Mobile Infrastructure Q4 revenue up 14% to $7.9M; net loss widens to $9.2M

Mobile Infrastructure Corp

Revenue $7.9M vs $6.9M YoY; net loss $9.2M ($5.2M prior year) on non-cash merger charges.
Net operating income $5.5M (+27% YoY); adjusted EBITDA $3.4M vs $2.5M YoY.
Converted 26 assets (two-thirds of portfolio) from leases to management contracts in Q1 2024.
Full-year debt paydown of $29.1M; portfolio valued over $520M (late 2022 appraisal); NOI up 9.5% since.
2024 guidance expects accelerating growth in parking asset portfolio performance.

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 fourth quarter and full year ended December 31, 2023 results: revenue $7.9 million, net income Net loss attributable to common stockholders was $9.2 million.

Period: fourth quarter and full year ended December 31, 2023
Revenue: $7.9 million
Net income: Net loss attributable to common stockholders was $9.2 million
Result: reported results

Exact text from the filing

national real estate services firm. Since that time, our net operating income has increased by 9.5%.” Fourth Quarter Business and Financial Highlights ● Total revenue was $7.9 million as compared to $6.9 million in the prior year period. ● Net loss attributable to common stockholders was $9.2 million as compared to $5.2 million in the prior year period. ●

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Source: SEC EDGAR

accession 0001493152-24-009957

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