Marti Technologies Inc

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Marti Technologies, Inc. engages in the provision of tech-enabled urban transportation services to riders across Turkiye. It operates through the Ride-Hailing and Two-Wheeled Electric Vehicle Rentals segments. The Ride-Hailing segment focuses on the service which matches riders with drivers traveling in the same direction to share car and motorcycle rides. The Two-Wheeled Electric Vehicle Rentals segment includes electric scooter, electric bike, and electric moped rental services. The company was founded by Cankut Durgun and Oguz Alper Oktem in 2018 and is headquartered in Istanbul, Turkey.

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's driver subscription model implies a 10% effective take rate, offering $800 million initial revenue potential.

Unlocking Marti's $8 Billion Opportunity

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 Directors as a Class II director at the Company's 2024 annual general meeting of shareholders. In addition to being a well known litigator and partner at Quinn Emanuel Urquhart & Sullivan LLP, Mr. Spiro serves as Chairman of Glassbridge Enterprises and is a board member and strategic advisor to a.

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, announced today that as of December 15, 2024, Marti's ride-hailing service has reached 1.61 million riders and 255 thousand registered drivers, exceeding the December 31, 2024 targets of 1.60 million riders and 245 thousand registered drivers. Marti's number of ride-hailing riders grew 15% from September 30, 2024 to December 15, 2024. The number of registere.

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)--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 2025 and presents 2025 guidance. After two years of investing in growing its ride-hailing business, Marti announced in October 2024 that it has begun monetizing its ride-hailing service. As the only at scale ride-hailing operator in the country, together with the monetization of its ride-hailing se.

Marti Expects to Reach Positive Free Cash Flow in 2025

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 highlights Marti's 2023 sustainability achievements as well as the Company's future commitments and is available under the Sustainability tab on the Company's investor relations website at https://ir.marti.tech/sustainability. “We are pleased to share our 2023 Sustainability Report, reflecting our ded.

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 announced that it has appointed Deniz Terlemez as its new Interim Chief Financial Officer (“CFO”), effective November 1, 2024. Deniz Terlemez succeeds Oguz Erkan, the Company's former CFO. Mr. Terlemez served as the Company's Finance Director before his appointment as Interim CFO. “We would like to thank Oguz Erkan for his integral contributions to the.

Marti Technologies, Inc. Appoints New Interim Chief Financial Officer

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 President, Retail Asset Management Todd Febbo - Vice President, Eastern Office Management Conference Call Participants Jonathan Kelcher - TD Cowen Operator Good afternoon, ladies and gentlemen, and welcome to the Morguard Real Estate Investment Trust 2024 Third Quarter Results Conference Call. At this time, all lines are in listen-only mode.

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

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 program. The Company's Board of Directors (the “Board”) authorized a six month extension to its share repurchase program under which the Company may repurchase up to $2.5 million of its outstanding Class A ordinary shares until April 9, 2025. The share repurchase program was originally initiated on Ja.

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), has begun monetization of its ride-hailing service. As the only at-scale ride-hailing operator in the country, Marti spent two years growing its ride-hailing business line before today announcing that it has begun monetization. Marti is initially monetizing its ride-hailing service in the form of driver subscription packages in which drivers purchase via sub.

Marti Begins Monetizing its Ride-Hailing Service

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-Founder and President Conference Call Participants Brett Knoblauch - Cantor Fitzgerald Poe Fratt from - Global Partners Operator Hello, everyone, and thank you for joining us for Marti's First Half 2024 Conference Call. Before we begin, I'd like to mention that today's presentation and earnings release are available on Marti's Investor Relations website at ir.marti.tech.

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

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 first half of 2024. Financial and Operational Highlights for the First Half of 2024 Capital efficient investments in ride-hailing produce performance exceeding operational targets Revenue of $8.4M, net loss of $21.9M, and adjusted EBITDA of $(11.3)M in 1H'24. On track to achieve FY'24 guidance of $1.

Marti Announces 2024 First Half Results

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 U.S. markets open on Monday, September 30, 2024. Conference Call and Webcast Details Marti's management will host an analyst and investor conference call and live webcast to discuss its financial and operational results at 3:30 p.m. Istanbul / 1:30 p.m. London / 8:30 a.m. New York time on Monday,.

