Q3 2023 Micromobility.com Inc Earnings Call

And then how we live in Mems Luca if you want to say some words. Thank you so much.

All right all right.

I am I am delighted to share the progress that we're making.

Forward to enhancing profitability and long term financial stability.

Our strategic approach has been a comprehensive that focusing on both the efficient post the management and aggressive revenue growth.

One example that comes to my mind is the city of Tampa, We just launched the past week.

And our unique business model has set the benchmark for success, we are strategically minimize fixed coaster.

Which has significantly boosted our profitability in this market and it will serve as a blueprint for our operation in other region showcasing our ability to adapt and thrive in a variety of market conditions.

Alongside our our success in Tampa are the growth of our retail stores are in the long term rental services has been nothing short of exceptional.

The continuous increase of subscription I like said the market's positive reception of our products and services and this will put us in a stronger position and it's a it's the ease of use as well as strong indicator of our brands growing appeal and effectiveness of our marketing strategies.

Our retail expansion is not just a sign of growth, but also drive of ETA and each new store increases visibility, allowing us to tap into new customer segment and further solidify our presence in the different markets.

The increasing number of long term rental demonstrates of our ability to meet the evolving needs of our customer offering them value and convenience that keep them coming back.

We are also keep investing in technology in our financial strategies are underpinned by our commitment to sustainability and corporate responsibility.

We understand that that longer term profitability goes hand in hand, with environmentally stewardship and social responsibility.

Therefore, we are integrating sustainable practices into our operation and engaging with the communities to build a better future.

In closing.

The path of profitability is clear and well chart that became a front of us and successes like Tampa expansion and retail foot printer show and we will show in the next week months the growth in the retail services.

I am confident that we are focused.

Approach and dedicated team, we will achieve our financial goals and set new standards in our industry. Thank you very much.

Okay. If you look at it.

So much for your statement and I would like to talk to you a little bit more about the the Tampa when you say Tom.

Yes.

The new Tom box operation that we have at <unk>.

Explain us a little bit more about that like what do you think is going to be.

The way that bring us to profitability why because I keep repeating here.

Lots of people, who lost confidence on what I'm, saying because of course was not a difficult was a difficult time, but you can explain a little bit more about that well first of all a Tampa is a big success said that are we.

Uh huh.

We started like almost two years ago, because we are applied to the CD and follow like a legal case for weaning and starting operating in <unk>. So that's the first success that we had the second of all we had a chance to partner with the sort of third party.

The company that the wheel.

Basically engage with us.

Concentrating it in.

In operation, So that will show and and the key us the possibility of lowering the costs and not having that debt burden of operation onto our roof, but I'd say that so far puts us in a situation a financial situation that could be.

Kind of dangerous. So we're very happy about this model is working we saw that in the first.

Few days there were like a super increase overrides and usage of our vehicle. So we believe that from now on this let's call. It the Tampa Aldo can work pretty well around the United States.

Okay, and if you look at just to explain a little more about our.

Our b to B and and long term rental service that we offer and also from our retail can you explain a little bit more Hawaii, it's much easier to get profitability there.

Well for sure having a location.

Store or somewhere where people can go inside and ask a question and solve and asked to solve the problems that maybe can arise a ranking of a call for any reason.

Put us in a position where we are like a dedicated a neighborhood.

Friendly shop, where you cannot only see someone that VW a face to face, but really you can you can experience what we're doing and in any case in any case in any kind of problem. You can have you can be directed to our warehouses and and basically.

Have the full experience so that before was kind of like the laughter.

Left alone in the middle of streets, and let's say like our customer service and people from the stores.

Our super well trained they know how to engage with people how to.

To solve any any any issue that can arise on the vehicle and solve the problem right away on the on the spot.

Yes.

Sure.

Another thing that I would like to speak today.

Our number show a very very very firm is the is that how we are taking down the cost of the company. So we are carrying a lot of our operation cost.

And we're trying to make I would've even profitable King can we can we talk a little bit more about diesel.

Why we are carrying like tremendously calls to make sure. We go to profitability. It's a strategy that we decided to to use moving forward for having partnered that support our operation and not a let's say heavy heavy our shoulder.

On Costa and more work, but believe are in the process and trust to what we were doing four again growing together and and push on the same on.

On the same direction that means having it back there a better connection with everyone.

Having money that can be invested in other in other store for example, like LTR and having visibility that support every single a future project and we are we are working on so we.

We really believe it's something that can can change.

Like the strength of the company.

And.

We will drive that for sure us on profitability.

And having a engaging better with communities.

In building the real future that we have in mind are working well.

Working in this in this market that for us, it's a very very very important.

Okay great.

Uh huh.

Think of we touch every every every ballinger Luca. Thank you so much for to be part of this space we're laser maybe.

Maybe maybe.

We should talk a little bit about the the next the M&A that we want to do and so a whole pure hydrogen and can you talk a little bit of like how you see hydrogen with the micro mobility.

It can make understand that our line while our vision are aligned well, we really believe that's the future. We really believe that's the future and.

Batteries are in vehicles are the most important partner and and and like like pasta.

We need Roger and of course, we'll we'll increase the strength of the battery that right now can have like a short the short life.

And so we believe that's like a partnership an acquisition that can really push.

Push us in the future and taking us to the next level and stat, but that we were not even thinking before but it's really really important.

For for everybody in the team and everybody that the believing us.

So I think D. C is a big step up or for all of us and again for the future that we have envision being all are in a in this market.

Perfect.

So we will give a separate update on the M&A at the beginning of the next week. If we can also on Friday, let's see how we would be in Oh, we're going to really foster and different conversation. We have and we are we thinking really well we are shooting really big so I'm sure we will get there.

We're gonna be there we'd be happy to update all.

All of you know look I think you are going to choose to join us as yourselves.

I was going to as I was mentioning a private conversation if you look at where join this space more often to make sure that our vision and our alignment and you guys have another voice to hear to understand that we are going to all in the same direction.

I see lots of people conduct. Thank you so much for all of you who will be leaving the company in and keep believe on what are we doing thank you guys. Thank you.