Aankondiging • Aug 22
Getaround, Inc. announced delayed 10-Q filing On 08/21/2025, Getaround, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • May 16
Getaround, Inc. announced delayed 10-Q filing On 05/15/2025, Getaround, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • Apr 01
Getaround, Inc. announced delayed annual 10-K filing On 03/31/2025, Getaround, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Aankondiging • Feb 12
Getaround, Inc. Announces Wind-Down of U.S. Operations Getaround, Inc. announced that it has plans to commence an orderly wind-down of its U.S. business operations, which includes its car-share and HyreCar businesses. Getaround’s European business will continue operating to provide car-sharing services for customers in all current European markets. Getaround, together with its financial and legal advisors, engaged in an extensive analysis of all available alternatives to identify a solution that would allow the U.S. business to continue. The Company ultimately determined that an orderly wind-down of the U.S. business is necessary to maximize the value of Getaround’s assets for all stakeholders. This move is part of a broader effort to streamline operations and better focus on the most strategic opportunities in Europe. Aankondiging • Aug 09
Getaround, Inc. to Report Q2, 2024 Results on Aug 12, 2024 Getaround, Inc. announced that they will report Q2, 2024 results After-Market on Aug 12, 2024 Aankondiging • Aug 07
NYSE Files Form 25 with SEC to Delist Getaround Common Stock As previously disclosed, on July 9, 2024, Getaround, Inc. (the Company") received notice the New York Stock Exchange (NYSE") suspended trading of its common stock on the NYSE effective immediately and started the process to delist the Company's common stock from the NYSE. The start of the delisting process followed the NYSE's determination under Rule 802.01B of the NYSE Listed Company Manual that the Company did not meet the continued listing standard that requires listed companies to maintain an average global market capitalization of at least $15 million over a period of 30 consecutive trading days. The Company had a right to appeal the determination to delist its common stock and filed a written request for such a review on July 23, 2024. On August 02, 2024, the Company notified NYSE that it determined to officially withdraw its request for a hearing. On August 5, 2024, NYSE filed a Form 25 with the Securities and Exchange Commission to delist the Company's common stock from listing and registration on NYSE effective on August 16, 2024. The Company's common stock and public warrants are quoted on the OTC Pink Market under the symbols GETR" and GETRW," respectively. Aankondiging • Jul 05
Getaround, Inc., Annual General Meeting, Jul 31, 2024 Getaround, Inc., Annual General Meeting, Jul 31, 2024. Reported Earnings • May 13
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: US$0.32 loss per share (further deteriorated from US$0.25 loss in 1Q 2023). Revenue: US$17.2m (up 49% from 1Q 2023). Net loss: US$31.0m (loss widened 36% from 1Q 2023). Revenue missed analyst estimates by 44%. Earnings per share (EPS) also missed analyst estimates by 60%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Transportation industry in the US. Major Estimate Revision • May 12
Consensus revenue estimates decrease by 38%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$129.8m to US$80.0m. EPS estimate increased from -US$0.86 to -US$0.76 per share. Transportation industry in the US expected to see average net income growth of 24% next year. Consensus price target of US$3.50 unchanged from last update. Share price rose 8.2% to US$0.22 over the past week. Aankondiging • May 11
Getaround Appoints New Independent Directors to Its Board Getaround announced three new additions to its Board of Directors. Nikul Patel, Neil Savage and Qais Sharif effective May 6, 2024. They will join existing directors Jason Mudrick, Bruno Bowden, Ravi Narula, Sam Zaid and Chief Executive Officer Eduardo Iniguez on the Board. All three bring extensive public company senior management experience to Getaround’s Board and meet the New York Stock Exchange’s independent director standard, strengthening the Company’s corporate governance. Nikul Patel is the Founder and CEO of LoanGlide, Inc. Prior to LoanGlide, Mr. Patel held several senior management positions LendingTree, Inc. including Chief Strategy Officer, Chief Operating Officer, and Chief Product Officer. Prior to joining LendingTree, Mr. Patel held various leadership positions at Bills.com, Inc. and Intel Corporation. Mr. Patel serves as a director of Data Axle, Inc., and Skyline Champion Corporation. He holds an MBA from the Wharton School of the University of Pennsylvania, an MS in Computer Engineering from Florida Atlantic University, and a BS in Electronics and Communication