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Mobile Infrastructure Corp (BEEP)
NASDAQ:BEEP
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Mobile Infrastructure Corp (BEEP) AI Stock Analysis

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BEEP

Mobile Infrastructure Corp

(NASDAQ:BEEP)

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Underperform 39 (OpenAI - 4o)
Rating:39Underperform
Price Target:
$3.00
▼(-10.71% Downside)
The overall stock score is primarily driven by the company's weak financial performance, characterized by declining revenue, high leverage, and negative cash flows. Technical analysis further supports a bearish outlook, with the stock trading below key moving averages and negative momentum indicators. Valuation metrics are unattractive due to ongoing losses and lack of dividend yield. While the earnings call highlighted some positive strategic initiatives, the overall sentiment remains cautious due to persistent challenges.
Positive Factors
Growth in Monthly Contracts
The increase in monthly contracts, especially residential ones, indicates a stable and growing revenue stream, enhancing long-term financial stability.
Asset Optimization Strategy
The asset optimization strategy aims to focus on core assets, potentially improving profitability and operational efficiency over the long term.
Stable Gross Profit Margin
A stable gross profit margin indicates effective cost management and operational efficiency, which supports long-term profitability.
Negative Factors
High Leverage
High leverage poses a risk to financial stability, potentially limiting the company's ability to invest in growth opportunities and manage economic downturns.
Negative Cash Flow
Negative cash flow raises concerns about liquidity and the ability to sustain operations without external financing, impacting long-term viability.
Decline in Revenue
A decline in revenue indicates challenges in maintaining market position and growth, which could affect long-term financial health and investor confidence.

Mobile Infrastructure Corp (BEEP) vs. SPDR S&P 500 ETF (SPY)

Mobile Infrastructure Corp Business Overview & Revenue Model

Company DescriptionMobile Infrastructure Corporation is a Maryland corporation formed on May 4, 2015. The Company focuses on acquiring, owning and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States. The Company targets both parking garage and surface lot properties primarily in top 50 U.S. Metropolitan Statistical Areas (MSAs), with proximity to key demand drivers, such as commerce, events and venues, government and institutions, hospitality and multifamily central business districts. As of June 30, 2023, the Company owned 43 parking facilities in 21 separate markets throughout the United States, with a total of 15,676 parking spaces and approximately 5.4 million square feet. The Company also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities.
How the Company Makes MoneyMobile Infrastructure Corp (BEEP) generates revenue primarily through leasing agreements with mobile network operators. These operators pay for access to BEEP's cell towers and infrastructure, which are critical for broadcasting their wireless signals and expanding their network coverage. BEEP may also engage in strategic partnerships with telecom companies to co-develop infrastructure projects, providing additional revenue streams. The company benefits from long-term contracts with its clients, ensuring a steady income over time. Factors such as increased demand for wireless data, network expansion projects, and technological upgrades contribute significantly to BEEP's earnings.

