Lyft Announces Results for Third Quarter 2023 & Introduces New Key Metrics

SAN FRANCISCO–(BUSINESS WIRE)–Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its third quarter ended September 30, 2023. Additionally, Lyft has introduced the following key metrics, each of which is presented on a total company basis: Gross Bookings, Rides, and Adjusted EBITDA margin (calculated as a percentage of Gross Bookings). Descriptions and further information regarding these […]

SkyWater Technology Reports Third Quarter 2023 Results

Record Revenues and Continued Year-over-Year Increase in Gross Margin BLOOMINGTON, Minn.–(BUSINESS WIRE)–SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the third quarter of 2023, ended October 1, 2023. Financial Highlights for Q3 2023: Revenue increased 37% year-over-year to a record $71.6 million. Gross margin increased to 19.8% on […]

Polestar presents strengthened business plan and funding update

GOTHENBURG, Sweden–(BUSINESS WIRE)–Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, today presents a strengthened business plan which targets an accelerated margin improvement and a reduction of the Company’s total funding need to the point of cash flow break-even in 2025. In light of a fast-changing operating environment, Polestar has introduced […]

Aeva Reports Third Quarter 2023 Results

Production Win with May Mobility as Exclusive Supplier of Long-Range LiDAR Nikon Awarded Production Program for High Precision Industrial Inspection Products Appointment of Dr. Stefan Sommer, Former CEO of ZF and Board Member at Volkswagen Group, to Aeva’s Board of Directors $145M Capital Raise in Combined Private Placement and Preferred Facility from Existing Long-term Stockholders […]

Lemonade Surpasses 2 Million Active Customers

Notable customer count milestone is coupled with significant increase in premium per customer, demonstrable scalability, and clear progress toward profitability NEW YORK–(BUSINESS WIRE)–Lemonade (NYSE: LMND) (the “Company”), the digital insurance company powered by AI and social impact, today announced the welcoming of its two millionth customer. The pace to achieve the second million customers was […]

SEMA in Under a Minute: See our one-minute show floor recap

Las Vegas, Nevada — Anyone that’s been to the SEMA Show knows that it is impossible to see everything in one day—let alone one week. With five massive halls and sprawling outside lots to explore, plus tens of thousands of booths, builds and people to see—you have to have a dedicated plan and a stringent […]

Bound for the Bay: CrashBay adds industry leader Dean Fisher as board advisor

Toronto, Ontario — CrashBay is proud to announce the addition of Dean Fisher to the team as a distinguished board advisor. In a recent press release, CrashBay wrote that “this marks a significant milestone in our mission to enhance the claims management process for the car repair industry. The former Brand President and COO of […]