{"id":791391,"date":"2024-12-02T06:35:07","date_gmt":"2024-12-02T11:35:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/marti-expects-to-reach-positive-free-cash-flow-in-2025\/"},"modified":"2024-12-02T06:35:07","modified_gmt":"2024-12-02T11:35:07","slug":"marti-expects-to-reach-positive-free-cash-flow-in-2025","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/marti-expects-to-reach-positive-free-cash-flow-in-2025\/","title":{"rendered":"Marti Expects to Reach Positive Free Cash Flow in 2025"},"content":{"rendered":"

<\/p>\n

Marti Expects to Reach Positive Free Cash Flow in 2025<\/b><\/p>\n

Company Presents 2025 Guidance<\/b><\/p>\n

ISTANBUL–(BUSINESS WIRE<\/a>)–
\nT\u00fcrkiye\u2019s leading mobility super app, Marti Technologies, Inc. (\u201cMarti\u201d or the \u201cCompany\u201d) (NYSE American: MRT) announces its expectation to reach positive free cash flow in 2025 and presents 2025 guidance.<\/p>\n

\nAfter two years of investing in growing its ride-hailing business, Marti announced in October 2024 that it has begun monetizing its ride-hailing service<\/b><\/a>.<\/b><\/p>\n

\nAs the only at scale ride-hailing operator in the country, <\/b>together with the monetization of its ride-hailing service, Marti expects to complete 2025 with $34.0 million of revenue and $3.0 million of adjusted EBITDA*<\/b>. These figures are up from Marti\u2019s 2024 performance targets of $16.6 million of revenue and $(22.5) million of adjusted EBITDA*. Marti\u2019s 2025 forecast represents 2.1 times growth over its expected revenue figure for 2024, and an adjusted EBITDA improvement of $25.5 million.<\/b><\/p>\n

Marti also forecasts achieving positive free cash flow in 2025.<\/b><\/p>\n

Outlook for 2025<\/b><\/p>\n

\nThe Company provides its full year 2025 outlook as follows:<\/p>\n\n\n\n\n
\n

\n\u00a0<\/p>\n<\/td>\n

\n

2024 Guidance<\/b><\/p>\n<\/td>\n

\n

2025 Guidance<\/b><\/p>\n<\/td>\n

\n

Change<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nRevenue<\/p>\n<\/td>\n

\n

\n$16.6 million<\/p>\n<\/td>\n

\n

\n$34.0 million<\/p>\n<\/td>\n

\n

\n2.1 times growth<\/p>\n<\/td>\n<\/tr>\n

\n

\nAdjusted EBITDA<\/p>\n<\/td>\n

\n

\n$(22.5) million<\/p>\n<\/td>\n

\n

\n$3.0 million<\/p>\n<\/td>\n

\n

\n$25.5 million improvement<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

The 2025 revenue, adjusted EBITDA and free cash flow guidance provided herein are based on Marti\u2019s current estimates and assumptions and are not a guarantee of future performance. Such guidance is subject to significant risks and uncertainties, including the risk factors discussed in the Company’s reports on file with the Securities and Exchange Commission (\u201cSEC\u201d), that could cause actual results to differ materially. There can be no assurance that the Company will achieve the results expressed by this guidance.<\/i><\/p>\n

* This press release does not include a reconciliation of forward-looking Adjusted EBITDA for 2024 or 2025 because the Company is unable, without making unreasonable efforts, to provide a meaningful or reasonably accurate calculation or estimation of certain reconciling items which could be significant to the Company\u2019s results.<\/i><\/p>\n

Non-GAAP Financial Measures<\/b><\/p>\n

\nCertain financial information and data contained herein are not presented in accordance with generally accepted accounting principles of the United States (\u201cGAAP\u201d), including adjusted EBITDA.<\/p>\n

\nWe define these metrics as follows: Adjusted EBITDA as depreciation, amortization, taxes, financial expenses (net of financial income) and one-time charges and non-cash adjustments, plus net income (loss). The one-time charges and non-cash adjustments are mainly comprised of customs tax provision expenses resulting from the one-time amendment of customs duties and lawsuit provision expense which the Company does not consider the provision to be reflective of its normal cash operations.<\/p>\n

About Marti:<\/b><\/p>\n

\nFounded in 2018, Marti is T\u00fcrkiye\u2019s leading mobility app, offering multiple transportation services to its riders. Marti operates a ride-hailing service that matches riders with car, motorcycle, and taxi drivers, and operates a large fleet of rental e-mopeds, e-bikes, and e-scooters. All of Marti\u2019s offerings are serviced by proprietary software systems and IoT infrastructure. For more information, visit www.marti.tech<\/a>.<\/p>\n

Cautionary Note Regarding Forward-Looking Statements<\/b><\/p>\n

\nCertain statements made in this press release constitute forward-looking statements within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements related to the ride-hailing business and its anticipated growth and impact on the Company\u2019s cash flow, the Company\u2019s expected revenue and adjusted EBITDA for 2025, and the Company\u2019s expectation to reach positive free cash flow in 2025. These forward-looking statements are based on management\u2019s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including the risks discussed in the Company\u2019s filings with the SEC, including the Company\u2019s Annual Report on Form 20-F. Marti undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241202686710\/en\/<\/a><\/span><\/p>\n

Investor Contact
\n<\/b>
Marti Technologies, Inc.
\n
Turgut Yilmaz
\n
investor.relations@marti.tech<\/a><\/p>\n

KEYWORDS:<\/b> Turkey Europe<\/p>\n

INDUSTRY KEYWORDS:<\/b> IOT (Internet of Things) Apps\/Applications Technology Transport Mobile\/Wireless Software Public Transport<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Marti Expects to Reach Positive Free Cash Flow in 2025 Company Presents 2025 Guidance ISTANBUL–(BUSINESS WIRE)– T\u00fcrkiye\u2019s leading mobility super app, Marti Technologies, Inc. (\u201cMarti\u201d or the \u201cCompany\u201d) (NYSE American: MRT) announces its expectation to reach positive free cash flow in 2025 and presents 2025 guidance. After two years of investing in growing its ride-hailing business, Marti announced in October 2024 that it has begun monetizing its ride-hailing service. As the only at scale ride-hailing operator in the country, together with the monetization of its ride-hailing service, Marti expects to complete 2025 with $34.0 million of revenue and $3.0 million of adjusted EBITDA*. These figures are up from Marti\u2019s 2024 performance targets of $16.6 million of revenue and $(22.5) million … <\/p>\n

Continue reading “Marti Expects to Reach Positive Free Cash Flow in 2025”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-791391","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMarti Expects to Reach Positive Free Cash Flow in 2025 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/marti-expects-to-reach-positive-free-cash-flow-in-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marti Expects to Reach Positive Free Cash Flow in 2025 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Marti Expects to Reach Positive Free Cash Flow in 2025 Company Presents 2025 Guidance ISTANBUL–(BUSINESS WIRE)– T\u00fcrkiye\u2019s leading mobility super app, Marti Technologies, Inc. (\u201cMarti\u201d or the \u201cCompany\u201d) (NYSE American: MRT) announces its expectation to reach positive free cash flow in 2025 and presents 2025 guidance. After two years of investing in growing its ride-hailing business, Marti announced in October 2024 that it has begun monetizing its ride-hailing service. As the only at scale ride-hailing operator in the country, together with the monetization of its ride-hailing service, Marti expects to complete 2025 with $34.0 million of revenue and $3.0 million of adjusted EBITDA*. 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