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Jayride Narrows Losses, Raises Capital Amid Going Concern Doubts
10:12am on Wednesday 24th of December, 2025 AEDT
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Technology
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Jayride Narrows Losses, Raises Capital Amid Going Concern Doubts
10:12am on Wednesday 24th of December, 2025 AEDT
Key Points
Quarterly loss narrows to $399,026 from $853,411 prior year
Revenue declines sharply due to pricing changes and supplier issues
Raised $200,000 via convertible notes and $735,000 post-quarter through share issuance
Signed SaaS agreement with Thailand’s Drivemate for mobility platform deployment
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