GreenMobility still burning cash

Revenue is up but the deficit also grew in the first quarter for the green car sharing company, which calls the beginning of 2018 a "good start to the year".

Photo: GreenMobility

The bottom line is still in the red, but this does not seem to worry GreenMobility, which is instead focusing growth in customers and international deals in this year's first quarter.

Revenue in the period rose to DKK 5.9 million (approximately EUR 792,000) against DKK 1.1 million in the same period the year prior. Last year's first quarter, however, was just the company's second quarter of existence. If Q1 2018 is instead compared to the fourth quarter 2017, revenue rose around DKK 400,000.

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