Mobile Infrastructure Corporation (Nasdaq: BEEP) reported its financial results for the second quarter of 2025, revealing a slight decrease in total revenue, which fell by 3.0% to $9.0 million compared to $9.3 million in the same period of the previous year. The company also experienced a net loss of $4.7 million, widening from a net loss of $2.5 million in the prior-year period. The Net Operating Income (NOI) was reported at $5.4 million, down from $5.6 million in the previous year, and Adjusted EBITDA stood at $3.8 million, a decrease from $4.1 million year-over-year. The company highlighted the positive trends in contract parking volumes amidst challenging business conditions. Additionally, Mobile Infrastructure Corporation is advancing its strategy to divest non-core assets. The outlook for the second half of 2025 suggests business trends similar to the first half, with potential improvements due to seasonal factors and increased event participation and hotel occupancy in key markets. The company's full-year guidance projects revenue between $37 million and $40 million and Net Operating Income between $23.5 million and $25.0 million, though current tracking indicates results may fall toward the lower end of these ranges. The company continues to focus on growing recurring cash flow and enhancing the long-term value of its portfolio.
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