Moatable, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 17, 2023 at 06:03 am EST
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Moatable, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 13.26 million compared to USD 11.85 million a year ago. Revenue was USD 13.29 million compared to USD 12 million a year ago. Net loss was USD 6.85 million compared to USD 52.13 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to USD 2.07 a year ago. Diluted loss per share from continuing operations was USD 0.36 compared to USD 2.07 a year ago.
For the nine months, sales was USD 38.19 million compared to USD 32.96 million a year ago. Revenue was USD 38.31 million compared to USD 33.3 million a year ago. Net loss was USD 9.29 million compared to USD 56.81 million a year ago. Basic loss per share from continuing operations was USD 0.405 compared to USD 2.25 a year ago. Diluted loss per share from continuing operations was USD 0.405 compared to USD 2.25 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.
MOATABLE, INC. 