Mobile Infrastructure Corp Earnings Call Summary

Earnings Call Date:Aug 12, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Nov 18, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture. While there are positive developments such as growth in monthly contracts and strategic asset optimization, significant challenges remain, including decreased revenue and RevPAS, and ongoing disruptions in key markets. The performance was stable but did not meet expectations for transient volumes and revenue growth, leading to an outlook that trends towards the low end of guidance.
Q2-2025 Updates
Positive Updates
Growth in Monthly Contracts
Monthly parking contracts increased by 2.5% during the quarter and are up over 6.5% year-to-date, with residential contracts showing particularly strong growth of 44% since year-end.
Asset Optimization Strategy
Active negotiations for $20 million in asset sales as part of a strategy to unlock $100 million from non-core assets over three years.
Stability Amid Challenges
Despite temporary disruptions, performance was generally in line with expectations and stable year-over-year, showcasing the resilience of a diversified portfolio.
Negative Updates
Decrease in Revenue
Revenue of $9.0 million in Q2 2025 was down from $9.3 million in Q2 2024, attributed to lower transient volumes due to adverse weather, fewer events, and construction impacts.
Decline in RevPAS
Revenue per available stall (RevPAS) decreased by 2% from $217 in Q2 2024 to $212 in Q2 2025.
Challenges in Key Markets
Utilization decrease in Detroit due to Renaissance Center redevelopment and other construction-related disruptions in Cincinnati and Denver.
Company Guidance
During the Mobile Infrastructure Corporation's second quarter 2025 earnings call, the guidance provided suggested that the company anticipates full-year results to track towards the low end of their previously stated guidance range of $37 million to $40 million in revenue and $23.5 million to $25 million in net operating income (NOI). This expectation is largely due to construction delays impacting several markets and lighter-than-expected transient volumes. Despite these challenges, the company reported revenue of $9.0 million for the second quarter, slightly down from $9.3 million in the same period of 2024. The company also highlighted a 6.5% year-to-date increase in monthly contract parking, with residential monthly contracts up by 44% since the year-end. Moreover, Mobile expects continued growth in contract parking as a fundamental metric for future stability. The adjusted EBITDA for the quarter was $3.8 million, down from $4.1 million the previous year, and the adjusted EBITDA margin was noted at 42.8%. The company is actively pursuing its asset rotation strategy, with ongoing negotiations for approximately $20 million in asset sales, aimed at optimizing the portfolio by focusing on core assets that generate about 80% of revenue.

Mobile Infrastructure Corp Financial Statement Overview

Summary
Mobile Infrastructure Corp faces challenges with sustaining profitability and cash flow stability. Despite some revenue growth, persistent net losses and high leverage are concerning. The need for improved operational efficiency and strategic financial management is evident.
Income Statement
35
Negative
Mobile Infrastructure Corp has shown some revenue growth over the years, but profitability remains a concern with persistent net losses. The TTM data indicates a decrease in both revenue and profitability metrics, with a declining EBIT and EBITDA margin, as well as negative net profit margins.
Balance Sheet
45
Neutral
The company's balance sheet reflects a moderate debt-to-equity ratio, suggesting some leverage. However, the equity ratio is reasonable, indicating a stable base of stockholders' equity compared to total assets. Despite this, the high level of total debt may pose a risk if profitability does not improve.
Cash Flow
30
Negative
Cash flow analysis reveals significant pressures, with negative operating and free cash flows in the TTM period. The operating cash flow to net income ratio is also unfavorable, indicating challenges in converting revenue into operational cash. Positive cash flow from investing activities offers some relief but is insufficient to offset the overall negative free cash flow trends.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue36.14M37.01M30.27M29.10M20.42M16.59M
Gross Profit20.72M22.63M21.11M19.27M13.46M16.59M
EBITDA14.45M13.85M-15.82M2.83M3.05M-24.57M
Net Income-10.45M-5.76M-25.12M-11.12M-14.06M-26.47M
Balance Sheet
Total Assets405.57M415.06M423.24M436.11M429.15M293.73M
Cash, Cash Equivalents and Short-Term Investments15.86M10.65M11.13M5.76M11.80M4.24M
Total Debt214.28M213.16M192.90M219.68M207.15M159.34M
Total Liabilities226.66M225.79M220.28M249.10M223.32M159.34M
Stockholders Equity160.63M169.98M109.39M87.33M98.45M108.78M
Cash Flow
Free Cash Flow-243.00K-1.29M-3.95M-1.07M-20.77M-6.31M
Operating Cash Flow468.00K-784.00K-2.13M1.51M-20.06M-6.31M
Investing Cash Flow7.43M4.24M-346.00K-19.44M-20.25M1.49M
Financing Cash Flow-5.36M-4.34M8.21M12.21M48.97M1.07M

Mobile Infrastructure Corp Technical Analysis

Technical Analysis Sentiment
Negative
Last Price3.36
Price Trends
50DMA
3.66
Negative
100DMA
3.84
Negative
200DMA
3.91
Negative
Market Momentum
MACD
-0.09
Positive
RSI
44.58
Neutral
STOCH
27.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BEEP, the sentiment is Negative. The current price of 3.36 is below the 20-day moving average (MA) of 3.46, below the 50-day MA of 3.66, and below the 200-day MA of 3.91, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 44.58 is Neutral, neither overbought nor oversold. The STOCH value of 27.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BEEP.

