RumbleOn Q3 revenue $470.3M; explores strategic alternatives for auto segment

RideNow Group, Inc.

2022-Q3 EPS reported $1.65 revenue$1,476,287,000

Total revenue $470.3M, gross profit $116.3M; net income $3.0M ($0.19 diluted EPS).
Powersports segment revenue $385.4M (82% of total); gross profit $111.0M (95% of total).
Increasing FY2022 powersports revenue outlook to at least $1.5B.
Exploring strategic alternatives for Automotive segment; revenue $70M, gross profit $1.9M.
Reached global settlement with former RideNow owners; $75M incremental liquidity from used inventory financing.

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 0.95

RideNow Group, Inc. reported the three months ended September 30, 2022 results: revenue $470.3 million, net income $3.0 million, EPS $0.19. Guidance raised.

Period: the three months ended September 30, 2022
Revenue: $470.3 million
Net income: $3.0 million
EPS: $0.19
Guidance: raised
Result: reported results

Exact text from the filing

expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- RumbleOn Reports Third Quarter 2022 Financial Results • Delivers Total Company Revenue of $470.3 million and Gross Profit of $116.3 million driven by robust unit sales and GPU performance in the Powersports Segment • Announces decision to explore strategic alternatives for the

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RideNow Group, Inc. filing history →

Source: SEC EDGAR

accession 0001596961-22-000027

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