MeritValue

micromobility.com Inc.

MCOMdata completeness 75%5 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'

i. The business — what you’d actually own
FigureFY 2020FY 2021FY 2022FY 2023FY 2024
Revenue$4.42M1$12.8M2$8.95M3$6.16M3$1.42M4
Net income−$24.6M5−$72M6−$82.1M7−$62.1M8$8.15M8
Operating cash flow−$11.4M9−$43M10−$43.1M11−$37.5M12−$8.51M12
Capital expenditure—————
Free cash flow (derived)—————
Total debt—$51.9M13———
Cash & equivalents$757,00014$21.1M15$429,00016$67,00017$84,00017
Diluted shares2.3M—8,7681.4M68.0M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$4.88
your share of equity
Profit it earned you last year
$1.2
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$4.88 of net worth that earned you $1.2 last year.

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
+2922% shares · 5y

Share count is up 2922% over 5 years — owners have been diluted. Worth asking what they got for it. Total debt has held roughly steady.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.5.0
DCF · Growth Exit 10Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
book value / share count missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2020-12-31 · accession 0001079973-22-000422 (Revenues)
  2. 10-K · period ending 2021-12-31 · accession 0001079973-23-000382 (Revenues)
  3. 10-K · period ending 2022-12-31 · accession 0001079973-24-000555 (RevenueFromContractWithCustomerIncludingAssessedTax)
  4. 10-K · period ending 2024-12-31 · accession 0001079973-25-000651 (Revenues)
  5. 10-K · period ending 2020-12-31 · accession 0001079973-22-000422 (NetIncomeLoss)
  6. 10-K · period ending 2021-12-31 · accession 0001079973-23-000382 (NetIncomeLoss)
  7. 10-K · period ending 2022-12-31 · accession 0001079973-24-000555 (NetIncomeLoss)
  8. 10-K · period ending 2023-12-31 · accession 0001079973-25-000651 (NetIncomeLoss)
  9. 10-K · period ending 2020-12-31 · accession 0001079973-22-000422 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-12-31 · accession 0001079973-23-000382 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2022-12-31 · accession 0001079973-24-000555 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2023-12-31 · accession 0001079973-25-000651 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-12-31 · accession 0001079973-22-000422 (LongTermDebt)
  14. 10-K · period ending 2020-12-31 · accession 0001079973-22-000422 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K · period ending 2021-12-31 · accession 0001079973-23-000382 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2022-12-31 · accession 0001079973-24-000555 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2023-12-31 · accession 0001079973-25-000651 (CashAndCashEquivalentsAtCarryingValue)