Last Mile Holdings Reports Second Quarter 2020 Results
CHARLESTON, S.C., and VANCOUVER, BC, Oct. 15, 2020 /CNW/ - Last Mile Holdings Ltd. ("MILE" or the "Company") (TSXV: MILE) (OTC: AZNVF), a leading micro-mobility company with the broadest product suite in the industry, reported financial results for the second quarter ended June 30, 2020.
Second Quarter 2020 and Recent Operational Highlights
Second Quarter 2020 Financial Results
"In the second quarter and past few months we've made positive, incremental progress in combining our operations with Gotcha and expanding our deployments further across the country," said Last Mile Holdings CEO Max Smith. "With the help of our university and municipal partners, we've been working to provide our riders with a safe alternative to public transportation in the roughly 30 active markets. The pandemic has put a spotlight on micro-mobility solutions that provide socially-distant transportation solutions, but we also recognize that the path forward remains largely uphill as back-to-school programs and other events remain on hold for many markets. In the meantime, our plan is to continue to deploy vehicles into our contracted locations, providing a steady growth trajectory for the foreseeable future. Longer term, we remain hopeful that the increased ridership trends we witnessed prior to and in the initial stages of the pandemic will resume during normal conditions."
Last Mile Holdings also announced today Kate Marley has resigned as Chief Financial Officer due to personal reasons effective today, October 15, 2020. Marley will remain on board with the Company for a transitional period as Last Mile begins a search for a CFO candidate. Marley's departure was not due to any disagreement with the Company nor any issue related to the Company's financial statements or accounting practices.
Smith continued: "We appreciate Kate's efforts and the impact she had during her tenure at Last Mile. With the ongoing pandemic affecting all of us in different ways, we fully support her decision to devote more time to her family during a challenging period. On behalf of our entire organization, we wish her well in her future pursuits."
For more information on Last Mile Holdings, visit lastmile-holdings.com.
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SOURCE Last Mile Holdings Ltd.
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