ACV Q4 revenue $98M (-2% YoY), full-year revenue $422M (+18%); guides FY2023 revenue $460-470M

ACV Auctions Inc.

2022-FY EPS reported -$0.65 revenue$421,529,000

Q4 revenue $98M, down 2% YoY; full-year revenue $422M, up 18% YoY.
Q4 GAAP net loss $25M; full-year GAAP net loss $102M.
Q4 Adjusted EBITDA loss $13M, improved from -$16M in Q4 2021; full-year loss $56M vs -$44M.
Marketplace units Q4 124,751 (-10% YoY); full-year 546,088 (-3% YoY).
FY2023 guidance: revenue $460-470M (9-11% growth), Adjusted EBITDA loss $30-35M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACV Auctions Inc. reported the year ended December 31, 2022 results: revenue $422 million, net income $102 million.

Period: the year ended December 31, 2022
Revenue: $422 million
Net income: $102 million
Result: reported results

Exact text from the filing

● Fourth quarter revenue of $98 million and full-year revenue of $422 million ● Fourth quarter GAAP net loss of $25 million and full-year GAAP net loss of $102 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACV Auctions Inc. reported First Quarter and Full-Year 2023 results: revenue $460 million to $470 million. Guidance initiated.

Period: First Quarter and Full-Year 2023
Revenue: $460 million to $470 million
Guidance: initiated
Result: guidance update

Exact text from the filing

● Expects 2023 revenue of $460 million to $470 million, representing growth of 9% to 11% YoY; expects 2023 Adjusted EBITDA loss of $30 million to $35 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACV Auctions Inc. reported the quarter ended December 31, 2022 results: revenue $98 million, net income $25 million.

Period: the quarter ended December 31, 2022
Revenue: $98 million
Net income: $25 million
Result: reported results

Exact text from the filing

● Fourth quarter revenue of $98 million and full-year revenue of $422 million ● Fourth quarter GAAP net loss of $25 million and full-year GAAP net loss of $102 million

View on SEC.gov

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ACV Auctions Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-003752

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