MotorK: Zoltan Gelencser Appointed Interim CEO, Amir Rosentuler Remains Executive Chairman
On Wednesday, MotorK announced the appointment of Zoltan Gelencser as the interim CEO of the group. Joining the automotive SaaS provider in January 2025 as CFO, Gelencser succeeds Amir Rosentuler, who remains the chairman of the board.
Gelencser Holds Dual Roles as Interim CEO and Interim CFO
Zoltan Gelencser assumes his role as interim CEO with immediate effect. He will also continue to serve as the group's CFO on an interim basis while MotorK initiates a recruitment process to permanently fill this position. Additionally, Gelencser has been appointed as a board member at MotorK plc.
Rosentuler Continues as Chairman of the Board
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Amir Rosentuler remains at the helm of the board as the executive chairman. MotorK emphasizes that these changes reflect its commitment to strengthening its governance structure and aligning its organization with its strategic priorities, particularly the expansion of its enterprise customer segment while maintaining its position in retail automotive digital sales solutions.
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Context
Period
Period: 9M 2026
Key reported figures
Revenue: 26,4 millions d'euros
Quarterly revenue: 26,4 millions d'euros
Revenue growth: -13,4 %
Guidance from the release
« No Longer Providing CARR Guidance for FY 26 » (titre) ; « In addition, the signature of some larger contracts will not materialise in Q4 2026. Some of these opportunities remain in the Group's commercial pipeline for 2027, with their anticipated contribution to recurring revenue now expected to materialise later than originally planned. »
Risks mentioned
CARR guidance withdrawn due to volatility from free AI agent trials and delayed customer contracts; usage growing ahead of committed revenue.
Some larger contracts not expected to materialise in Q4 2026, pushed to 2027 pipeline.
Revenue decline of 13.4% YoY (8.8% excluding divested marketing business) reflecting exit of legacy and non-core contracts.
Opportunities identified
AI agents adopted by over 700 customers; agents generating 150,000 opportunities on annualised run-rate basis.
Advanced discussions with European Investment Bank for up to €40 million financing to fund R&D, AI product development and sales/marketing expansion.
Cost base reduced 17% to €22.8 million with headcount down to 274 from 326; Software Factory achieving 4.3 agent minutes per developer minute.
Outlook / guidance
Management commentary: « We remain focused on closing the year with break-even Cash EBITDA. » ; titre : « Cash EBITDA Break-even Confirmed for FY26 »
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Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