Engineering from Gujarat University. Neil Savage served as Chief Revenue Officer and then President and Chief Operating Officer of LendingTree where he was responsible for overall company revenue and then management of the company’s day-to-day operations. Prior to LendingTree, he held senior roles at CBS Corporation, CityGrid Media, LLC, and YellowPages.com. He holds an MA in Computer Resources and Information Management from Webster University and a BS in Business Management from the University of South Carolina. Qais Sharif has had a distinguished career building and bringing new technologies to worldwide markets. He has held various global management positions at Visteon Corporation, where he currently serves as Senior Vice President and General Manager of the Americas and Energy Storage Solutions. Prior to Visteon, he was Vice President, IT & Mobile USA Sales and Marketing, for LG Electronics Inc.’s consumer and automotive display markets. Previous to that, he held global senior leadership roles at TE Connectivity, Sharp Microelectronics and Toshiba. He holds a BS in Electrical Engineering from Southern Illinois University. Board Change • May 08
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Bruno Bowden is the most experienced director on the board, commencing their role in 2022. Independent Director Ravi Narula was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Aankondiging • Mar 11
Getaround Announces Promotion of Aj Lee as COO Getaround announced the promotion of AJ Lee, Getaround’s former General Manager of Gig, to Chief Operating Officer. In this role, Lee will report to Getaround CEO Eduardo Iniguez, to accelerate the Company's growth and path to profitability. Lee will have broad responsibilities including operations, marketing, sales and other functions to drive operational excellence across the Company. Lee joined the Company as the General Manager of Gig following Getaround’s acquisition of HyreCar, Inc.’s assets in May 2023. In that role, he had direct P&L ownership of Getaround’s Drive With Uber program as well as the HyreCar business. Lee brings an established track record of driving results to the COO role, having previously served as Senior Vice President of Growth at Airspace, a global AI-powered logistics platform where he built and optimized revenue functions for scale in the U.S. and Europe. Previously, he served in senior roles in strategy, operations and marketing at technology companies including NEXT Trucking and Amazon. Aankondiging • Feb 08
Getaround, Inc. Announces Restructuring Plan to Accelerate the Path to Profitability Getaround, Inc. announced the Company will restructure its workforce and operations to reduce costs and align with the globalization of the Company’s carsharing business, as it strives to lengthen its cash runway and accelerate its path to profitability. This new plan includes a workforce reduction, effective immediately, that impacts approximately 30% of the Company’s North American staff. The Company anticipates that this cost reduction program will result in savings of approximately $7 million on an annualized run-rate basis. The Company expects to incur up to $1 million in restructuring costs in connection with the workforce reductions. Aankondiging • Jan 13
Getaround, Inc. Receives Non-Compliance Notice From NYSE On January 5, 2024, Getaround, Inc. (the “Company”) received written notice (the "NYSE Notice") from the New York Stock Exchange (the “NYSE”) that the Company was not in compliance with the continued listing standards set in Sections 302 and 303A of the NYSE Listed Company Manual, which requires issuers to hold an annual meeting during each fiscal year pursuant to Section 302 of the Listed Company Manual. The Company was unable to hold an annual meeting during its 2023 fiscal year due to a lengthy delay in completing the financial audit of its 2022 results, and resulting delays in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “Annual Report”), as previously disclosed in a Notification of Late Filing on Form 12b-25 filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2023. The Company filed the Annual Report on November 16, 2022, and intends to hold an annual meeting in respect of its fiscal year ended December 31, 2022, as soon as practicable. The NYSE notice has no immediate effect on the listing of the Company’s common stock. Aankondiging • Dec 13
Getaround, Inc. to Report Q3, 2023 Results on Dec 14, 2023 Getaround, Inc. announced that they will report Q3, 2023 results After-Market on Dec 14, 2023 Aankondiging • Nov 17
Getaround, Inc. announced delayed 10-Q filing On 11/16/2023, Getaround, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Price Target Changed • Nov 15
