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Thursday, May 19, 2022

Helbiz Live in Italy: Helbiz, Inc. (HLBZ) Stock Shining After Hours.

Helbiz, Inc. (HLBZ) is a leading international micro-mobility services provider offering a varied fleet of vehicles such as e-scooters, e-bicycles, and e-mopeds on a user-friendly platform. The company uses exclusive fleet management technology, AI, and environmental mapping to improve its operational capability and business sustainability. The company is also growing its urban lifestyle services to include food delivery, live streaming services, and financial services within its mobile application.


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HLBZ stock price during the regular trading session of April 1, 2022, was $3.35 with a significant gain of 8.77%. Its price surged further as of the writing in the aftermarket session by 6.57%.

HLBZ: Events and Happenings

On April 1, 2022, HLBZ reported about the availability of Helbiz Live on Amazon Prime Video Channels, after the recently accomplished technology integration. The service will be accessible to all customers in Italy by April 7, 2022. On March 31, 2022, HLBZ updated on reporting its full fiscal year 2021 outcomes on April 14, 2022.

On March 25, 2022, HLBZ announced its selection as the sole micro-mobility public e-bike vendor for Serbia. The contract is the first of its kind for Serbia and designated the company as the exclusive vendor for approximately 15 years. On March 22, 2022, HLBZ stated the participation of its Executive management at the March Small Cap Virtual Conference held on March 24, 2022.

HLBZ: Key Financials

HLBZ issued its consolidated financial statement on November 15, 2021, for the third quarter of fiscal 2021 ended on September 30, 2021. Some important highlights are mentioned below.

Revenue

No revenue was observed during the comparable third quarter of 2021 and 2020.

EPS

Net loss basic and diluted for Q3 2021 was $28.3 million or $1.09 per share corresponding to the $5.65 million or $0.29 per share in the corresponding three months of 2020. The company’s EPS declined drastically YoY.

Conclusion

HLBZ stock down fell by 73% in the last few months primarily due to the impact of the COVID-19 pandemic. Its price rose significantly in the aftermarket as the company is gearing for its FY21 financials along with the latest development of Helbiz Live on Amazon Prime Video Channels.

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