Turkish Market Competitive Position and Growth
Adjusted EBITDA reconciliations
(USD, thousands)
Q2 2021
Q2 2022
Q3 2021
Q3 2022
2021 YTD
2022 YTD
Gross Profit (post-depreciation)
989
1,113
2,405
1,230
2,969
957
Fleet depreciation
1,117
2,214
1,849
2,935
3,343
6,186
Gross Profit (pre-depreciation)
2,107
3,327
4,254
4,165
6,312
7,143
Selling and marketing expenses
(39)
(172)
(415)
(251)
(506)
(494)
General and administration expenses
(1,199)
(1,857)
(1,537)
(2,541)
(3,563)
(5,539)
Research and development expenses
Depreciation and amortization
expenses
(54)
(6)
(14)
(12)
(99)
(50)
68
92
85
122
214
297
Adj. EBITDA
883
1,384
2,373
1,483
1,929
764
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.
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