Soooo Sanchez has blown all the funds of the company and now that he can't steal anything else he is resigning???? Where are the charges for fraud for this scam company and its ringleaders? Ohhhh yeah Gensler and his SEC scumbags are tooo busy counting how may queers and females are on the payroll of major companies they just don't have time for the actual function of policing public companies.
LOS ANGELES, Nov. 30, 2022 (GLOBE NEWSWIRE) -- EVmo, Inc. (OTC: YAYO), a leading provider of rental vehicles to the rideshare and delivery gig economy industry, today announced that Steve Sanchez, CEO of EVmo, will present at the SHARE Series event, held virtually, on Monday, December 5, at 10:00 eastern time.
This event is open to all investors and the live stream of this presentation will be webcast and can be accessed at https://www.openexchange.tv/share-series. A copy of the slides used in the presentation will be posted on EVmo’s Investor Relations section of its website at www.evmo.com . An archived replay will be available on the Shareholder Equity Conference website for approximately 90 days following the event.
About EVmo, Inc.
EVmo is a leading provider of technology-enabled rental vehicles to drivers in the rapidly growing rideshare and gig-delivery economies. By bridging the gap between people who want to drive for rideshare and gig-delivery companies but don’t have access to a suitable vehicle, EVmo empowers drivers of all economic backgrounds to run their own businesses in the gig economy. EVmo’s professionally managed and maintained fleet of more than 1,000 vehicles (and growing) in multiple cities, can be rented for flexible terms to meet customers’ needs. EVmo’s convenient and easy-to-use online and app booking platform makes it easy to Rent, Drive, Earn™.
LOS ANGELES, Nov. 14, 2022 (GLOBE NEWSWIRE) -- EVmo, Inc. (OTC: YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, will host a conference call and audio-only webcast on Tuesday, November 15th at 4:30 p.m. ET to discuss the Company's operational and financial highlights for its third quarter ended September 30, 2022. A question-and-answer session will follow management’s prepared remarks.
Event: EVmo Q3 2022 Financial Results Conference Call
Date: Tuesday, November 15, 2022
Time: 4:30 p.m. Eastern Time
Live Call: +1- 877-407-0784 (U.S. Toll-Free) or +1-201-689-8560 (International)
For interested individuals unable to join the conference call, a recording of the webcast will be available until November 15, 2023, and can be accessed at the webcast address above.
From the Q
OS basically doubled YoY
Loss per share dropped to 4 cents vs 18 cents at end of year 2021
Doing my very basic math that give this a 50% overall drop in loss per share after accounting for the doubling of the OS.
Assets have also grown larger than liabilities by $7mil vs a deficit of roughly $2mil in the red at end of 2021.
I like what I'm seeing and look forward to a break above a buck in the near future when people actually read and comprehend the Q.
Q1 2022 revenue of $2.5 million, up 6.7% compared to Q1 2021 revenue of $2.3 million with no new cars deployed during the quarter
Rapid expansion now underway, fueled by a $15 million debt facility in July 2021 and non-dilutive financing announced in Q1 2022, with expected addition of 400 vehicles quarterly to the Company's fleet in 2022
Reported positive shareholders' equity of $8.0 million, up from negative equity of $4.4 million at year-end 2021; first time Company has reported positive shareholders' equity; strengthened balance sheet expected to improve leasing terms
Record driver retention with average rental days per driver up 8% over Q1 2021
EVs and hybrids are now 34% of the Company's approximately 635 total vehicle fleet; EVmo remains on track to expand fleet to more than 2,000 vehicles by year-end 2022
"We are at an exciting inflection point in the ongoing evolution of EVmo," commented Stephen Sanchez, CEO of EVmo. "With non-dilutive financing partnerships and commitments secured, we are now beginning to rapidly scale our fleet. We began this process subsequent to the end of Q1 after securing financial commitments in March. We are confident we now have the resources to reach our goal of adding approximately 400 cars to our fleet each quarter through the remainder of the year, which will enable us to achieve our target of more than 2,000 vehicles by year-end 2022. Looking further ahead, we anticipate fleet growth will accelerate in 2023 and are targeting a minimum 25% growth in the number of new vehicles we add to our fleet quarterly, with longer term targets well in excess of that growth."
"As we have previously said, our model calls for 45% gross margins and 25% EBITDA margin at scale of approximately 2,000 cars, excluding vehicle depreciation. Based on this model, achieving our 2023 quarterly targets for fleet expansion would generate revenue of $50 million for the year with $12.5 million EBITDA," continued Sanchez. We believe our model and margins, combined with our management capability, can establish us as the clear industry leader in 2022. And importantly, we expect to be able to fund exponential growth from operating cash flow at scale, which we are on track to reach by year-end 2022, opening new access to non-dilutive debt capital to further accelerate our model."
gorgeous results proving they can grow with zero capital - and now they're hugely accelerated for 2022 with EBITDA positive 2022 on forecast. anyone not on the train all regret it. if the shares don't move in the next six months you'll see an MBO and they'll take it private, then do a regular way IPO in another 18 months. it won't go private for less than $2 IMO given the new shares outstanding and gross revenue.
