Moatable, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:56 pm EDT
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Moatable, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 12.85 million compared to USD 10.85 million a year ago. Revenue was USD 12.87 million compared to USD 10.99 million a year ago. Net loss was USD 8.41 million compared to USD 1.36 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to USD 0.045 a year ago. Diluted loss per share from continuing operations was USD 0.36 compared to USD 0.045 a year ago.
For the six months, sales was USD 24.93 million compared to USD 21.12 million a year ago. Revenue was USD 25.02 million compared to USD 21.31 million a year ago. Net loss was USD 2.44 million compared to USD 4.67 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.18 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to USD 0.18 a year ago.
Moatable, Inc. help companies, small business owners, and sole proprietors streamline their operations, reach more customers, and close business transactions using its SaaS products and services. It operates two software-as-a-service (SaaS) businesses, Lofty and Trucker Path. Lofty offers a real estate sales acceleration and client lifecycle management platform that allows real estate professionals to obtain and nurture leads, close transactions, and retain their clients. The platform combines Internet data exchange (IDX) websites, lead generation, marketing automation, advanced lead management, and AI to capture and convert leads into new business. Trucker Path is a driver-centric online transportation management platform. Trucker Path provides trip planning, navigation, freight sourcing, a marketplace that offers goods and services truckers use to operate their businesses and helps connect qualified brokers and carriers to expand their reach and initiate and complete transactions.