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  "documentTitle": "Marti | Results Presentation Deck | 18 slides",
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  "authorName": "Marti",
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  "presentationDate": "2022-11-01 00:00:00",
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      "text": "Source: Company information. Note: The interim financials are non-GAAP management reporting financials and have not been audited or reviewed by the Company's independent auditors. 1. Adjusted EBITDA: The Company defines Adjusted EBITDA as net income (loss) plus non-operating income (loss), depreciation and amortization, net interest expense, income taxes, stock-based compensation and transaction costs.",
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      "text": "Q2 2021 Q2 2022 Δ Comments Average Daily Vehicles Deployed 18,685 29,260 57% ↑~1.5X growth in fleet size, including new modalities. Average Daily Rides per Vehicle 2.50 2.97 19% ↑ Positive impact of shift from partial COVID curfew in Q2 2021 to no curfew in Q2 2022. Average Net Revenue per Ride (USD) 1.08 0.90 (17)% ↓Increase in share of commute relative to leisure rides reduced average ride durations by ~20%. Net Revenue (USD, thousands) 4,593 7,122 55% Operating Costs, excl. D&A (USD, thousands) (2,487) (3,795) 53% ↑ Lower incidence of repairs due to more reliable vehicles. % of Net Revenue 54% 53% G&A (USD, thousands) (1,292) (2,035) 58% ↓Fixed costs as percentage of net revenue are similar as a result of new teams for new modalities, and listing-related expenses in Q2 2022. % of Net Revenue 28% 29% Adj. EBITDA (USD, thousands) ¹ 883 1,384 57% Adj. EBITDA Margin 19% 19%",
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