Vroom Q2 net loss narrows to $66.3M; ecommerce GPPU rises to $2,954

Vroom, Inc.

2023-Q2 EPS reported -$1.02 revenue$421,645,000

Ecommerce units sold 4,127 (+5% sequential), first sequential growth since Q2 2022.
Ecommerce GPPU improved to $2,954 from $2,552 in Q1; unaged units GPPU >$5,000.
Net loss $(66.3)M vs $(75.0)M in Q1; Adjusted EBITDA $(56.3)M vs $(64.8)M.
Revenue $225.2M, down 52.6% YoY; total units sold 6,270 vs 16,147.
Repurchased $18M convertible notes; expects <40% aged units in Q3.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.4

Vroom, Inc. updated its the second quarter ended June 30, 2023 guidance (reaffirmed).

Period: the second quarter ended June 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On August 8, 2023, Vroom, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0000950170-23-039842

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