Wejo Group Ltd
wejo.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2023 10-Q, filed May 22, 2023. Its latest SEC filing is a SEC STAFF ACTION from Feb 26, 2024.
10-Q for Q1 FY2023, filed May 22, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Sells connected-vehicle data insights and software to transportation agencies, automakers, and other businesses.
10-K for FY2022, filed Apr 3, 2023
How Did They Make Money?
Customers pay fixed fees for connected-vehicle data and insights; ongoing access is invoiced monthly over the contract term, while one-time historic batches are invoiced on delivery. Software customers pay fixed fees for platform access over the term and for professional services as the work is done.
10-K for FY2022, filed Apr 3, 2023The Company’s data marketplace customer agreements include one or a combination of the following contractual promises for a fixed…View ↗
F-24 for customers with a contractual agreement to provide data over a period ratably over the term of the contract, which is typically one…View ↗
To date, the transaction price of the Company’s software and cloud contracts has been comprised of contractual fixed fees specified in each…View ↗
$8.4M
-
10-K for FY2022, filed Apr 3, 2023
$8.4M ↗
Who Were Their Customers?
Public agencies use Wejo’s traffic insights for road management and planning; automotive and mobility businesses, retailers, and insurers use connected-vehicle data and software for analytics and operations.
10-K for FY2022, filed Apr 3, 2023The Company provides software and technology solutions to various market verticals in combination with services that utilize ingested and…View ↗
The Company has two primary business lines, Wejo Marketplace Data Solutions and Wejo Software & Cloud Solutions, which includes our Privacy…View ↗
The insights provided by Traffic Management are used by a wide range of customers for various purposes, providing insight into live traffic…View ↗
10-K for FY2022, filed Apr 3, 2023
During the year ended December 31, 2022, the Company had two customers that individually generated 10% or more of the Company’s revenue for…View ↗
Did Revenues Turn Into Profits?
No. It lost $159.3M in FY2022.
10-K for FY2022, filed Apr 3, 2023
10-K for FY2022, filed Apr 3, 2023
−$159.3MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q1 FY2023, filed May 22, 2023
−$31MView ↗
- ▼ −23% (Loss)
- vs −$40.3M in Q1 FY2022
-
Sep 18, 2023
Administrators published a proposal for Wejo Limited
The company said it was evaluating whether to file insolvency proceedings for subsidiaries in other jurisdictions.
Sources
8-K, filed Sep 18, 2023
As previously disclosed on July 18, 2023, Wejo Limited, an indirect, wholly-owned subsidiary of Wejo Group Limited (the “Company”)…View ↗
-
Jul 18, 2023
Wejo Limited entered administration
The appointment made several loans due sooner; the company said it would not appeal Nasdaq’s delisting decision.
Sources
8-K, filed Jul 18, 2023
As previously disclosed on each of May 30, June 13 and June 27, 2023, Wejo Limited, an indirect, wholly-owned subsidiary of Wejo Group…View ↗
-
Jun 28, 2023
Wejo and TKB ended their planned business combination
Both sides agreed to terminate the agreement, with no termination fee.
Sources
8-K, filed Jun 28, 2023
As previously announced, on January 10, 2023, the Company entered into a business combination agreement (as amended on March 27, 2023, the…View ↗
-
Jun 6, 2023
Nasdaq decided to delist Wejo’s shares and warrants
Trading was set to be suspended on June 9, 2023.
Sources
8-K, filed Jun 6, 2023
Trading of the Company’s Public Securities will be suspended at the opening of business on June 9, 2023.View ↗
Who Did They Compete With?
Competes with Hewlett Packard Enterprise, Ericsson, LexisNexis, Verisk, Octo, Google, Apple, and Amazon
10-K for FY2022, filed Apr 3, 2023Our current and future competitors vary in size and in the breadth and scope of the products and services they offer, and may be larger…View ↗
Loading...
