceeds from the issuance of financial liabilities generating $31,660 [391]. - The company plans to continue funding operations and expansion through debt and equity financing, with a Standby Equity Purchase Agreement allowing for the sale of up to $70,000 in shares over 24 months [381]. - The Company entered into a Standby Equity Purchase Agreement allowing the sale of up to $13,900 of Class A Common Stock over 24 months [419]. Share and Warrant Transactions - The 2021 convertible notes were fully converted into 38,230,442 Class A Common Shares, totaling $31,007, including $30,000 principal and $1,007 accumulated interest [397]. - During 2022, the Company received cumulative proceeds of $23,000 from three Securities Purchase Agreements, issuing 150,000 shares of Class A common stock and 1,000,000 Warrants [398]. - The 2022 convertible notes have been partially converted into 68,145,671 Class A Common Shares, totaling $12,778, including $12,485 principal and $293 accumulated interest [400]. - The SEPA Convertible Note issued on December 1, 2022, had a principal amount of $5,000 with a 10% issuance discount and a conversion price fixed at $0.50 [402]. - As of December 31, 2022, the Company had 161,922,116 Class A Common Shares and 14,225,898 Class B Common Shares outstanding [412]. - During the year ended December 31, 2022, the Company delivered Advance Notices for the sale of 23,100,000 Class A Common Shares, resulting in gross proceeds of $3,792 [422]. Lease and Legal Matters - Future annual minimum lease payments as of December 31, 2022, total $3,934, including $1,314 for operating leases and $2,620 for finance leases [411]. - The Company assumed various claims and legal proceedings related to the Wheels business, including lawsuits involving California Labor Code violations [428]. - As of December 31, 2022, the Company has accrued $2,710 in Other Current liabilities for estimated costs associated with ongoing legal matters [429]. Revenue Recognition - The Company generates revenue from two segments: Mobility and Media, with Mobility revenues related to electric vehicle rentals and Media revenues from international distribution of media content [433][434]. - Mobility revenues are recognized upon completion of each ride for single-use rentals, while subscription revenues are recognized evenly over the rental period, typically one month or less [437]. - Media revenues consist of three sub-categories: commercialization of media rights (B2B), live subscriptions (B2C), and advertising fees, with revenues recognized ratably over the licensing period [446][449]. Accounting Policies - The Company adopted ASC 842 for leases as of January 1, 2022, and elected not to separate lease and non-lease components for all leases [450]. - The Company records right-of-use assets and lease liabilities at the present value of lease payments, with lease costs recognized on a straight-line basis over the lease term [456]. - Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets acquired, tested for impairment annually [461]. - Intangible assets are amortized on a straight-line basis over estimated useful lives ranging from one to five years, primarily consisting of operating permits and licenses [462]. - The Company reviews long-lived assets for impairment whenever events indicate that the carrying amount may not be recoverable, measuring recoverability against future undiscounted cash flows [464]. Fair Value Measurements - The fair value of financial instruments is determined using a hierarchy of inputs, with Level 1 being quoted prices in active markets and Level 3 being unobservable inputs [465]. - The company has classified certain warrants from Level 3 to Level 1 in the fair value hierarchy, now valuing them based on active market prices [470]. - The fair value of common stock and temporary equity is determined using a third-party valuation specialist, considering factors such as comparable company valuations and the company's financial performance [471]. Regulatory Status - The company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new accounting standards until it no longer meets this status [472]. - There are no off-balance sheet arrangements currently or during the presented periods [473].

Helbiz, Inc. (HLBZ) Q3 2022 Earnings Conference Call November 14, 2022 5:00 PM ET Company Participants Gary Dvorchak - Investor Relations, Managing Director of The Blueshirt Group Salvatore Palella - Founder & Chief Executive Officer Jonathan Hannestad - Chief Operating Officer Giulio Profumo - Chief Financial Officer Conference Call Participants Operator Thank you for standing by, and welcome to the Helbiz Third Quarter and Nine Months 2022 Earnings Conference Call. Currently, all participants are in liste ...

