Major Estimate Revision • May 20
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$36.4m to US$35.3m. Losses expected to increase from US$0.34 per share to US$0.41. Commercial Services industry in the US expected to see average net income growth of 22% next year. Consensus price target down from US$6.17 to US$5.83. Share price rose 10% to US$2.13 over the past week. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Dave Garfinkle was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 14
Mobile Infrastructure Corporation Reiterates Earnings Guidance for the Full Year 2026 Mobile Infrastructure Corporation reiterated earnings guidance for the full year 2026. For full year 2026, the Company continues to expect revenue in the range of $35 million to $38 million, representing 4% growth at the midpoint over 2025 results and 8% growth on a same-location basis. The Company expects NOI to range from $21.5 million to $23.0 million, representing year-over-year growth of 7% at the midpoint, and 10% growth on a same-location basis. Announcement • Apr 24
Mobile Infrastructure Corporation, Annual General Meeting, Jun 18, 2026 Mobile Infrastructure Corporation, Annual General Meeting, Jun 18, 2026. Announcement • Apr 16
Mobile Infrastructure Corporation to Report Q1, 2026 Results on May 12, 2026 Mobile Infrastructure Corporation announced that they will report Q1, 2026 results After-Market on May 12, 2026 Announcement • Mar 03
Mobile Infrastructure Corporation Provides Revenue Guidance for Full Year 2026 Mobile Infrastructure Corporation provided revenue guidance for full year 2026. For the period, the company expects revenue ranging from $35 million to $38 million representing 4% growth at the midpoint over 2025 results and 8% growth when adjusted for 2025 asset dispositions. Announcement • Feb 10
Mobile Infrastructure Corporation to Report Q4, 2025 Results on Mar 02, 2026 Mobile Infrastructure Corporation announced that they will report Q4, 2025 results After-Market on Mar 02, 2026 Announcement • Nov 04
Mobile Infrastructure Corporation to Report Q3, 2025 Results on Nov 10, 2025 Mobile Infrastructure Corporation announced that they will report Q3, 2025 results After-Market on Nov 10, 2025 Announcement • Aug 13
Mobile Infrastructure Corporation Provides Earnings Guidance for the Full Year 2025 Mobile Infrastructure Corporation provided earnings guidance for the full year 2025. For the period, the company expects revenue of $37 million to $40 million and Net Operating Income of $23.5 million to $25.0 million. Announcement • Jul 24
Mobile Infrastructure Corporation to Report Q2, 2025 Results on Aug 12, 2025 Mobile Infrastructure Corporation announced that they will report Q2, 2025 results After-Market on Aug 12, 2025 Reported Earnings • May 14
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: US$0.10 loss per share (further deteriorated from US$0.093 loss in 1Q 2024). Revenue: US$8.24m (down 6.7% from 1Q 2024). Net loss: US$4.16m (loss widened 58% from 1Q 2024). Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • May 13
Mobile Infrastructure Corporation Reaffirms Earnings Guidance for Full Year 2025 Mobile Infrastructure Corporation reaffirms earnings guidance for full year 2025. For the period, the company expects Net Operating Income ranging from $23.5 million to $25.0 million and revenues of $37.0 million to $40.0 million. Announcement • Apr 29
Mobile Infrastructure Corporation to Report Q1, 2025 Results on May 12, 2025 Mobile Infrastructure Corporation announced that they will report Q1, 2025 results After-Market on May 12, 2025 Announcement • Apr 25
Mobile Infrastructure Corporation, Annual General Meeting, Jun 18, 2025 Mobile Infrastructure Corporation, Annual General Meeting, Jun 18, 2025. New Risk • Mar 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$1.2m net loss in 3 years). Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • Mar 12
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: US$0.24 loss per share (improved from US$2.45 loss in FY 2023). Revenue: US$37.0m (up 22% from FY 2023). Net loss: US$7.54m (loss narrowed 77% from FY 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • Mar 11
Mobile Infrastructure Corporation Provides Earnings Guidance for the Full Year 2025 Mobile Infrastructure Corporation provided earnings guidance for the full year 2025. For the year, the company expects Net Operating Income to range from $23.5 million to $25.0 million, representing year-on-year growth of 7% at the midpoint on revenues of $37.0 million to $40.0 million. New Risk • Feb 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.6m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (148% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$2.7m net loss in 3 years). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$99.6m market cap). Announcement • Feb 13
Mobile Infrastructure Corporation to Report Q4, 2024 Results on Mar 10, 2025 Mobile Infrastructure Corporation announced that they will report Q4, 2024 results After-Market on Mar 10, 2025 Recent Insider Transactions Derivative • Jan 15
President exercised options and sold US$114k worth of stock On the 10th of January, Stephanie Hogue exercised options to acquire 29k shares at no cost and sold these for an average price of US$3.94 per share. This trade did not impact their existing holding. Since June 2024, Stephanie's direct individual holding has increased from 548.00 shares to 1.10k. Company insiders have collectively bought US$188k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Nov 14
