YAYYO INC - YAYO STOCK NEWS

EVmo, Inc. (OTC: YAYO) reported Q2 2022 revenue of $2.9 million, an 8.5% increase from Q2 2021. The growth was driven by the addition of new vehicles, leading to improved leasing terms and a positive shareholders’ equity of $7.0 million, a turnaround from a negative equity of $4.4 million at year-end 2021. The company aims for a fleet expansion of 400 vehicles quarterly and anticipates revenue of $50 million in 2023. The net loss narrowed to $1.2 million from $1.8 million in the prior year, attributed to lower financing costs.

EVmo, Inc. (OTC: YAYO) will hold a conference call on August 17, 2022, at 4:30 p.m. ET to discuss Q2 operational and financial highlights for the period ending June 30, 2022. A Q&A session will follow the management's remarks. EVmo is a key player in providing vehicles for the rideshare and delivery gig economy, serving both high and low economic categories with unique programs. The conference call can be accessed via a live call or webcast.

RedChip Companies announced that an interview with EVmo, Inc. (OTC:YAYO) will air on The RedChip Money Report on Bloomberg TV on August 6, 2022, at 7 p.m. ET. The segment will cover topics such as EVmo's partnerships with universities, fleet services, and expansion plans. The interview will be accessible via a dedicated link. EVmo, a leader in providing rental vehicles for the gig economy, aims to support drivers and delivery companies with innovative policies.

LOS ANGELES, July 18, 2022 (GLOBE NEWSWIRE) -- EVmo, a leader in vehicle rental for the rideshare and delivery gig economy, announced that Michael Harris, Vice President of Engineering, will participate in the Water Tower Research Fireside Chat on July 21, 2022, at 10:00 am ET. The event is open to all, and the live webcast can be accessed on the Water Tower Research website. Harris will discuss EVmo's technology offerings, the development of a new customer website and mobile app, and how these innovations enhance earnings for end-customers.

EVmo, Inc. (OTC:YAYO) will feature in a C-Level interview on The RedChip Money Report® airing June 18 at 7 p.m. ET on Bloomberg TV, reaching approximately 73 million homes. CEO Stephen Sanchez will discuss the company's expanding electric vehicle fleet, anticipated revenue growth, and path to profitability. EVmo connects rideshare drivers with vehicles, emphasizing an innovative cost-efficient model leveraging federal incentives. With significant partnerships with ChargePoint, Tesla, and Hyundai, the firm is poised for growth in key US markets.

EVmo, Inc. (OTC: YAYO) announced that CFO Ryan Saathoff will participate in the Water Tower Research Fireside Chat Series on June 9, 2022, at 11:00 am ET. The event is accessible through the Water Tower Research website. Saathoff will outline the company's strategy to more than triple its rental fleet this year, enhancing margin performance and balance sheet strength. This initiative aims to boost cash flows as EVmo grows its fleet, supporting the rideshare and gig economy sectors.

EVmo, Inc. (YAYO) reported Q1 2022 revenue of $2.5 million, a 6.7% increase from Q1 2021. The company also achieved positive shareholders' equity of $8.0 million, an improvement from a negative equity of $4.4 million in 2021. Expected revenue for 2022 is between $18.2 million and $19.4 million, with gross margins of 36% to 40% before vehicle depreciation. The company plans to expand its fleet by adding approximately 400 vehicles quarterly and aims for over 2,000 vehicles by year-end 2022.

EVmo, Inc. (OTC: YAYO) will have Greg Fischer, Vice President of Sales & Marketing, participate in the Water Tower Research Fireside Chat Series on April 19, 2022, at 1:00 PM ET. The event, which is open to all, will focus on EVmo's strategies for customer acquisition and plans to triple its rental fleet this year. Interested individuals can register and view the presentation live at the Water Tower Research website. EVmo specializes in providing rental vehicles for the rideshare and delivery gig economy, supporting drivers across various economic categories.

EVmo, Inc. (OTC: YAYO) announced its financial results for the fourth quarter and fiscal year ended December 31, 2021. The company reported record revenue of $10.2 million, up 34.3% from $7.6 million in 2020. Key highlights include a new $15 million debt facility and plans to expand its fleet by 400 vehicles quarterly. EVmo projects 2022 revenue between $18.2 million and $19.4 million with anticipated gross margins of 36% to 40%. Despite a net loss of $15 million in 2021, management remains optimistic about profitability as fleet size grows.