Mobile Infrastructure (US:BEEP)2026-03-02 21:15Financial Performance - Total revenue for Q4 2025 was $8.8 million, a decrease of 4.3% from $9.2 million in Q4 2024[6] - Full year 2025 total revenue was $35.1 million, down from $37.0 million in 2024[14] - Total revenues for Q4 2025 decreased by 4.3% to $8,762,000 compared to $9,157,000 in Q4 2024, and for the year, revenues decreased by 5.2% to $35,075,000 from $37,008,000 in 2024[45] - Managed property revenue for the year ended December 31, 2025, was $28,619,000, an increase of 2.8% from $27,848,000 in 2024[39] Net Loss - Net loss for Q4 2025 was $8.3 million, compared to a net loss of $1.0 million in the same period last year[10] - Net loss for the full year 2025 was $23.7 million, compared to a net loss of $8.4 million in 2024[16] - The company reported a net loss of $8,291,000 for Q4 2025, compared to a net loss of $1,033,000 in Q4 2024, and for the year, the net loss was $23,714,000 versus $8,381,000 in 2024[46] Net Operating Income (NOI) - NOI for the full year 2025 was $20.7 million, down from $22.6 million in the prior year[16] - Net Operating Income (NOI) for Q4 2025 was $5,316,000, a decline of 3.4% from $5,504,000 in Q4 2024, and for the year, NOI decreased by 8.5% to $20,720,000 from $22,633,000 in 2024[45] Future Guidance - The company expects revenue guidance for 2026 to range from $35 million to $38 million, representing 4% growth at the midpoint over 2025 results[22] - NOI for 2026 is expected to range from $21.5 million to $23.0 million, indicating year-on-year growth of 7% at the midpoint[23] - Adjusted EBITDA for 2026 is projected to be between $15.0 million and $16.5 million, reflecting year-on-year growth of 10% at the midpoint[23] Asset Management - The company completed approximately $30 million in asset sales as part of its asset rotation strategy, targeting $100 million in total[5] - Total assets decreased to $382,464,000 as of December 31, 2025, down from $415,062,000 in 2024, representing a decline of 7.8%[37] - Total liabilities were $223,419,000 as of December 31, 2025, slightly down from $225,791,000 in 2024[37] Expenses and Charges - The company experienced an impairment charge of $1,217,000 in Q4 2025, compared to no impairment in Q4 2024[39] - Interest expense increased to $5,131,000 in Q4 2025 from $4,416,000 in Q4 2024, and for the year, it rose to $19,039,000 from $13,830,000 in 2024[46] - Depreciation and amortization expenses increased to $2,755,000 in Q4 2025 from $2,110,000 in Q4 2024, and for the year, it rose to $10,577,000 from $8,403,000 in 2024[46] - The company reported an impairment charge of $1,217,000 for Q4 2025, compared to no impairment in Q4 2024, and for the year, it was $3,762,000 versus $157,000 in 2024[46] Shareholder Information - The company reported a basic and diluted loss per share of $0.19 for Q4 2025, compared to $0.03 in Q4 2024[39] - Equity-based compensation for Q4 2025 was $847,000, down from $968,000 in Q4 2024, and for the year, it decreased to $3,136,000 from $5,719,000 in 2024[46]