Micromobility.Com Inc A

Thank you for standing by, and welcome to the HealthBiz first quarter 2022 earnings conference call. Currently, all participants are in the listen-only mode. As a reminder, today's program will be recorded. If anyone objects, please disconnect now. I'd like to introduce to your host for today's program, Gary Dvorak, managing director with the Blue Shirt Group. Mr. Dvorak, please go ahead.

Thank you, operator, and hello, everyone. Welcome to Hellbiz's first quarter 2022 results conference call. With us today are founder and chief executive officer Salvatore Pallella and chief financial officer Giulio Perfumo. These are our financial results press release today after the market closed. It's available via news wires and on our website at investors.hellbiz.com. A replay of this conference call will be available later today on the investor relations page of our website. Please note that our press release and this conference call contain forward-looking statements that are subject to risks and uncertainties. These forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors. LBIS can give no assurance that these statements have proved to be correct. We have no obligation to update these statements. We will also discuss certain forward-looking non-GAAP financial measures which are not prepared in accordance with generally accepted accounting principles. We urge you to review the discussion of our non-GAAP financial measures and the risks associated with our business are described in the safe harbor provision of our filings with the SEC. I will now turn the call over to Salvatore to begin. Salvatore.

Thank you, Gary, and good day, everyone. Thank you for joining today's call to review our business performance and financial resource for the first quarter of 2022. Once again, growth was substantial. with both mobility and media contributions. We continue to invest to grow our business. To fund growth, we essentially secure another 10 million of funding. In mobility, we won our license in Miami-Dade County. We are the first of any company to do so and are already operating there now. Across the U.S., Europe, and Asia Pacific, we are currently in discussion to bring our mobility service to new communities. License application in several cities are in the final stage. We are proud of the partnership we built with local government and how our investment in our technology enable us to move quickly. We can satisfy specific requests from cities and at the time keep license while competitors lose theirs. Our eligibility enable us to regularly override and beat our takeaway license from others. In addition to organic growth, we are exploring other ways to quickly grow our fleet and citizen service. At the moment, we are negotiating an M&A transaction with a potential partner also operating in the mobility sector, which could significantly increase our footprint and revenue. Because we are publicly traded, we can pursue opportunities like these using stock, which is often a better option than cash. During the quarter, we make strong progress in building our partner resource. Most important is our deal with Google Maps. In the city where we operate, Elbit Scooter will now appear as a transportation option. With a couple of taps, the Google Maps user can find an Elbit Scooter and start a ride. Similarly, we have a deal with Moovit. so their user can see Helbit as a commuting option. This partnership introduced us to a wide group of users. They also present us as an alternative to other modes of transportation, such as ride sharing. This is a solid progress toward our goal of fully integrating ourselves into the way people commute through their city. As warmer weather comes, people are returning to normal lives or commuting to the office and see their friends. Because of this, we expect our services to become even more vital. That paired with the spike in gas prices and other difficulties presented by inflation should benefit our business. Recent conditions show the need for a vibrant micromobility sector and growth potential in present to us. To take advantage of these, we are now taking delivery of new vehicles in many of our operating cities. The new vehicle enables us to max out our license cap and serves the largest population. Finally, in media, we strengthened our partnership with Amazon Prime Video. In Italy, Elbit Live will now be a subscription option in the channel section of Prime Video. We also have the MLB, the Major League Baseball, to our lineup, which brings baseball to Italy. Now let me turn the call over to our CFO, Giulio Profumo, to discuss our financial performance for the first quarter. Giulio?