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Marti Technologies Inc
Previous close
$3.00
Day range
$3.00 - $3.11
Year range
$0.44 - $3.55
Market cap
178.38M USD
Avg Volume
141.71K
P/E ratio
-
Dividend yield
-
Market news
Financials
Income Statement
Revenue
Net income
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Revenue | 4.20M | -11.35% |
Operating expense | 8.37M | 58.37% |
Net income | -10.93M | -64.05% |
Net profit margin | -260.07 | -85.04% |
Earnings per share | — | — |
EBITDA | -6.93M | -46.94% |
Effective tax rate | — | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 8.97M | 125.80% |
Total assets | 25.00M | -21.13% |
Total liabilities | 76.18M | 114.44% |
Total equity | -51.17M | — |
Shares outstanding | 58.60M | — |
Price to book | -3.45 | — |
Return on assets | -91.08% | — |
Return on capital | -123.56% | — |
Cash Flow
Net change in cash
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Net income | -10.93M | -64.05% |
Cash from operations | -5.24M | -72.01% |
Cash from investing | -365.82K | 81.68% |
Cash from financing | 378.62K | -78.74% |
Net change in cash | -5.23M | -60.23% |
Free cash flow | -3.95M | 9.92% |
About
Martı is a scooter sharing system founded by Oğuz Alper Öktem and Sena Öktem, operating in Istanbul, İzmir, Antalya, Kocaeli, Muğla, and Mersin. The system started its services in 2019, initially available only in Istanbul, and expanded to Ankara in February 2020. The company's shares began to be traded on the New York Stock Exchange on July 13, 2023.
Marti reached a valuation of 100 million dollars in its series B investment round in 2021. In the investment round completed in 2020, it received an investment of 25 million dollars. As of the end of 2023, it operates with a fully funded fleet of more than 38,000 electric scooters, electric bikes and electric mopeds.
Aiming to bring the ride-hailing system to Turkey, Marti company established a system called Marti TAG. According to company data, there are currently more than 131 thousand TAG drivers. The number of TAG drivers reached 155 thousand in May 2024.
The company's shares were offered to the public on July 11, 2023 on the New York Stock Exchange under the code MRT. On July 13, 2023, 2 days after the shares started trading, the opening gong was rung by Oğuz Alper Öktem. Wikipedia
Founded
2018
Website
Employees
403