secwatch.observer — SEC 8-K summary
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Issuer:     Getaround, Inc (—)
CIK:        0001839608
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-057062
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839608/000095017024057062/0000950170-24-057062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839608/000095017024057062/getr-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-057062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer