BRIEF-Helbiz Regained Nasdaq Compliance With Market Value Of Listed Securities Requirement

Reuters2023-03-29

March 28 (Reuters) - Helbiz Inc :

* HELBIZ INC- REGAINED NASDAQ COMPLIANCE WITH MARKET VALUE OF LISTED SECURITIES REQUIREMENT

* HELBIZ INC- FULL YEAR REVENUE UP 21% Y/Y AND ANNUAL ACTIVE PLATFORM USERS UP 15% Y/Y

* HELBIZ INC- ONGOING COST OPTIMIZATION REDUCED FY RESEARCH AND DEVELOPMENT, SALES & MARKETING, AND G&A EXPENSES TO 47% OF TOTAL OPERATING EXPENSES FROM 53% IN 2021

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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