DWAY
DriveItAway Holdings, Inc.0.0440
-0.0104-19.1%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
5.01MP/E (TTM)
-Basic EPS (TTM)
-0.03Dividend Yield
0%Recent Filings
10-Q
Q1 FY2026 results
DriveItAway posted Q1 FY2026 revenue of $282K, up 17% y/y from $242K, yet gross margin slipped to 30% from 41% on higher costs. Operating loss widened to $140K from $125K, but a $981K gain on derivative liability changes flipped the quarter profitable at $549K net income—20% ahead of last year. Cash climbed to $90K on $100K vehicle sales and $240K warrant proceeds, while ops burned $177K; total debt sits at $8.2M with multiple notes in default. Stockholders' deficit shrank to $7.6M. Warrants dilute heavily.
10-K
FY2025 results
DriveItAway more than doubled FY2025 revenue to $987,937 from $460,661, fueled by adding 6 vehicles to its rental fleet, yet gross profit held flat at ~$135K as costs surged 164%. Operating loss widened to $868K amid $258K stock comp and software spend, while net loss ballooned to $4.9M—net far exceeds operating due to $2.9M derivative swings and $619K interest. Cash drained $478K on ops; fleet sales propped investing. Debt piled to $9.1M current liabilities. No quarterly breakdowns disclosed. Going concern looms large.
8-K
Issues cheap warrants for cash
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.
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