Third quarter 2024 earnings released: US$0.057 loss per share (vs US$1.77 loss in 3Q 2023) Third quarter 2024 results: US$0.057 loss per share (improved from US$1.77 loss in 3Q 2023). Revenue: US$9.76m (up 21% from 3Q 2023). Net loss: US$1.75m (loss narrowed 92% from 3Q 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Oct 23
Mobile Infrastructure Corporation to Report Q3, 2024 Results on Nov 13, 2024 Mobile Infrastructure Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 13, 2024 New Risk • Sep 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Aug 15
Second quarter 2024 earnings released: US$0.063 loss per share (vs US$0.32 loss in 2Q 2023) Second quarter 2024 results: US$0.063 loss per share (improved from US$0.32 loss in 2Q 2023). Revenue: US$9.27m (up 28% from 2Q 2023). Net loss: US$1.84m (loss narrowed 25% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. New Risk • Aug 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 276% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (276% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$89.9m market cap). Announcement • Aug 14
Mobile Infrastructure Corporation Re-Affirms Earnings Guidance for the Year 2024 Mobile Infrastructure Corporation re-affirmed earnings guidance for the year 2024. For the year, the company expects $38 million to $40 million and Net Operating Income of $22.5 million to $23.25 million. Announcement • Jul 24
Mobile Infrastructure Corporation to Report Q2, 2024 Results on Aug 13, 2024 Mobile Infrastructure Corporation announced that they will report Q2, 2024 results After-Market on Aug 13, 2024 New Risk • Jun 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.5m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Recent Insider Transactions • May 30
Independent Co-Chairman recently bought US$57k worth of stock On the 28th of May, Jeffrey Osher bought around 17k shares on-market at roughly US$3.39 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jeffrey has been a buyer over the last 12 months, purchasing a net total of US$233k worth in shares. Reported Earnings • May 17
First quarter 2024 earnings released: US$0.11 loss per share (vs US$0.30 loss in 1Q 2023) First quarter 2024 results: US$0.11 loss per share. Revenue: US$8.83m (up 24% from 1Q 2023). Net loss: US$2.99m (loss widened 30% from 1Q 2023). Announcement • May 17
Mobile Infrastructure Corporation Reaffirms Earnings Guidance for the Full Year 2024 Mobile Infrastructure Corporation reaffirmed earnings guidance for the full year 2024. The company reaffirmed expectation for 2024 revenue of $38 million to $40 million and Net Operating Income of $22.5 million to $23.25 million. Announcement • May 16
Mobile Infrastructure Corporation Announces Chief Financial Officer Changes Mobile Infrastructure Corporation announced the appointment of Paul Gohr as Chief Financial Officer (“CFO”), effective May 16, 2024. Mr. Gohr takes on the CFO responsibility from Stephanie Hogue, who will remain in her role as President and a member of the Board of Directors. Prior to joining Mobile Infrastructure, Mr. Gohr served as Chief Accounting Officer and Vice President of Corporate Finance of CECO Environmental Corp. At CECO, he led corporate functions including finance, accounting, treasury, and tax. Previously, Mr. Gohr served in various roles of increasing responsibility within Grant Thornton LLP. Mr. Gohr is a Certified Public Accountant and earned a bachelor’s degree in Business, Accountancy and a Masters of Accountancy degree from Miami University. Announcement • Apr 28
Mobile Infrastructure Corporation, Annual General Meeting, Jun 18, 2024 Mobile Infrastructure Corporation, Annual General Meeting, Jun 18, 2024, at 09:00 US Eastern Standard Time. Agenda: To elect seven directors to the company's Board of Directors; to ratify the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2024; and to transact any other business properly brought before the Annual Meeting or any postponement or adjournment of the Annual Meeting. Announcement • Apr 17
Mobile Infrastructure Corporation to Report Q1, 2024 Results on May 15, 2024 Mobile Infrastructure Corporation announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 15, 2024 Reported Earnings • Mar 15
Full year 2023 earnings released: US$2.45 loss per share (vs US$1.43 loss in FY 2022) Full year 2023 results: US$2.45 loss per share (further deteriorated from US$1.43 loss in FY 2022). Revenue: US$30.3m (up 4.0% from FY 2022). Net loss: US$32.5m (loss widened 192% from FY 2022). Announcement • Mar 03
Mobile Infrastructure Corporation to Report Q4, 2023 Results on Mar 14, 2024 Mobile Infrastructure Corporation announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Mar 14, 2024 Recent Insider Transactions • Dec 20
Independent Director recently bought US$176k worth of stock On the 15th of December, Jeffrey Osher bought around 35k shares on-market at roughly US$5.02 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$179k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 16
Third quarter 2023 earnings released: US$1.77 loss per share (vs US$0.37 loss in 3Q 2022) Third quarter 2023 results: US$1.77 loss per share (further deteriorated from US$0.37 loss in 3Q 2022). Revenue: US$8.06m (down 4.2% from 3Q 2022). Net loss: US$23.1m (loss widened US$20.2m from 3Q 2022). Board Change • Aug 29
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Chairman of the Board & CEO Manuel Chavez is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.