Price target increased by 22% to US$3.25 Up from US$2.67, the current price target is an average from 2 analysts. New target price is 1,934% above last closing price of US$0.16. Stock is down 98% over the past year. The company posted a net loss per share of US$1.74 last year. Board Change • Nov 15
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Bruno Bowden is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Oct 18
Getaround, Inc. Announces Resignation of Neil Suslak as A Member of the Board of Directors Getaround, Inc. announced resignation of Neil Suslak as a member of the Board of Directors. Mr. Suslak indicated his departure from the Board was not the result of any disagreement with the management of the Company on any matter relating to the Company’s operation, policies or practices. Aankondiging • Aug 17
Getaround, Inc. announced delayed 10-Q filing On 08/15/2023, Getaround, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • Aug 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Neil Suslak is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • May 25
Getaround Appoints Eduardo Iniguez as Senior Vice President of Finance & Strategy Getaround announced the appointments of Eduardo Iniguez, Senior Vice President of Finance & Strategy. Iniguez join Getaround following the Company’s acquisition of HyreCar’s assets, the leading U.S. gig carsharing marketplace. Iniguezis a senior finance executive with broad expertise across a wide range of sectors with a specialization in operational finance, restructuring and strategic M&A activity. With more than 14 years of experience in operational finance, treasury, budgeting, networking capital management and public accounting, Iniguez will oversee the Company’s financial operations and risk management with a focus on cost optimization and financial transformation initiatives. Prior to Getaround, Iniguez served as Chief Executive Officer and Chief Financial Officer of HyreCar and was previously the Vice President of Corporate Finance & Accounting at AllClear Aerospace & Defense where he was responsible for 11 P&Ls globally and also served as the CFO of their joint venture. Iniguez received his Master of Business Administration in Finance and Bachelor of Science degrees in Business Administration and Accounting from the University of Southern California. Aankondiging • May 17
Getaround, Inc. announced delayed 10-Q filing On 05/16/2023, Getaround, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • May 03
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Neil Suslak is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Jan 27
Getaround, Inc. Appoints Brian Jackson as Senior Vice President of Engineering Getaround announced it has hired Brian Jackson as Senior Vice President of Engineering. Bringing more than 35 years of experience to Getaround, Jackson took up his new role in January of this year. Jackson has held numerous engineering leadership positions throughout his career. Most recently, he served as Bluevine’s Head of United States Engineering where he built and led the engineering team in developing initial products to support the company’s strategic evolution from lending to banking. Prior to Bluevine, he served in leadership roles at both Facebook and Google. At Facebook, Jackson served as Engineering Director of Growth Infrastructure, where he led the development of common systems to drive growth across Facebook’s product suite. Previously, he served as Google’s Engineering Director of Apps for Work, where his division contributed approximately $250 million in revenue per year to Google Apps. In his new role, Jackson will be responsible for Getaround’s engineering efforts globally, overseeing all the core platform, software, and hardware technology teams that develop and enhance Getaround’s proprietary digital technology, product, and connected car offerings. Jackson will also oversee Getaround’s global platform strategy supporting the expansion of Getaround’s services in existing and new markets, as well as further transforming Getaround’s remote engineering and security and IT operations culture to cost-effectively source and manage high-performing engineering, security and IT operations teams worldwide. Jackson also currently serves on Checkups Medical’s Board of Directors, which is a nonprofit organization aimed at improving the health of mothers and their families in medically underserved communities. He has also served as Vice President of Engineering for diCarta/Emptoris (acquired by IBM), Vice President of Product Development for Epiphany (acquired by Infor), Vice President of Engineering for Xtime (acquired by Cox Automotive), and as Vice President of Software Engineering for Brio Technology (acquired by Hyperion). He graduated from Iowa State University with a Bachelor’s of Science degree in Computer Engineering. Board Change • Dec 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Matias de Tezanos was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.