Mobile Infrastructure Corp Risk Analysis

Mobile Infrastructure Corp disclosed 83 risk factors in its most recent earnings report. Mobile Infrastructure Corp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Mobile Infrastructure Corp Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
61
Neutral
$130.00M53.454.06%2.57%-9.76%-53.41%
55
Neutral
$162.84M-61.29%8.47%-12.87%-1025.47%
48
Neutral
$153.94M33.721.80%-17.50%
39
Underperform
$142.46M-7.80%6.15%86.60%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BEEP
Mobile Infrastructure Corp
3.36
0.33
10.89%
RGP
Resources Connection
4.96
-2.77
-35.83%
HQI
HireQuest
9.34
-3.36
-26.46%
VWAV
VisionWave Holdings
8.82
-2.28
-20.54%
SHMD
SCHMID Group NV
3.04
-0.40
-11.63%
PEW
GrabAGun Digital Holdings
4.96
-5.27
-51.52%

Mobile Infrastructure Corp Corporate Events

Private Placements and FinancingBusiness Operations and Strategy
Mobile Infrastructure Corp Extends Credit Agreement Maturity
Neutral
Sep 9, 2025

On September 5, 2025, Mobile Infrastructure Corporation amended its Credit Agreement with Harvest Small Cap Partners to extend the maturity date from September 11, 2025, to December 31, 2025. This amendment, involving a related party transaction due to board member Jeffrey Osher’s involvement, impacts the company’s financial arrangements and reflects strategic financial planning.

Dividends
Mobile Infrastructure Corp Declares Monthly Dividends
Positive
Aug 21, 2025

On August 21, 2025, Mobile Infrastructure Corporation’s board of directors declared the payment of monthly dividends for its Series A and Series 1 Preferred Stock, to be distributed on or about September 12, 2025. This decision reflects the company’s ongoing commitment to providing returns to its shareholders, with future dividends subject to the board’s discretion based on financial conditions and other relevant factors.

Business Operations and StrategyFinancial Disclosures
Mobile Infrastructure Corp Reports Q2 2025 Financial Results
Neutral
Aug 12, 2025

Mobile Infrastructure Corporation reported its financial results for the second quarter of 2025, highlighting a stable performance despite challenges such as construction and weather-related impacts. The company saw a 2.5% increase in contract parking volumes, driven by secular demand trends, while transient volumes declined due to adverse conditions. The company is actively pursuing a three-year asset rotation strategy, negotiating $20 million in asset sales to optimize its balance sheet and reinvest in larger assets with higher income potential. Financially, the company experienced a decrease in revenue and an increase in net loss compared to the previous year, but remains focused on long-term growth and financial flexibility.

Dividends
Mobile Infrastructure Corp Declares July 2025 Dividends
Neutral
Jul 21, 2025

On July 17, 2025, Mobile Infrastructure Corporation’s board of directors declared the payment of monthly dividends for its Series A and Series 1 Preferred Stock, to be distributed on or about August 12, 2025. This decision reflects the company’s current financial condition and strategic considerations, with future dividends subject to the board’s discretion.

Executive/Board ChangesShareholder MeetingsDividendsBusiness Operations and Strategy
Mobile Infrastructure Corp Announces Leadership Transition
Positive
Jun 20, 2025

On June 18, 2025, Mobile Infrastructure Corporation announced a leadership transition effective August 1, 2025, with Stephanie Hogue, the current President, assuming the role of Chief Executive Officer, while Manuel Chavez III will transition to Executive Chairman of the Board. This transition is part of the company’s strategic growth plan and aims to enhance long-term value creation. Additionally, the company held its 2025 annual meeting of stockholders, where six directors were elected, and announced the formation of an Investment Committee and the declaration of preferred stock dividends, reflecting its focus on optimizing its portfolio and driving shareholder value.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 19, 2025