Getaround Inc (GETR)

[kbaz]

Another Day another Couple of $K!!!!!!! I do like this biz, but gotta see what happens after Kraziness

[BurgerKing82]

Is this Going higher today

[Invest-in-America]

GETR: Attention GETR Passengers --- the smoking light is now OFF, & please fasten your SEAT BELTS!! Hope you enjoy your flight today to Planet JUPITER!! Welcome aboard!!

[kbaz]

Got Ready for this Ride earlier. One more Pullback after open? Then let's ride!!!

[Invest-in-America]

GETR: The actual news ---
https://finance.yahoo.com/news/getaround-secures-20-million-financing-235800820.html

[Invest-in-America]

GETR: "Getaround Secures $20 Million in Financing, Following Strong Q3 2023 Results
New Financing Provides Runway Towards Achieving its Growth and Profitability Goals"

(Too bad they couldn't sing in KEY!!!)

[CaptPete1776]

We have and inside day in the weekly and daily charts with the rsi and macd on both charts reset to the neutral zones from overbought zones.

[glenn1919]

GETR.................................https://stockcharts.com/h-sc/ui?s=GETR&p=W&b=5&g=0&id=p86431144783

[CaptPete1776]

Uber could easily buy them and Uber is already doing business with them. They are partners with getaround now.

[billionareboysclub]

@CaptPete Who would buy them in an acquisition other than Turo?

[CaptPete1776]

Here’s your spot again.

[CaptPete1776]

I still feel that a merger or acquisition is in play here. Management has a 20% incentive payout on anything over 225 million. The company is worth between. 800 million and 1.3 billion based on the most recent earnings.

[glenn1919]

GETR.......................................https://stockcharts.com/h-sc/ui?s=GETR&p=W&b=5&g=0&id=p86431144783

[subslover]

Thanks for that link. I will be using that site now. Very interesting :)

[Nostradamus2012]

Long & $trong $$$$$$%$%%

[Jess070283]

Here we go. Patience paid off Yessss

[TheFinalCD]

had around 40k shares avg .35ish

[TrendTrade2016]

missed that bottom...nice if you bought yesterday...big road block at 58c

[TheFinalCD]

.48 wow, have a nice weekend2

had around 40k shares avg .34ish

[TheFinalCD]

.43 again just now....


HOW the Fok do they do that

??


.43 obvious resistance

[TheFinalCD]

correction

when the price was .39 not .30

Thanks U2

[CaptPete1776]

Have a nice weekend!

[TheFinalCD]

i i was spot on with my 7am thoughts https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173434048

and sold a bunch on that pop, but my pos broker WEBULL didnt let me edit or cancel my other sell @ .444

when the price was .30

so I got stuck, now having to average down to make it work

will get out on next move up

then im taking off for an early weekend and changing brokers

the may try but they still suck= weBULLshit

[CaptPete1776]

No problem. They have been running these small stocks hard the last few months. The beaten up spac’s have been the ones to run the most. This fits the bill and could be a multi day runner. The big resistance is .69 then it’s of to the races. .40 is the first key level as mentioned.

[TheFinalCD]

Thank you for the conference call info

looks like we found support here around .30

ah was a little too high I guess

for all we know those analysts based off the fins and the call recommended their house to go short, since the price was brought up so high

I will double up around .22-.24 if they GETR there

GLTA

[CaptPete1776]

Thanks

[TheFinalCD]

2023 Business Highlights

Announced restructuring plan in February to reduce costs by $25 million-$30 million annually, streamlining operations and increasing efficiency
Acquired highly synergistic HyreCar assets in May, which we believe will accelerate our path to profitability
Launched TrustScore A.I., which is expected to enhance our gross margin and carsharing marketplace safety
Formed a strategic alliance with TransUnion, which is expected to enhance risk management capabilities and Getaround marketplace economics
Full Year 2023 Outlook

For the fiscal year ending December 31, 2023, the Company expects:

Gross Booking Value to be in the range of $200 million to $205 million
Adjusted EBITDA loss to be in the range of $68 million to $70 million
The Company estimates that 2023 full year operating expenses include approximately $22 million of costs that are not expected to recur in 2024. These costs include heightened professional fees and capital markets expenses following our business combination at the end of 2022, together with the full benefit of restructuring initiatives that were completed throughout the year.

https://www.businesswire.com/news/home/20231214523493/en/

[CaptPete1776]

Yes. There were 3 analysts on the call last night Wedbush, Piper Sandler and the third I couldn’t make out all asking good questions and got good answers. I wonder what their new revised models, price targets and forecasts will be. I would think they will come out with them this morning? The getr team were very confident in what they were saying and the game plan they were working on. .40 is the big level to reclaim yes.

