Brief: Wejo Group Ltd Reports Q2 Net Revenue Increased 198% To $1.6 Million

Wejo

15/08/2022 12:35

Aug 15 (Reuters) - Wejo Group Ltd  WEJO.O :
    * Q2 REVENUE 1.6 MILLION USD
    * Q2 NET LOSS -55.4 MILLION USD
    * IMPROVED CAPITAL OUTLOOK WITH SUCCESSFUL CAPITAL RAISE AND
COST
REDUCTIONS EXTEND CAPITAL RUNWAY TO LATE 2023
    * MAINTAINING ITS PRIOR FULL-YEAR 2022 GUIDANCE OF NET
REVENUE OF
$10 MILLION AND VEHICLES ON PLATFORM IN RANGE OF 27 MILLION TO
32 MILLION
    * QTRLY NET REVENUE INCREASED 198% TO $1.6 MILLION
    * QTRLY LOSS PER SHARE $0.58

Source text for Eikon:  ID:nBw9G3Vr8a 
Further company coverage:  WEJO.O 

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