Marti Technologies, Inc. (MRT)

NYSEAMERICAN: MRT · Real-Time Price · USD
3.593
+0.033 (0.92%)
At close: Jan 23, 2025, 4:00 PM
3.720
+0.127 (3.54%)
After-hours: Jan 23, 2025, 7:32 PM EST
0.92%
Market Cap 210.54M
Revenue (ttm) 18.95M
Net Income (ttm) -42.35M
Shares Out 58.60M
EPS (ttm) -0.68
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 21,696
Open 3.570
Previous Close 3.560
Day's Range 3.532 - 3.725
52-Week Range 0.710 - 3.890
Beta 0.36
Analysts n/a
Price Target n/a
Earnings Date n/a

About MRT

Marti Technologies, Inc. provides tech-enabled urban transportation services to riders in Turkey. It also operates a mobility app that provides multiple transportation services, such as a ride hailing service that matches riders with car, motorcycle, and taxi drivers, as well as operates a fleet of e-mopeds, e-bikes, and e-scooters. In addition, the company offers Super subscriber package, which enables riders to purchase the Marti rides in advance by daily or weekly. The company was founded in 2018 and is headquartered in Istanbul, Turkey. [Read more]

Sector Technology
Founded 2018
Employees 553
Stock Exchange NYSEAMERICAN
Ticker Symbol MRT
Full Company Profile

Financial Performance

In 2023, Marti Technologies's revenue was $20.03 million, a decrease of -19.84% compared to the previous year's $24.99 million. Losses were -$33.81 million, 137.4% more than in 2022.

Financial Statements

News

Marti Launches Safety Academy to Prioritize Rider Safety and Promote Sustainable Mobility

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app, Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), is proud to announce the launch of its Safety Academy, a tran...

9 days ago - Business Wire

Marti Technologies: A Lofty But Realistic Guidance To Positive Free Cash Flow In 2025

Marti Technologies, Inc. is a "Strong Buy" in Turkey's ride-hailing market, trading at $3.54 per share with a $207 million market cap. Experienced founders, leading market position, and recent monetiz...

11 days ago - Seeking Alpha

Marti's Ride-Hailing Service Introduces Dynamic Pricing to Improve Rider Experience, Increase Driver Earnings, and Increase Company Revenue

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app, Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced the launch of its dynamic pricing model, desig...

18 days ago - Business Wire

Unlocking Marti's $8 Billion Opportunity

Marti surpassed 1.6 million riders and 255,000 drivers, achieving 15% ride growth in six months. Estimated at $9–$12 billion TAM, with Marti positioned to capture a $2 billion revenue potential. Marti...

4 weeks ago - Seeking Alpha

Marti Announces Election of Alex Spiro to Its Board of Directors

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app, today announced the election of Alex Spiro to its Board of Di...

5 weeks ago - Business Wire

Marti's Ride-Hailing Service Reaches 1.61 Million Riders and 255 Thousand Registered Drivers, Exceeding December 31, 2024 Targets of 1.60 Million Riders and 245 Thousand Registered Drivers Half a Month Earlier Than Planned

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app, announced today that as of December 15, 2024, Marti's ride-ha...

5 weeks ago - Business Wire

Marti Expects to Reach Positive Free Cash Flow in 2025

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app, Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) announces its expectation to reach positive free cash flow in ...

7 weeks ago - Business Wire

Marti Releases 2023 Sustainability Report

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app, today released its 2023 Sustainability Report. The report hig...

2 months ago - Business Wire

Marti Technologies, Inc. Appoints New Interim Chief Financial Officer

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app, today announced that it has appointed Deniz Terlemez as its n...

2 months ago - Business Wire

Morguard Real Estate Investment Trust (MGRUF) Q3 2024 Earnings Call Transcript

Morguard Real Estate Investment Trust (OTC:MGRUF) Q3 2024 Earnings Conference Call October 31, 2024 4:00 PM ET Company Participants Andrew Tamlin - Chief Financial Officer John Ginis - Assistant Vice ...

