Micromobility.com Reports Revenue Growth Amid Strategic Shift to IT Services

Micromobility.com, Inc. reported its financial results for the second quarter and first half of 2025, revealing a shift in its business focus from micromobility and media services to IT software services. For the three months ended June 30, 2025, the company generated $476,000 in revenue from related parties, a 20% increase from $398,000 in the same period of 2024. For the first half of 2025, total revenue reached $953,000, up 82% from $525,000 year-over-year. Despite this revenue growth, the company reported a net loss of $1.728 million for the second quarter, compared to a loss of $1.550 million in the prior year, and a total net loss of $1.957 million for the first half of 2025, down from $6.069 million in the same period of 2024.

The company’s operational changes are significant, as it has exited its mobility and media operations due to high costs and cash burn. This strategic pivot included the sale of its U.S. mobility business, Wheels Lab, Inc., and the European mobility and media operations to related parties. As of June 30, 2025, the company’s total assets decreased to $1.399 million from $2.136 million at the end of 2024, while total liabilities increased to $39.316 million from $35.300 million, reflecting ongoing financial challenges.

Micromobility.com’s operational metrics indicate a continued focus on its IT services. The company reported a decrease in general and administrative expenses, which fell by 24% to $645,000 in the second quarter of 2025, primarily due to reduced workforce and professional services costs. The company’s employee headcount has been adjusted in line with its new business strategy, contributing to a decrease in cash burn. The company also recorded a significant reduction in costs associated with discontinued operations, which dropped by 93% in the second quarter compared to the previous year.

Looking ahead, Micromobility.com plans to continue funding its operations through debt and equity financing, as it has experienced recurring operating losses and negative cash flows since inception. The company has entered into a Standby Equity Purchase Agreement with YA II PN, Ltd., allowing it to sell up to $25 million in shares over the next three years. However, the company acknowledges the uncertainty surrounding its ability to raise additional capital and the potential impact on its operations. The management's outlook remains cautious, emphasizing the need for a sustainable revenue model to support its cost structure and achieve profitability.