YAYYO INC - YAYO STOCK NEWS

On April 19, 2023, EVmo (OTC: YAYO) reported a record financial performance for the year ending December 31, 2022. Revenue reached $12.6 million, reflecting a 23% increase from $10.2 million in 2021. The company achieved high driver retention rates, with over 60% of customers renting vehicles for 80 days or longer. Additionally, the fleet now comprises 35% electric and hybrid vehicles, with plans to increase this to 50% by year-end 2023.

CEO Stephen Sanchez highlighted the viability of the business model and expressed optimism for continued growth as the fleet expands. A conference call is scheduled for April 19 at 5:00 p.m. ET to discuss these results further.

EVmo, Inc. (OTC: YAYO) announced a conference call to discuss its financial results for the year ended December 31, 2022, scheduled for April 19, 2023, at 5:00 p.m. ET. The call will include a Q&A session following management's remarks. The company's platform supports rideshare and delivery drivers by providing rental vehicles, along with fleet management services. This service caters to both high and low economic categories within the gig economy. A recording of the call will be available until October 19, 2023. Investors can access financial performance information on the company's investor relations website.

EVmo, Inc. (OTC: YAYO) announced it will file a Form 12b-25 Notification of Late Filing with the SEC, allowing a 15-day extension to finalize its financial close process. The company expects to submit its Form 10-K on or before April 15, 2023. EVmo specializes in providing rental vehicles to the rideshare and gig economy sectors, operating a managed fleet of over 1,000 vehicles. The company plans to hold a conference call for investors following the filing.

EVmo, Inc. (OTC: YAYO) announced that CEO Steve Sanchez will present at the SHARE Series event on December 5 at 10:00 AM ET. The virtual event is accessible to all investors via live stream, with slides available on the company's Investor Relations website post-event. EVmo is a provider of rental vehicles tailored for the rideshare and gig economy, boasting a fleet of over 1,000 managed vehicles. The company aims to facilitate drivers in the gig economy by offering flexible rental terms through its user-friendly booking platform, Rent, Drive, Earn™.

EVmo, Inc. (OTC: YAYO) reported its third quarter 2022 results, achieving positive EBITDA of $117K, a turnaround from a negative $3.9 million in Q3 2021. Revenue reached a record $3.55 million, up 30% year-over-year, primarily due to new vehicle acquisitions and increased rental rates. The company adjusted its 2022 revenue guidance to a range of $13 million to $15 million, citing delays in vehicle deliveries. Cash reserves improved to $4.3 million from $1.9 million at the end of 2021, supported by the addition of 384 vehicles valued at $9 million.

EVmo, Inc. (OTC: YAYO) will host a conference call on November 15, 2022, at 4:30 p.m. ET to discuss the financial and operational highlights for Q3 2022, which ended on September 30. The call will include a Q&A session following management's remarks. EVmo provides rental vehicles to the rideshare and delivery gig economy, supporting both high and low-income drivers with innovative policies and fleet management services. A recording of the webcast will be available until November 15, 2023.

EVmo, Inc. (OTC: YAYO) has signed a three-year agreement with Trek World USA to provide vehicles for non-emergency healthcare transportation, starting in Illinois. The partnership aims to enhance access to healthcare for underserved communities, with an initial fleet of 20 four-door sedans. EVmo's CEO highlighted the growth potential in corporate services and the importance of partnerships for expanding their geographic footprint. The agreement includes rate adjustments every six months and sets the stage for nationwide expansion over the next three years.