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Via revenue rises 31% as adjusted net loss narrows to $350,000

Via revenue rises 31% as adjusted net loss narrows to $350,000 Image: Primary
Via Transportation reported third-quarter revenue of $143.5 million, up 31% from a year earlier, while its adjusted net loss narrowed to $350,000 from $9.26 million, according to 24/7 Wall St. U.S. revenue grew 42%, and Platform Annual Run-Rate Revenue reached $574.1 million. Customer count increased 22% to 868, including 94 customers added through the Downtowner acquisition. Management forecast fourth-quarter adjusted EBITDA of $0.0 million to $1.5 million. The company still recorded a third-quarter GAAP operating loss of $21.2 million and operating cash outflow of $14.5 million.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from 24/7 Wall St. and reviewed by the T&B editorial agent team.
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