2 months ago - Seeking Alpha

Marti Announces Amendment to Extend its Share Repurchase Program

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced an amendment to extend its share repurchase pro...

3 months ago - Business Wire

Marti Begins Monetizing its Ride-Hailing Service

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app, Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), has begun monetization of its ride-hailing service. As the on...

3 months ago - Business Wire

Marti Technologies, Inc. (MRT) Q2 2024 Earnings Call Transcript

Marti Technologies, Inc. (NYSE:MRT) Q2 2024 Earnings Conference Call September 30, 2024 8:30 AM ET Company Participants Oguz Alper Oktem - Founder and Chief Executive Officer Cankut Durgun - Co-Found...

4 months ago - Seeking Alpha

Marti Announces 2024 First Half Results

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced its financial and operational results for the f...

4 months ago - Business Wire

Marti Technologies, Inc. to Report 2024 First Half Results on September 30, 2024

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti”) (NYSE American: MRT), Türkiye's leading mobility super app, will announce its 2024 first half financial and operational results before the...

4 months ago - Business Wire

Marti's Ride-Hailing Service Reaches Over 1,300,000 Riders and Over 205,000 Registered Drivers, Exceeding September 30, 2024 Targets of Over 1,300,000 Riders and Over 190,000 Registered Drivers a Month Earlier Than Planned

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app, announced today that as of August 31, 2024, Marti's ride-hail...

5 months ago - Business Wire

Morguard Real Estate Investment Trust (MGRUF) Q2 2024 Earnings Call Transcript

Morguard Real Estate Investment Trust (OTC:MGRUF) Q2 2024 Earnings Call August 1, 2024 4:00 PM ET Company Participants Rai Sahi - Chairman and Chief Executive Officer Andrew Tamlin - Chief Financial O...

6 months ago - Seeking Alpha

Marti's Ride-Hailing Service Reaches Over 1,100,000 Riders and Over 170,000 Registered Drivers, Exceeding June 30, 2024 Targets of Over 1,000,000 Riders and Over 165,000 Registered Drivers

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app and only multi-modal urban mobility provider, announced today ...

7 months ago - Business Wire

Marti's Ride-Hailing Service Reaches Over 925,000 Riders and Over 155,000 Registered Drivers, Exceeding June 30, 2024 Targets a Month and a Half Earlier Than Planned

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app and only multi-modal urban mobility provider, announced today ...

8 months ago - Business Wire

Marti Technologies, Inc. Appoints New Chief Financial Officer

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app, today announced that it has appointed Oguz Erkan as its new C...

9 months ago - Business Wire

Morguard Real Estate Investment Trust (MGRUF) Q1 2024 Earnings Call Transcript

Morguard Real Estate Investment Trust (OTC:MGRUF) Q1 2024 Earnings Conference Call May 2, 2024 4:00 PM ET Company Participants Andrew Tamlin - Chief Financial Officer Conference Call Participants Jona...

9 months ago - Seeking Alpha

Marti Announces Amendment to up to $2.5M Share Repurchase Program

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced an amendment to its share repurchase program. O...

9 months ago - Business Wire

Marti's Ride-Hailing Service Reaches Over 788,000 Riders and Over 145,000 Registered Drivers

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) has hit over 788,000 unique riders and over 145,000 registered ...

9 months ago - Business Wire

Marti Technologies, Inc. (MRT) Q4 2023 Earnings Call Transcript

Marti Technologies, Inc. (NYSE:MRT) Q4 2023 Earnings Call Transcript April 16, 2024 8:30 AM ET Company Participants Oguz Alper Oktem - Founder and CEO Cankut Durgun - Co-Founder and President Confere...

10 months ago - Seeking Alpha

Marti Announces Full Year 2023 Results

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced its financial and operational results for the f...

10 months ago - Business Wire