Vroom reports Q1 net loss from continuing ops of $44.7M; cash $91M; ecommerce wind-down substantially complete

Vroom, Inc.

2024-Q1 EPS reported -$37.68

Net loss from continuing operations $44.7M vs. $15.5M loss in Q1 2023; Adjusted EBITDA -$32.2M.
Interest income $51.1M (+48.6% YoY) driven by UACC; net interest income after losses $5.9M (-47.1%).
Cash and cash equivalents $91.0M; cash burn primarily from ecommerce wind-down costs.
UACC completed $262.5M securitization in April 2024; non-investment grade notes sold in May.
CarStory segment Adjusted EBITDA $0.6M; total company net loss $67.6M (including discontinued ops).

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 0.9

Vroom, Inc. reported first quarter ended March 31, 2024 results: net income $(44.7) million net loss from continuing operations.

Period: first quarter ended March 31, 2024
Net income: $(44.7) million net loss from continuing operations
Result: reported results

Exact text from the filing

Vroom, Inc. (Nasdaq:VRM) today announced financial results for the first quarter ended March 31, 2024. HIGHLIGHTS OF FIRST QUARTER 2024 • $91.0 million cash and cash equivalents as of March 31, 2024 • $(44.7) million net loss from continuing operations • $(32.2) million Adjusted EBITDA

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Source: SEC EDGAR

accession 0000950170-24-058050

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