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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. As of September 30. 2. 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": "2021 YTD 2022 YTD Δ Comments Average Daily Vehicles Deployed 16,278 31,290 92% ↑~2X growth in fleet size, including new modalities. Average Daily Rides per Vehicle 2.90 2.54 (12)% Impact of competition on share of total market rides. Average Net Revenue per Ride (USD) 1.05 0.87 (17)% Increase in share of commute relative to leisure rides reduced average ride durations. Net Revenue (USD, thousands) 13,555 18,819 39% Operating Costs, excl. D&A (USD, thousands) (7,243) (11,675) 61% Distinct teams for each modality have yet to be consolidated. Semiannual increase in minimum wage in January and July precedes price increases. % of Net Revenue 53% 62% G&A (USD, thousands) (4,597) (6,676) 45% Economies of scale in team costs offset by prelisting advisory expenses. % of Net Revenue 34% 35% Adj. EBITDA (USD, thousands) 2 1,929 764 (61)% Adj. EBITDA Margin 14% 4%",
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      "text": "2021 YTD vs. 2022 YTD¹ results",
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