EVmo, Inc. (YAYO)
- GlobeNewswire
EVmo Enters Into Letter of Intent to Merge with micromobility.com Inc.
LOS ANGELES, June 07, 2023 (GLOBE NEWSWIRE) -- EVmo, Inc. (OTC: YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, today announced it has signed a Letter of Intent (LOI) regarding a merger with micromobility.com Inc. (NASDAQ: MCOM), a pioneering global micromobility ecosystem. The merger is intended to strengthen each company’s market position and accelerate growth. Stephen Sanchez, CEO of EVmo, commented, “The combined company will be in a strong position
- GlobeNewswire
EVmo Reports First Quarter 2023 Financial Results
LOS ANGELES, May 22, 2023 (GLOBE NEWSWIRE) -- EVmo, Inc. (OTC: YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, today announced financial results for its first quarter ended March 31, 2023. Key Highlights: Record 1Q 2023 revenue of $3.8 million, up 57% compared to 1Q 2022 revenue of $2.4 million due to more cars on the platform and higher rental ratesGenerated positive adjusted EBITDA of $263 thousand in 1Q 2023, or 7%, compared to negative EBITDA of $248
