DWAY
DriveItAway Holdings, Inc.0.0440
-0.0104-19.1%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
5.01MP/E (TTM)
-Basic EPS (TTM)
-0.03Dividend Yield
0%Recent Filings
8-K
10-Q
Q3 FY2025 results
DriveItAway Holdings posted Q3 FY2025 revenue of $206K, up 93% y/y from $107K, fueled by more vehicles on its rental platform, though gross profit plunged to $1.8K from $44K as costs soared 224% y/y on higher depreciation. Operating loss widened to $333K from $95K, driven by spikes in general and administrative and professional fees, while net loss ballooned to $3.99M from $519K, largely from a $3.42M hit on derivative liability fair-value changes exceeding 20% of operating loss. Cash dipped to $18K amid $261K operating burn, offset by $383K in financing inflows like note proceeds; total debt stands at $8.7M with $115K SBA loan noncurrent. Fleet grew via $137K vehicle buys. Defaults on $450K convertible notes linger.
10-Q
Q2 FY2025 results
DriveItAway Holdings swung to a slim net profit of $8,505 for the six months ended March 31, 2025, up from a $1.2M loss last year, thanks to a $912K gain on derivative liability changes offsetting an operating loss of $364K. Revenues doubled to $453K year-over-year, fueled by more vehicles on the rental platform, while gross margins expanded to 28% from 12% amid steady costs. Operating expenses climbed 46% to $493K, driven by higher general and administrative outlays, yet cash burn eased to $162K from $249K as financing inflows topped $317K. Cash ended at $51K, with $4.9M in total liabilities including $1.3M convertible notes and $684K promissory notes, many in default. Fleet vehicles worth $701K secure key debt. Defaults on senior securities loom large.
10-Q
Q1 FY2025 results
DriveItAway Holdings swung to a net income of $456,463 for Q1 FY2025 ended December 31, 2024, up from a $715,429 loss a year earlier, fueled by revenue jumping 151% y/y to $241,946 on more vehicles available for rent, while gross profit soared 812% to $98,691 with margins expanding to 41% from 11%. Operating loss narrowed to $125,612 from $195,186, yet net swung positive thanks to a $913,562 gain on derivative liability fair value changes outpacing interest and amortization hits. Cash climbed to $69,358, bolstered by $228,745 in financing inflows including $50,000 from warrants, but operating cash burned $55,686 amid fleet buys; total debt sits at $4.5M with $450,000 in defaulted convertibles and a $2M line drawn $637K for vehicles. No non-GAAP metrics disclosed in the 10-Q. Defaults on senior notes pose ongoing liquidity risks.
8-K
Material accounting errors disclosed
DriveItAway Holdings identified material errors in its accounting for convertible notes payable and derivative liabilities in the financial statements for the three and nine months ended June 30, 2024, rendering them unreliable as of February 24, 2025. The company plans to restate these figures in amended 10-Q filings, while a persistent material weakness in internal controls heightens misstatement risks. Errors demand swift fixes.
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