LOS ANGELES, March 24, 2022 (GLOBE NEWSWIRE) -- EVmo, Inc. (OTC: YAYO) (the "Company'), a leading provider of vehicles to the rideshare and delivery gig economy industry, today announced a agreements with leading automobile manufacturers to supply the Company with approximately 400 new vehicles quarterly.
"We are thrilled to have agreements with multiple leading OEMs to provide a steady supply of new vehicles to grow our fleet, an important component of our expansion strategy as we enter new markets in the months ahead," commented Steven Sanchez, CEO of EVmo. "The commitments for these vehicles were made possible by the non-dilutive financing we announced earlier in March. These agreements give us tremendous confidence in our ability to achieve our goal of adding 400 vehicles to our fleet each quarter during 2022. This month's order gives us EV availability in all of our operating markets, and ultimately, our anticipated fleet growth this year will help us deliver on our commitment to have an EV dominant vehicle fleet."
Gig economy drivers with ICE vehicles who work for ride-hailing and delivery companies like Uber, Lyft and DoorDash have been hit hard by rising gas prices in recent weeks. EVmo's growing EV fleet provides a much-needed solution for these drivers to address the challenges of increasing fuel costs.
EVmo currently has 600 cars on its platform and anticipates expanding to more than 2,000 vehicles within the next 12 months. The Company expects to be operationally profitable at approximately 950 cars and cash flow positive at approximately 1,600 cars, which remains in-line with EVmo's internal forecast and business plan, with the difference being the initial down payments for the car purchases.
An estimated 25% of the US population uses ridesharing services one or more times monthly, according to PolicyAdvice, a vehicle insurance researcher.
LOS ANGELES, March 17, 2022 (GLOBE NEWSWIRE) -- EVmo, Inc. (OTC: YAYO) (the "Company'), a leading provider of vehicles to the rideshare and delivery gig economy industry, is pleased to announce it is developing partners to deliver up to $30 Million in vehicle financing to add approximately 400 vehicles quarterly to the Company's fleet. We currently have 600 cars on our platform and anticipate having in excess of 2,000 cars within the next year. We expect to be operationally profitable at approximately 950 cars, and cash flow positive at approximately 1,600 cars, which remains in-line with internal forecast and business plan; the difference being the initial down payments for the car purchases.
"This is another major milestone in the evolution of EVmo that should drive accelerated revenue growth in the quarters ahead as we expand our fleet to meet increasing demand," commented Steven Sanchez, CEO of EVmo. "The financing partners we have secured will enable us to add up to 400 new vehicles to our fleet every quarter for the next year, and we hope to more than double those quarterly purchases in 2023. The vehicles we add through these financing agreements will help us to deliver on our goal of having EV and hybrid options available for our drivers in each market we serve. Together with the $13.7 million in gross proceeds from our January 2022 offering our financial position has never been stronger, and we are in a great position to execute our business plan."
"We have begun 2022 from a position of significant strength, and we fully expect continued efficient growth over the coming months. We have built a strong operating team and formed strategic partnerships. This combination is unmatched in the ridesharing, last mile delivery and logistics space," added Sanchez.
According to Global Market Insights, the ridesharing market in North America was $4.5 billion in 2019 and expected to grow at a CAGR of 6.5% through 2026.
extremely excited isn't a great word for investing - but in this case I will make a rare exception
3RD OR 4 Q will be moving fast here
earnings soon and with the food business added to the pile the revenues will look good but the projections will be even better - remember that insiders just acquired more and more shares. disappointed the market doesn't see the value but anyone who knows the players here knows it's adults at play and they're meticulous.
on this last raise it was done a bit lower than expected. look at who just filed a 13d on Thursday?
reality is that LYFT and UBER have a competitive disadvantage to EVMO and the EVMO operating model is dramatically superior.
EVMO is now selling for a pittance relative to revenue of competitors and EVMO revenue is set to explode as they onboard more vehicles.
at current revenue levels the shares are worth $2USD on the low end and $3 on the high end. this is only due to the recent dilution which dramatically empowers their future revenue generation capability.
when taking the current cash into account, and the fact that EVMO doesn't need to raise any more cash - the shares are worth a minimum of $6 in the next 18 months. past 24 months time you'll have seen $200mm revenue in the rear view mirror.
that's $1B in market cap @5X revenue and in line with competitors - and it'll be a momentum stock by that time, so the market will probably overvalue EVMO by that time.
the fully diluted shares outstanding are now around d 63mm post equity raise.
on $1B valuation that's around $15.875 per share if they're valuation is equivalent vs UBER and LYFT but they'll be growing a lot faster.
there's nothing in their way for achieving these goals; and the "greening" of all transportation is nearly a government mandate. if EVMO numbers are only half what are projected, you get $7 bucks a share from here.