Financial Data and Key Metrics Changes - Revenue for Q2 2022 was $4.4 million, representing a 46% increase year-over-year and a 32% increase compared to Q1 2022 [7][13] - Mobility revenue contributed 62% of total revenue, growing 72% sequentially due to increased fleet size and seasonal factors [14] - Cost of revenue for mobility decreased by 17%, while total operating expenses doubled compared to last year [16][17] Business Line Data and Key Metrics Changes - Mobility segment showed strong growth with quarterly active platform users up 90% sequentially and 47% year-over-year [14] - Media revenue contributed 34% of total revenue, primarily from media rights and Helbiz Live subscriptions [15] - Helbiz Kitchen revenue nearly doubled sequentially as awareness of the service increased [15] Market Data and Key Metrics Changes - As of June 30, 2022, Helbiz owned 50 licenses in 38 cities across the U.S. and Europe, with expansion plans in Tampa, Michigan, and Miami-Dade [8] - Internationally, Helbiz expanded into Australia and partnered with local entities to enhance service offerings [9] Company Strategy and Development Direction - The company is focused on achieving profitable operations and margin expansion while controlling costs [6][24] - Helbiz introduced taxi hailing to its app, enhancing its mobility offerings in a capital-light manner [10][24] - A letter of intent was signed to acquire Wheels, indicating a strategy for growth through acquisitions [9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged headwinds from supply chain issues and inflation but expressed confidence in achieving revenue growth [13] - The company expects Q3 revenue to increase sequentially due to higher fleet utilization from seasonal factors and reiterated its goal for 2022 revenue to double [22] Other Important Information - Helbiz completed a $5 million financing as part of a planned green bond issue, reflecting its commitment to sustainability [11] - The company is investing in safety technologies, including the HelmetChecker feature for real-time helmet verification [10] Summary of Q&A Session - No Q&A session was conducted during this conference call [27]

Revenue Performance - Total revenue increased by $1,367, or 46%, for the three months ended June 30, 2022, compared to the same period in 2021, and increased by $3,673, or 92%, for the six months ended June 30, 2022[123]. - Mobility revenues decreased by $266, or 9%, from $2,982 for the three months ended June 30, 2021, to $2,716 for the three months ended June 30, 2022, but increased by $296, or 7%, in the six months ended June 30, 2022, compared to the same period in 2021[124]. - Media revenues generated $1,489 and $3,145 during the three and six months ended June 30, 2022, respectively, marking a 100% increase due to the launch of a new business line[126]. Operating Expenses - Total operating expenses increased by $10,182, or 96%, for the three months ended June 30, 2022, compared to the same period in 2021, and by $21,375, or 103%, for the six months ended June 30, 2022[120]. - Cost of revenues increased by $4,195, or 69%, for the three months ended June 30, 2022, and by $11,029, or 104%, for the six months ended June 30, 2022, compared to the same periods in 2021[127]. - General and administrative expenses increased by $3,798 or 144% for the three months ended June 30, 2022, compared to the same period in 2021, and by $6,523 or 99% for the six months ended June 30, 2022[130]. - Sales and marketing expenses rose by $2,140 or 168% for the three months ended June 30, 2022, and by $3,605 or 150% for the six months ended June 30, 2022, compared to the same periods in 2021[132]. - Research and development expenses increased to $638 for the three months ended June 30, 2022, compared to $588 in the same period in 2021, reflecting ongoing investment in new technologies[120]. - Research and development expenses increased by $50 or 9% for the three months ended June 30, 2022, and by $218 or 19% for the six months ended June 30, 2022, compared to the same periods in 2021[134]. - Interest expenses surged by $946 or 167% for the three months ended June 30, 2022, and by $2,428 or 228% for the six months ended June 30, 2022, compared to the same periods in 2021[137]. Financial Position - As of June 30, 2022, cash and cash equivalents amounted to $2,480, excluding restricted cash of $110[141]. - Net cash used in operating activities was $23,206 for the six months ended June 30, 2022, compared to $10,613 for the same period in 2021[144]. - As of June 30, 2022, total financial liabilities, including capital leases and liability warrants, amounted to $48,364[152]. - The company incurred a loss on extinguishment of debt amounting to $2,065 for the three and six months ended June 30, 2022[139]. - The company plans to continue funding operations and expansion through debt and equity financing over the next twelve months[143]. Lease and Contractual Obligations - The company entered into non-cancellable capital lease agreements for 3,750 eScooters and R&D equipment, with a total present value of obligations amounting to $2,792, of which $2,649 is related to eScooters and $143 to R&D equipment[159]. - Lease expenses under capital leases were recorded as interest expenses of $83 for the three months and $112 for the six months ended June 30, 2022[160]. - Future minimum lease payments for capital leases total $3,045, with $2,193 due in 2022 and $777 in 2023[161]. - The company has entered into media rights agreements requiring total minimum payments of $40,895, with $12,501 due in 2022 and $18,672 in 2023[165]. - Content licensing expenses recorded as Cost of Revenues were $4,660 for the three months and $10,923 for the six months ended June 30, 2022[165]. - The company has a sponsorship agreement with Miami FC, with future minimum payments totaling $1,175, including $525 in 2022 and $650 in 2023[167]. Company Classification and Accounting - The company is classified as an "emerging growth company," allowing it to take advantage of certain exemptions from reporting requirements[170]. - There are no off-balance sheet arrangements currently in place[172]. - The company evaluates its estimates and assumptions on an ongoing basis, which may affect reported amounts of assets and liabilities[168]. - The company has adopted recent accounting pronouncements as detailed in its financial statements[173]. User Engagement - Active platform users (QAPUs) and completed trips increased in all analyzed periods, indicating growth in user engagement[124]. - The company operates in multiple active markets, with significant presence in both the U.S. and Italy, enhancing its market expansion strategy[116]. Currency Impact - The general strengthening of the U.S. dollar against the Euro negatively impacted mobility revenue, with potential increases of $225 and $335 if prior year's exchange rates were used[125].