[TheFinalCD]

$GETR Low Overall Dilution Risk

https://dilutiontracker.com/app/search/GETR

[TheFinalCD]

.30 DIP SO FAR

BACK TO .40 PROB @ 7AM

[CaptPete1776]

The big question is where does it go.ll? They have been ripping these spac’s lately and this had been priced for bankruptcy and came out with a huge shock to everyone in a positive way.

[BEIJING BILL]

HUGE!!! BONZAIIIIIIII

[TheFinalCD]

interesting hit .43 and stopped

charts, and technicals do work

[Triple nickle]

.206

[TheFinalCD]

so whats your avg now


https://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardid=12753&searchstr=GETR&srchyr=2023

[Triple nickle]

Getr bought it down from .24 hope it gets back to .62

[TheFinalCD]

$GETR NEWS https://finviz.com/quote.ashx?t=GETR&ty=c&ta=1&p=d

https://www.businesswire.com/news/home/20231214523493/en/

Delivered Total Revenues of $23.8 million, increasing 42% year-over-year, and reflecting an annualized run-rate of over $95 million
Gross Booking Volume of $69 million, reflecting an annualized run-rate of $276 million
GAAP Net Loss of $27.3 million, a 16% improvement from the same period last year
Adjusted EBITDA loss of $11.3 million, a 43% improvement from the same period last year
Gross Margin from Service Revenue remained at 87%, up 27 basis points year-over-year
Trip Contribution Margin increased to 52%, up 640 basis points year-over-year

[subslover]

NEWS
Getaround Reports Strong 3Q 2023 Results with 42% Year-Over-Year Growth in Revenue
Delivered Total Revenues of $23.8 million, increasing 42% year-over-year, and reflecting an annualized run-rate of over $95 million
Gross Booking Volume of $69 million, reflecting an annualized run-rate of $276 million
GAAP Net Loss of $27.3 million, a 16% improvement from the same period last year
Adjusted EBITDA loss of $11.3 million, a 43% improvement from the same period last year
Gross Margin from Service Revenue remained at 87%, up 27 basis points year-over-year
Trip Contribution Margin increased to 52%, up 640 basis points year-over-year
SAN FRANCISCO--(BUSINESS WIRE)-- Getaround (NYSE: GETR), the world's first connected carsharing marketplace, today announced financial results for the period ended September 30, 2023.

“Getaround is now the leader in gig car sharing. We believe our performance in the third quarter marked an inflection point in our growth as a company, with a significant increase in total revenues over 2022, achieving an annualized revenue run-rate of $95 million,” said Sam Zaid, CEO and Founder of Getaround. “We’ve greatly improved our unit economics as we’ve cycled through a few quarters of our TrustScore A.I. and made significant progress reducing our cost structure. We remain hyper-focused on delivering profitable growth, expanding our margins, narrowing our losses, and achieving our profitability goals, which we expect will drive value for our shareholders.”

2023 Business Highlights

Announced restructuring plan in February to reduce costs by $25 million-$30 million annually, streamlining operations and increasing efficiency
Acquired highly synergistic HyreCar assets in May, which we believe will accelerate our path to profitability
Launched TrustScore A.I., which is expected to enhance our gross margin and carsharing marketplace safety
Formed a strategic alliance with TransUnion, which is expected to enhance risk management capabilities and Getaround marketplace economics
Full Year 2023 Outlook

For the fiscal year ending December 31, 2023, the Company expects:

Gross Booking Value to be in the range of $200 million to $205 million
Adjusted EBITDA loss to be in the range of $68 million to $70 million
The Company estimates that 2023 full year operating expenses include approximately $22 million of costs that are not expected to recur in 2024. These costs include heightened professional fees and capital markets expenses following our business combination at the end of 2022, together with the full benefit of restructuring initiatives that were completed throughout the year.

