Getaround Q1 revenue up 49% to $17.2M; net loss narrows 36% to $31M

Getaround, Inc

2024-Q1 EPS reported -$0.32 revenue$17,156,000

Total revenue $17.2M (+49% YoY); Gross Booking Value $44.9M (+41%).
GAAP net loss $31.0M, improved 36% from prior year; Adjusted EBITDA loss $15.3M, improved 23%.
Secured $20M financing in Jan and up to $50M in April; $20M drawn to date.
Restructuring to reduce opex; suspended NY consumer carsharing due to high insurance costs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Getaround, Inc reported first quarter of 2024 ended March 31, 2024 results: revenue $17.2 million, net income $31.0 million.

Period: first quarter of 2024 ended March 31, 2024
Revenue: $17.2 million
Net income: $31.0 million
Result: reported results

Exact text from the filing

Total Revenues of $17.2 million, an increase of 49% year-over-year

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Source: SEC EDGAR

accession 0000950170-24-057062

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