Financial Data and Key Metrics Changes - Revenue more than tripled compared to Q1 2021, driven by growth in Mobility and Media contributions [4][10] - Mobility generated 48% of total revenue, with significant growth in new cities in the U.S. and Italy [10] - Quarterly active platform users increased by 66%, and total trips rose by 58% [11] - Unlimited subscriptions grew by 76%, indicating strong customer interest in bundled services [11] - Operating expenses doubled, primarily due to business growth and increased marketing efforts [12] Business Line Data and Key Metrics Changes - Mobility business showed substantial revenue growth, contributing significantly to overall revenue [10] - Media business became a key growth engine, accounting for nearly half of the revenue, with Helbiz Live subscriptions making up about 20% of revenue [11][12] Market Data and Key Metrics Changes - The company is expanding its services into new communities across the U.S., Europe, and Asia Pacific [4] - Partnerships with Google Maps and other platforms are enhancing visibility and accessibility of Helbiz services [6] Company Strategy and Development Direction - The company is focused on organic growth and exploring M&A opportunities to expand its fleet and services [5] - Plans to capitalize on the recovery of demand to pre-pandemic levels by increasing vehicle deliveries in various cities [14] - The company aims to double its revenue in 2022 compared to the previous year, reflecting growing ride utilization and city expansion [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of the micro-mobility sector despite challenges like inflation and rising gas prices [8] - The company is well-positioned to take advantage of the increasing adoption of environmentally friendly transportation alternatives [14] Other Important Information - The company secured an additional $10 million in funding to support its growth objectives [4][13] - A financial lease agreement for approximately 3,000 e-Scooters became effective in March 2022 [13] Q&A Session Summary - The Q&A session concluded without specific questions being documented, indicating a focus on the presentation rather than audience inquiries [16]

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, 2022 ☐ 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 Helbiz, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 84-3015108 (State or other jurisdiction of incorporation ...

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, 2021 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 HELBIZ, INC. (Exact name of registrant specified in its charter) Delaware 84-3015108 (State or Other Jurisdiction of ...

Helbiz, Inc. (HLBZ) Q3 2021 Earnings Conference Call November 15, 2021 4:30 PM ET Company Participants Gary Dvorchak - The Blueshirt Group Salvatore Palella - Founder, Chairman & CEO Giulio Profumo - CFO & Director Conference Call Participants Operator Thank you for standing by, and welcome to the Helbiz Third Quarter 2021 Earnings Conference Call. Currently, all participants are on a listen-only mode. As a reminder, today's program may be recorded. I'd now like to introduce your host for today's program, ...