secwatch / observer
8-K filed November 7, 2023, 6:59 PM ET ticker RDNW CIK 0001596961
earnings confidence high sentiment negative materiality 0.70

RumbleOn Q3 revenue $338.1M, net loss $0.99/share; pays down $47M debt, announces $100M rights offering

RideNow Group, Inc.

2024-Q3 EPS reported -$2.86 revenue$1,055,226,000

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 three months ended September 30, 2023 results: revenue $338.1 million, net income Net Loss from Continuing Operations of $16.5 million, EPS Loss per Share from Continuing Operations of $0.99. Guidance reaffirmed.

Period
three months ended September 30, 2023
Revenue
$338.1 million
Net income
Net Loss from Continuing Operations of $16.5 million
EPS
Loss per Share from Continuing Operations of $0.99
Guidance
reaffirmed
Result
reported results
Exact text from the filing
RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the largest powersports retailer in North America, today announced operational and financial results for the three months ended September 30, 2023. RumbleOn management is hosting an earnings call to discuss the Company’s results today, November 7, 2023, at 7:00 am CT (8:00 am ET). Third Quarter 2023 Financial and Operational Highlights • Total Unit Sales of 17,573, comprised of 10,851 New Units and 6,722 Used Units, resulting in New:Used ratio of 1.6x, a slight decrease from the prior quarter • Total Company Revenue of $338.1 million, down 11.7% sequentially, driven by normal seasonal trends. • Total Company Gross Profit of $91.9 million; Total Company Gross Profit Margin of 27.2% decreased 60 bps sequentially • Net Loss from Continuing Operations of $16.5 million with Loss per Share from Continuing Operations of $0.99
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 0001596961-23-000044
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