The guidance provided above constitutes forward-looking statements and actual results may differ materially. Refer to the “Forward-Looking Statements” safe harbor section below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

Adjusted EBITDA is a non-GAAP financial measure and excludes estimates for, among other things, stock-based compensation expense, depreciation and amortization expense, contingent compensation expense, and certain expenses determined to be incurred outside of the regular course of business. A reconciliation of this non-GAAP financial guidance measure to a corresponding GAAP financial guidance measure is not available on a forward-looking basis because the Company does not provide guidance on GAAP Net Loss and is not able to present the various reconciling cash and non-cash items between GAAP Net Loss and non-GAAP Adjusted EBITDA without unreasonable effort. In particular, stock-based compensation expense is impacted by the Company’s future hiring and retention needs, as well as the future fair market value of its common stock, all of which is difficult to predict and is subject to change. The actual amount of these expenses during 2023 will have a significant impact on the Company’s future GAAP financial results.

Conference Call Details

Getaround will host a conference call with analysts to discuss its third quarter 2023 results and business outlook today at 5:00 p.m. Eastern time. To listen to the conference call via the Internet, please go to the Investors page of Getaround’s website. To listen to the conference call via telephone, please call 1-877-704-4453 (domestic) or 1-201-389-0920 (international).

A replay of the conference call will be available starting at 9:00 p.m. Eastern time on December 14, 2023, until 11:59 p.m. Eastern time on December 27, 2023, on the Investors page of Getaround's website, or by calling 1-844-512-2921 (domestic) or 1-412-317-6671 (international), Access ID: 13743068.

About Getaround

Offering a 100% digital experience, Getaround (NYSE: GETR) makes sharing cars and trucks simple through its proprietary cloud and in-car Connect® technology. The company empowers consumers to shift away from car ownership through instant and convenient access to desirable, affordable, and safe cars from entrepreneurial hosts. Getaround’s on-demand technology enables a contactless experience — no waiting in line at a car rental facility, manually completing paperwork or meeting anyone to collect or drop off car keys. Getaround’s mission is to utilize its peer-to-peer marketplace to help solve some of the most pressing challenges facing the world today, including environmental sustainability and access to economic opportunity. Launched in 2011, Getaround is available today in more than 1,000 cities across the United States and Europe. For more information, please visit https://www.getaround.com/.

Forward-Looking Statements

This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. In particular, the financial projections under “Full Year 2023 Outlook” and the statements contained in the quotations of our Chief Executive Officer with respect to expectations regarding the Company’s unit economics and profitable growth may constitute forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical facts and generally contain words such as "believes”, "expects”, "may”, "will”, "should”, "seeks”, "approximately”, "intends”, "plans”, "estimates”, "anticipates”, and other expressions that are predictions of or indicate future events. Although the forward-looking statements contained in this press release are based upon information available at the time the statements are made and reflect management's good faith beliefs, forward-looking statements inherently involve known and unknown risks, uncertainties and other factors, including the dilutive effect of future financings, which may cause the actual results, performance or achievements to differ materially from anticipated future results.

These risks and uncertainties include those described in our filings which we make with the SEC from time to time, including the risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2022. We have not filed our Form 10-Q for the quarters ended March 31, June 30, and September 30, 2023. As a result, all financial results described in this press release should be considered preliminary, and are subject to change to reflect any necessary adjustments or changes in accounting estimates, that are identified prior to the time we file our Form 10-Qs. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof. We do not undertake to update or revise any forward-looking statements after they are made, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Consolidated Balance Sheets

(preliminary and unaudited)

(in thousands, except share and per share data)






September 30, 2023





December 31, 2022



Assets

[CaptPete1776]

https://finance.yahoo.com/news/getaround-sets-date-third-quarter-234200108.html

[CaptPete1776]

https://finance.yahoo.com/news/getaround-sets-date-third-quarter-234200108.html

[CaptPete1776]

What do think happens here next. There hasn’t been any press releases in a very long time and still waiting on the earnings for 2023 which they said will be out soon in the last filings. Thanks.

[glenn1919]

GETR.............................https://stockcharts.com/h-sc/ui?s=GETR&p=W&b=5&g=0&id=p86431144783

[CaptPete1776]

So much very early volume pre market today and traded to .25 to remain around .16 in the standard and after hours session is strange. Could be something in the works?

[CaptPete1776]

There is a good possibility Uber will buy them and it could be sooner than later.

[glenn1919]

GETR..................................https://stockcharts.com/h-sc/ui?s=GETR&p=W&b=5&g=0&id=p86431144783

[Jess070283]

Squeeze Time.

[TrendTrade2016]

GETR...HERE WE GO

[TrendTrade2016]

GETR BREAKS 32C SEE YA AT 43C

[TrendTrade2016]

GETR HERE WE GO

[TrendTrade2016]

GETR ON THE MOVE