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Moatable Reports First Quarter 2025 Financial Results

On May 15, 2025, from Phoenix, Moatable, Inc., a SaaS provider headquartered in the United States, released its financial performance report for the quarter ending March 31, 2025.
The company reported a 29% revenue increase compared to Q1 2024, rising from $14.0 million to $18.0 million, driven by continued growth in its SaaS businesses Lofty and Trucker Path.
Gross profit improved 25% to $13.4 million, loss from operations fell 29% to $1.0 million, while adjusted EBITDA worsened from a $38 thousand loss to $493 thousand loss in Q1 2025.
At the close of the quarter, Moatable reported $24.1 million in cash and equivalents, with CFO Scott Stone highlighting the company’s ongoing efforts to enhance efficiency and progress toward becoming profitable.
These results reflect steady revenue growth over thirteen quarters and suggest Moatable is progressing toward profitability while managing operational efficiency.

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PHOENIX, May 15, 2025 /PRNewswire/ -- Moatable, Inc. (OTC Pink: MTBLY) ("Moatable" or the "Company"), a leading US-based SaaS company, today announced financial results for its first quarter ended March 31, 2025.

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