Micromobility.com (MCOM) Q3 2025 earnings summary

Executive summary

• Shifted core business from micromobility and media to IT software services, primarily for related party Everli S.p.A., following divestiture of legacy operations in the US and Europe.

• Discontinued operations in mobility and media, with sales agreements executed for both US and European businesses; European sale closed post-quarter.

• All revenue in the period derived from software development services provided by Serbian subsidiary to Everli.

Financial highlights

• Revenue from continuing operations rose 35% year-over-year to $610K for the quarter and 60% to $1.56M for the nine months.

• Net income from continuing operations was $379K for the quarter, compared to a $1.27M loss in the prior year; nine-month net loss narrowed to $1.43M from $6.35M.

• Discontinued operations posted a net loss of $263K for the quarter, versus $6.24M income in the prior year, reflecting non-recurring gains in 2024.

• Cash and cash equivalents at quarter-end were $15K, down from $84K at year-end 2024.

• Total assets declined to $1.41M from $2.14M at year-end 2024.

Outlook and guidance

• Plans to continue funding operations through debt and equity financing, with ongoing need for external capital.

• New Standby Equity Purchase Agreement (SEPA) for up to $25M signed in October 2025 to support liquidity.