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

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-hailing service has reached over 1,300,000 riders and over 205,000 registered drivers, exceeding the September 30, 2024 targets of over 1,300,000 riders and 190,000 registered drivers. Marti's number of ride-hailing riders grew 18% from June 30, 2024 to August 31, 2024. The number of registered drivers.

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

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 Officer John Ginis - Assistant Vice President, Retail Asset Management Tom Johnston - Senior Vice President, Western Asset Management Todd Febbo - Vice President, Eastern Office Management Conference Call Participants Jonathan Kelcher - TD Cowen Steve Mishan - Private Investor Operator Good afternoon, ladies and gentlemen, and welcome to the Morguard REIT 2024 Second Quarter Results Conference Call. [Operator Instructions] I would now like to turn the conference over to Andrew Tamlin.

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

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 that as of June 30, 2024, Marti's ride-hailing service has reached over 1,100,000 riders and over 170,000 registered drivers, exceeding the June 30, 2024 targets of over 1,000,000 riders and 165,000 registered drivers. Marti's number of ride-hailing riders grew 121% from December 31, 2023 to June 3.

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 that as of May 20, 2024, Marti's ride-hailing service has reached over 925,000 riders and over 155,000 registered drivers. These figures have already exceeded the June 30, 2024 targets of 900,000 riders and 155,000 registered drivers and have been achieved a month and a half earlier than planned. M.

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, today announced that it has appointed Oguz Erkan as its new Chief Financial Officer (“CFO”), effective May 17, 2024. Oguz Erkan replaces the Company's former CFO, Cem Yasar Ozey. “We welcome Oguz Erkan as Marti's new CFO. Oguz is an experienced finance executive, having led the finance departments of the Turkish subsidiaries of US publicly listed companies.

Marti Technologies, Inc. Appoints New Chief Financial Officer

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 Jonathan Kelcher - TD Securities Tom Callaghan - RBC Capital Markets Operator Good afternoon, ladies and gentlemen, and welcome to the Morguard Real Estate Investment Trust 2024 First Quarter Conference Call. At this time, all lines are in listen-only mode.

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

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. On April 24, 2024, the Company's Board of Directors (the “Board”) authorized a 3 month extension to its original 6 month share repurchase program under which the Company may repurchase up to $2.5 million of its outstanding Class A ordinary shares, which was originally initiated on January 10, 2024.

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) has hit over 788,000 unique riders and over 145,000 registered drivers in its ride-hailing business as of April 23, 2024. These figures include the unique riders and registered drivers from the Company's car hailing and motorcycle hailing services, which it launched in October 2022, as well as those from its taxi-hailing service launched more recently in Febru.

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

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 Conference Call Participants Thomas Shemia - Cantor Fitzgerald Operator Hello, everyone, and thank you for joining us for Marti's Full Year 2023 Conference Call. Before we begin, I would like to mention that today's presentation and earnings release are available on Marti's investor relations website at ir.marti.tech, where you can also find links to our SEC filings, along with other information about Marti.

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

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 full year ended December 31, 2023. Financial and Operational Highlights for Full Year 2023 Capital efficient investments in ride-hailing produce performance exceeding operational targets Focus on operational efficiencies in two-wheeled electric vehicle rental business contribute to performing in lin.

Marti Announces Full Year 2023 Results

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti”) (NYSE American: MRT), Türkiye's leading mobility super app, will announce its full year 2023 financial and operational results before the U.S. markets open on Tuesday, April 16, 2024. Conference Call and Webcast Details Marti's management will host an analyst and investor conference call and live webcast to discuss its financial results at 3:30 p.m. Istanbul / 1:30 p.m. London / 8:30 a.m. New York time on Tuesday, April 16, 2024. Liv.

Marti Technologies, Inc. to Report Full Year 2023 Results on April 16, 2024

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) operates car-hailing and motorcycle-hailing services, and a fleet of around forty thousand e-bikes, e-mopeds, and e-scooters across the country. As the largest multi-modal urban mobility operator in the country, and in line with its goal of offering a single app to meet all of the transportation needs of urban residents, Marti today announced the launch of its.

Marti Launches Taxi-Hailing Service as Its Sixth Urban Transportation Modality

Morguard Real Estate Investment Trust (MGRUF) Q4 2023 Earnings Call Transcript

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