Marti Technologies, Inc. (MRT)

Marti Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	18.95	20.03	24.99	17
Revenue Growth (YoY)	-23.39%	-19.84%	46.99%	-
Cost of Revenue	20.85	23.98	26.98	16.4
Gross Profit	-1.89	-3.95	-1.99	0.6
Selling, General & Admin	29	22.37	10.65	6.86
Research & Development	1.07	1.95	1.88	1.04
Other Operating Expenses	1.91	1.48	0.19	1.71
Operating Expenses	31.98	25.81	12.71	9.62
Operating Income	-33.87	-29.76	-14.71	-9.02
Interest Expense	-10.33	-6.74	-1.88	-0.61
Interest & Investment Income	-	0.83	0.23	0.18
Currency Exchange Gain (Loss)	2.73	2.73	2.34	-4.09
Other Non Operating Income (Expenses)	-0.03	-0.03	-0.05	-0.01
EBT Excluding Unusual Items	-41.51	-32.97	-14.07	-13.55
Legal Settlements	-0.85	-0.85	-0.18	-0.04
Pretax Income	-42.35	-33.81	-14.25	-13.58
Income Tax Expense	-	-	-	0.89
Net Income	-42.35	-33.81	-14.25	-14.47
Net Income to Common	-42.35	-33.81	-14.25	-14.47
Shares Outstanding (Basic)	62	51	44	34
Shares Outstanding (Diluted)	62	51	44	34
Shares Change (YoY)	40.96%	14.66%	28.81%	-
EPS (Basic)	-0.68	-0.67	-0.32	-0.42
EPS (Diluted)	-0.68	-0.67	-0.32	-0.42
Free Cash Flow	-20.16	-19.6	-13.46	-26.87
Free Cash Flow Per Share	-0.32	-0.39	-0.31	-0.78
Gross Margin	-9.99%	-19.72%	-7.98%	3.52%
Operating Margin	-178.71%	-148.57%	-58.85%	-53.05%
Profit Margin	-223.46%	-168.82%	-57.01%	-85.14%
Free Cash Flow Margin	-106.35%	-97.88%	-53.85%	-158.07%
EBITDA	-24.14	-19.71	-5.61	-3.54
EBITDA Margin	-127.36%	-98.42%	-22.45%	-20.85%
D&A For EBITDA	9.73	10.04	9.1	5.47
EBIT	-33.87	-29.76	-14.71	-9.02
EBIT Margin	-178.71%	-148.57%	-58.85%	-53.05%
Advertising Expenses	-	3.28	0.44	0.18

Source: S&P Capital IQ. Standard template. Financial Sources.