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]
Micromobility.com (MCOM) - 2022 Q1 - Earnings Call Transcript