Pre-tax losses at a Manchester-headquartered connected vehicle data company that is listed on the US Nasdaq have widened by over $10m despite its net revenue jumping six fold.
Wejo, which floated last year in a move that valued it at $800m, has posted losses of $31.3m for its third quarter to September 30, 2022. It posted losses of $20.8m during the same period last year.
However the company's net revenue surged from $351,000 to $2.5m. In the year to date, Wejo's net revenue stands at $4.7m while it has racked up pre-tax losses of $126.8m.
