Company Strategy & Focus - Marti shifted its company focus to ride-hailing services[9] - The company stabilized its two-wheeled electric vehicle service by enhancing profitability and reducing capital requirements[10] - Marti expects accelerated financial performance in 2025, driven by ride-hailing[11] - The company is bolstering its financial strength through monetization of ride-hailing, enhancing cash generation and capital efficiency[12] Operational Highlights - Marti consistently exceeded operational targets for unique ride-hailing riders and registered drivers[19] - As of December 2024, Marti reached 1663 thousand unique ride-hailing riders and 262 thousand registered drivers[22] - Marti is targeting 2150 thousand unique ride-hailing riders and 310 thousand registered drivers by June 30, 2025[34] - Operational efficiency projects in two-wheeled electric vehicle service led to a 105% year-over-year reduction in the total cost of revenues[51] Financial Performance & Guidance - Marti's actual revenue for 2024 was $187 million, exceeding the guidance of $166 million[74, 80] - Adjusted EBITDA for 2024 was a loss of $193 million, an improvement compared to the guidance loss of $225 million[77, 81] - Marti is on track to almost double revenue to $340 million for FY 2025[20] - The company expects positive Adjusted EBITDA of $30 million in FY 2025, excluding incremental investments to accelerate ride-hailing growth[90]
Marti Technologies(MRT) - 2024 H2 - Earnings Call Presentation