Mobile Infrastructure Q3 net loss $23.1M; revenue $8.1M; completes merger, repays $25M debt

Mobile Infrastructure Corp

Net loss attributable to common stockholders was $23.1M ($1.77 diluted loss per share) including substantial non-recurring non-cash charges.
Total revenue $8.1M vs $8.4M YoY; NOI $5.9M vs $6.1M; Adjusted EBITDA $4.4M vs $4.3M.
Completed merger with Fifth Wall Acquisition Corp. III and listed on NYSE American; repaid $25M of debt in Q3.
Plans to convert majority of lease agreements to management contracts in 2024 to improve revenue linearity and asset optimization.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Mobile Infrastructure Corp reported third fiscal quarter ended September 30, 2023 results: revenue $8.1 million, net income Net loss attributable to common stockholders was $23.1 million, or $1.77 per diluted share, EPS $1.77 per diluted share.

Period: third fiscal quarter ended September 30, 2023
Revenue: $8.1 million
Net income: Net loss attributable to common stockholders was $23.1 million, or $1.77 per diluted share
EPS: $1.77 per diluted share
Result: reported results

Exact text from the filing

the balance sheet with a $25 million reduction of debt. ● Net loss attributable to common stockholders was $23.1 million, or $1.77 per diluted share ● Total revenue was $8.1 million as compared to $8.4 million in the comparable prior year period. ● NOI* was $5.9 million as compared to $6.1 million in the comparable prior year period. ● Adjusted EBITDA* was

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Source: SEC EDGAR

accession 0001493152-23-040660

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