RumbleOn Q4 net loss $287.7M on $350.3M impairment; full-year adj. EBITDA $120.1M

RideNow Group, Inc.

Full-year 2022: Net loss $(261.5)M ($(16.48)/diluted); adj. net income $37.3M ($2.35/diluted); adj. EBITDA $120.1M.
Q4 2022: Net loss $(287.7)M ($(17.80)/diluted); adj. net loss $(11.0)M ($(0.68)/diluted); adj. EBITDA $18.7M.
Powersports segment revenue $1.4B (78% of total) with 73,413 unit sales; gross profit $429.9M.
Executed $15M+ SG&A cost reductions; signed engagement with JPMorgan for balance sheet review; paid down $15M debt.
Announced strategic partnership with Camping World (CWH); completed 3 tuck-in acquisitions for $4.8M in Texas.

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 0.8

RideNow Group, Inc. reported financial results for the fourth quarter and year ended December 31, 2022.

Period: the fourth quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 16, 2023, RumbleOn, Inc. (the “Company”) issued a press release reporting its results for the fourth quarter and year ended December 31, 2022.

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

RideNow Group, Inc. filing history →

Source: SEC EDGAR

accession 0001596961-23-000005

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.