Getaround, Inc. ( (GETR) ) has released a notification of late filing.
Getaround, Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to the company’s decision to wind down its U.S. operations, including its car-share and HyreCar businesses, leading to significant workforce reductions and liquidity challenges. These changes have resulted in resource gaps and a loss of continuity in the accounting department, making it difficult to complete the report without unreasonable effort or expense. The company has not specified an exact timeline for the delayed filing. Financially, Getaround anticipates significant changes in its operations results, although no precise estimates are currently available. The company continues to face substantial doubt about its ability to continue as a going concern. Patricia Huerta, acting as both the Chief Executive Officer and Interim Chief Financial Officer, has signed the notification, indicating ongoing compliance efforts.
More about Getaround, Inc.
YTD Price Performance: -16.67%
Average Trading Volume: 151,394
Technical Sentiment Signal: Buy
Current Market Cap: $2.48M
Learn more about GETR stock on TipRanks’ Stock Analysis page.