***1,627% return from Friday's closing price, at half of what's projected.
you're either in the deal or you're in the way.
$100?! Why not $500 buddy?$$$$$$$$$$$$$
LOS ANGELES, Jan. 21, 2022 (GLOBE NEWSWIRE) -- EVmo, Inc. (OTC: YAYO), a leading provider of vehicles to the rideshare, carshare, and delivery gig economy industry, today announced that an interview with CEO Stephen Sanchez will air on The RedChip Money Report® on Bloomberg TV, Jan. 22, at 7 p.m. Eastern Time (ET). Bloomberg TV is available in an estimated 73 million homes across the United States.
The RedChip Money Report® is produced by RedChip Companies Inc., an international Investor Relations and media firm with 30 years’ experience focused on Discovering Tomorrow’s Blue Chips Today™. “The RedChip Money Report®" delivers insightful commentary on small-cap investing, interviews with Wall Street analysts, financial book reviews, as well as featured interviews with executives of public companies.
it is a net free cash flow positive e business that's got enough balance sheet c ash at this moment to deliver around $100mm top line revenue in 18 months.
the industry is selling for around 5X revenue.
so this company should be somewhere between $300-500mm equity market cap in a couple of years.
shares outstanding: 34,000,000 approx
new shares issued plus warrants: 34,000,000 total including warrants - high end estimate
fully diluted shares outstanding: ~ 70,000,000.00
so $300,000,000 - $600,000,000 market value of equity in 24 months with their execution as publicly announced....
low end expectations: $4.28
higher end expectations: $8.50
now if they generate the free cash we expect, they'll end up with closer to $200,000,000 in top line because they'll generate another $10,000,00.00 cash internally for reinvestment.
low end now goes to $8.50 with higher end expectations $17.00 per share.
it's probably the best pure financial engineering opportunity we have seen.
sounds so good Z
with the calibre of investors that just went into the private secondary - you'll not see $0.50 again.
$12mm +++ and the units going into the market will be huge
nobody saw the investors piling into yayo?
apparently one fund manager bought millions of shares in their offering/. the upcoming quarters are probably going to be ridiculously strong as they add vehicles to their fleet.
LOS ANGELES, Jan. 03, 2022 (GLOBE NEWSWIRE) -- EVmo, Inc. (OTC: YAYO) (the “Company”), a leading provider of vehicles to the rideshare and delivery gig economy industry, today announced the pricing of its underwritten public offering of 27,400,000 shares of common stock (the “Common Stock”) at a public offering price of $0.50 per share, for aggregate gross proceeds of approximately $13.7 million, prior to deducting underwriting discounts, commissions, and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 4,110,000 shares of Common Stock at the public offering price per share, less the underwriting discounts and commissions, to cover over-allotments, if any. The offering is expected to close on or about January 6, 2022, subject to satisfaction of customary closing conditions.
sounds good Yayo
EVmo Partners with University of Southern California to Provide On-Campus Fleet Access
2021-12-15 07:30 ET - News Release
LOS ANGELES, Dec. 15, 2021 (GLOBE NEWSWIRE) -- EVmo, Inc. (OTC: YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, today announced an agreement with the University of Southern California (“USC”) to provide on-campus access to the Company’s rental vehicle fleet through USC’s Grand Avenue parking garage.
The EVmo / USC partnership, which launches in January 2022, will promote sustainability while providing employment opportunities for USC students, augmenting USC’s Lyft Rides Program.
“This is a fantastic opportunity for EVmo to provide convenient access to our fleet as we continue to expand our services to meet the growing demands of the gig economy,” stated Stephen Sanchez, CEO of EVmo. “While dedicated staff will be onsite to keep vehicles fully charged and ready for use, the entire rental process can be seamlessly completed from our mobile app.”
The USC on-campus program leverages the same EVmo technology platform currently driving additional city and municipal car-sharing partnerships. EVmo intends to pursue further on-campus opportunities as it expands its services to other colleges and universities.
“The environmentally focused expansion of our EV fleet aligns well with the sustainability initiatives of USC and other universities,” continued Sanchez. “It also aligns well with increasing consumer demands and the overall electrification trend gaining speed in the auto industry. We are excited to bring our innovative technology platform to students and other drivers, with convenient access to EVs and opportunities.”
California has a goal of five million EVs on its roads by 2030 and 250,000 EV charging stations by 2025. An estimated 425,300 light-duty EVs were registered in California in 2020. California’s clean energy ambitions are designed to help the state meet its goal of cutting greenhouse gas emissions to 40% below 1990 levels by 2030.