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]
Micromobility.com (MCOM) - 2022 Q2 - Earnings Call Transcript