Moatable Reports First Quarter 2025 Financial Results

Published: Thursday, May 15, 2025 at 9:26 pm

Moatable, Inc. Reports Strong Revenue Growth in Q1 2025

Phoenix, AZ – May 15, 2025 – Moatable, Inc. (OTC Pink: MTBLY), a US-based Software-as-a-Service (SaaS) company, announced its financial results for the first quarter ended March 31, 2025, showcasing significant revenue growth. The company, which operates the SaaS businesses Lofty and Trucker Path, saw a 29% increase in revenue, climbing from $14.0 million in Q1 2024 to $18.0 million in Q1 2025.

The positive trend extended to gross profit, which rose by 25% from $10.7 million in Q1 2024 to $13.4 million in Q1 2025. While the company still reported a loss from operations, the loss improved by 29%, decreasing from $1.4 million in Q1 2024 to $1.0 million in Q1 2025. Adjusted EBITDA, however, shifted from a loss of $38 thousand in Q1 2024 to a loss of $493 thousand in Q1 2025. Moatable ended the quarter with $24.1 million in total cash and cash equivalents, and restricted cash.

Chief Financial Officer Scott Stone highlighted the company's consistent revenue growth over the past thirteen quarters, noting a 75% increase from $10.3 million in Q1 2022 to $18.0 million in Q1 2025. He emphasized the company's focus on strengthening productivity and maintaining its path toward profitability.

The press release also included forward-looking statements, which are subject to risks and uncertainties. Moatable cautioned investors that actual results could differ materially from these projections. The company also provided a definition of Adjusted EBITDA, a non-GAAP financial measure, to provide a clearer picture of the company's financial performance.

BNN's Perspective: While the revenue growth is encouraging, the increase in Adjusted EBITDA loss warrants closer scrutiny. It's important to monitor whether the company can translate its revenue gains into improved profitability in the coming quarters. The strong cash position provides a cushion, but the company needs to demonstrate a clear path to sustainable profitability to build investor confidence.

Keywords: Moatable, MTBLY, OTC Pink, SaaS, financial results, Q1 2025, revenue growth, gross profit, loss from operations, Adjusted EBITDA, Lofty, Trucker Path, Scott Stone, financial performance, forward-looking statements, non-GAAP, profitability, financial results, Q1 2024, software company, business, stock, shares, investment.

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