Wejo Group Ltd (PK:WEJOF)
Business Focus: Data Processing Services
| Sector: Industrials | Industry: Business Support Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | C/O Wejo Ltd. Abc Building, 21-23 Quay St. MANCHESTER M3 4AE |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Timothy E Lee Independent Chairman of the Board | Richard Barlow Chief Executive Officer, Director | John T. Maxwell Chief Financial Officer, Director |
| Den Power Chief People Officer | Sarah J. Larner Executive Vice President - Strategy and Innovation | David Jack Chief Technology Officer |
| Mina Bhama General Counsel, Company Secretary | Benoit Joly Chief Commercial Officer | |
| Business Overview |
| Wejo Group Limited provides transport and mobility network, enabling various business sectors through the collection, standardization and analysis of connected vehicle data. It provides software and technology solutions to various market verticals in combination with services that utilize ingested and standardized connected vehicle and other high volume, high value datasets through its cloud software and analytics platform, Wejo Neural Edge. Wejo Neural Edge is a cloud-based software and analytics platform that makes accessing and sharing vast volumes of connected vehicle data easier, by simplifying and standardizing data sets to maximize the insights gleaned from connected vehicle data to create a more mobility experience for drivers and generate value for vehicle manufacturers and other adjacent businesses. The Wejo Neural Edge platform interfaces with the electronic data within vehicles from original equipment manufacturer (OEMs), fleets, and Tier 1s who have partnered with Wejo. |
| Financial Overview |
| For the three months ended 31 March 2023, Wejo Group Ltd revenues increased from $568K to $3.9M. Net loss decreased 23% to $31M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects General and administrative decrease of 46% to $9.1M (expense), Other income, net decrease of 62% to $1.2M (expense). |
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