Micromobility.com (MCOM) Q2 2025 earnings summary

Executive summary

• Shifted core business from micromobility and media to IT software services, focusing on a related-party agreement with Everli S.p.A. for software development.

• Discontinued and sold mobility and media operations in the US and Europe due to high costs and cash burn, classifying these as discontinued operations.

• Entered into a Stock Purchase Agreement to sell European mobility/media businesses to a related party, pending court approval or waiver.

• Company continues to face significant liquidity challenges and recurring operating losses, raising substantial doubt about its ability to continue as a going concern.

Financial highlights

• Revenue from continuing operations (all related party): $476K for Q2 2025, up 20% year-over-year; $953K for six months, up 82% year-over-year.

• Net loss from continuing operations: $(1.4)M for Q2 2025 vs. $(1.5)M prior year; $(1.8)M for six months vs. $(5.0)M prior year.

• Net loss from discontinued operations: $(292)K for Q2 2025 vs. $(3)K prior year; $(143)K for six months vs. $(1.1)M prior year.

• Total assets declined to $1.4M as of June 30, 2025, from $2.1M at December 31, 2024.

• Cash and cash equivalents at period end: $71K.

Outlook and guidance

• Plans to continue funding operations through debt and equity financing, including a $25M Standby Equity Purchase Agreement (SEPA) signed in April 2025.

• Ongoing need for additional capital; future capital requirements depend on growth and expansion.

• No specific revenue or earnings guidance provided.