secwatch.observer — SEC 8-K summary
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Issuer:     Mobile Infrastructure Corp (BEEP)
CIK:        0001847874
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001493152-24-009957
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847874/000149315224009957/0001493152-24-009957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847874/000149315224009957/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-009957

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