WEJO - WEJO STOCK NEWS

Wejo Group Limited has launched Wejo RTTI, a Real-Time Traffic Intelligence solution that provides comprehensive traffic and road condition data using insights from millions of connected vehicles. This service, designed for various industries including logistics and civil engineering, offers low-latency updates, accurate event reporting, and the ability to help manage road safety and congestion. With access to data from approximately 12 million vehicles, Wejo RTTI aims to enhance operational efficiency, improve traffic management, and support the development of smart city infrastructure.

Wejo Group Limited (NASDAQ: WEJO) reports strong growth in 2021, with net revenue increasing 92% to $2.6 million, driven by a 29% rise in monetizable vehicles on its platform and a 113% increase in customers. Despite a net loss of $218 million and an adjusted EBITDA loss of $68 million, Wejo secured significant contracts and launched innovative services such as Wejo Neural Edge. In 2022, Wejo expects net revenue to rise to $10 million and aims to expand its product offerings while enhancing EV adoption, positioning itself for further growth.

Wejo Group Limited (NASDAQ: WEJO) has rescheduled its announcement for the 2021 fourth quarter and full-year financial results to March 31, 2022. The results will be disclosed shortly after market close, followed by a business update webcast at 5:00 p.m. EDT. Wejo continues to utilize SEC filings, press releases, and webcasts for material information dissemination. The company manages data from 16 million vehicles and aims to create smarter mobility solutions. Investors can register for the webcast on Wejo's Investor Relations page.

Wejo Group Limited (NASDAQ: WEJO) has announced its intention to report financial results for the fourth quarter and full-year 2021 on March 29, 2022, followed by a business update call at 8:30 am EDT. During the call, CEO Richard Barlow and CFO John Maxwell will discuss the company's financial performance, business strategy, and operational KPIs, as well as provide a 2022 outlook. Wejo, a leader in vehicle data analytics, aims to enhance mobility through comprehensive vehicle data analytics from 11.7 million vehicles globally.

Wejo Group Limited (NASDAQ: WEJO) has announced the launch of its Dealer Intelligence solutions at the National Automobile Dealers Association (NADA) Show in Las Vegas. These innovative solutions leverage near real-time connected vehicle data (CVD) to enhance customer experiences, optimize aftersales profits, and streamline inventory management for dealership operations. Key features include Dealer Performance Intelligence and the upcoming Proactive Maintenance service, aimed at predicting vehicle repair needs and improving operational efficiency. The solutions seek to transform dealership service centers into revenue-generating functions.

Wejo Group Limited, a leader in cloud analytics for connected vehicles, received the ArcGIS Marketplace Award at the 2022 Esri Partner Conference for innovation in GIS technology. This achievement highlights Wejo's collaboration with Esri, utilizing data from over 12 million connected vehicles and 13.2 trillion data points. The partnership enhances infrastructure decision-making, such as EV charging placement, benefiting various sectors including transportation and government. Wejo's accurate data covers 95% of the US road network, providing substantial opportunities for analysis.

Wejo Group Limited has entered into a Common Stock Purchase Agreement providing a financing facility of up to $100 million over 36 months with CF Principal Investments, LLC, an affiliate of Cantor Fitzgerald. The funds will support key investments, including expanding OEM relationships and launching new products like Wejo Neural Edge. The agreement allows issuance of up to 18,780,646 shares, and updates on business performance will be provided alongside Q4 and full-year 2021 results.

Wejo Group Limited (NASDAQ: WEJO) has launched the Electric Vehicle (EV) Infrastructure Operating System, an innovative platform designed for effective EV charger site selection and management, leveraging Palantir Foundry. This unique OS integrates Wejo's extensive connected vehicle data with proprietary data from various organizations, enabling efficient planning and operational strategies for charging networks. The system aims to foster equitable access to EV charging while maximizing revenue and reliability for users, including government agencies and automakers.

Wejo Group Limited (NASDAQ: WEJO) announced its participation in two upcoming investor conferences on January 11 and January 25, 2022. CEO Richard Barlow and CFO John Maxwell will present Wejo's automotive data analytics innovations and discuss partnerships with Microsoft (NASDAQ: MSFT) and Palantir (NYSE: PLTR). These collaborations enhance data management and cloud communication for connected vehicles. Wejo aims to revolutionize mobility by analyzing data from approximately 12 million vehicles globally. A webcast of the Needham Conference presentation will be available on Wejo's investor relations website.