RumbleOn Q2 revenue $382.7M, net loss $0.78/share, adj. EPS $0.02

RideNow Group, Inc.

2024-Q2 EPS reported -$1.87 revenue$717,115,000

Total revenue $382.7M, up 14.5% sequentially; gross profit $106.4M, margin 27.8% (+80 bps).
Net loss from continuing ops $(12.8)M, loss per share $(0.78); adjusted net income $0.3M, adj. diluted EPS $0.02.
Adjusted EBITDA $23.6M; total unit sales 20,277 (13,126 new, 7,151 used).
Signed LOI for sale-leaseback of real estate portfolio and sale of finance company credit portfolio.
Agreed with primary creditor on revised leverage covenants; invited Mark Cohen to board.

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

RideNow Group, Inc. reported the three months ended June 30, 2023 results: revenue $382.7 million, net income Net Loss from Continuing Operations of $(12.8) million, EPS Loss per Share from Continuing Operations of $(0.78).

Period: the three months ended June 30, 2023
Revenue: $382.7 million
Net income: Net Loss from Continuing Operations of $(12.8) million
EPS: Loss per Share from Continuing Operations of $(0.78)
Result: reported results

Exact text from the filing

and 7,151 Used Units, resulting in New:Used ratio of 1.8x, a slight increase from the prior quarter and more in line with a normal post-Covid ratio • Total Company Revenue of $382.7 million, up 14.5% sequentially, driven primarily by a rebound in new powersports vehicle sales and normal seasonal trends • Total Company Gross Profit of $106.4 million; Total Company

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 0001596961-23-000015

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.