RumbleOn reports Q4 loss $168.4M, EBITDA plunges to $3.1M; introduces Vision 2026 plan, withdraws 2024 guidance

RideNow Group, Inc.

Q4 revenue $311.1M (-6.2% YoY); full-year revenue $1.366B (-6.3%).
Q4 loss from continuing ops $168.4M (diluted EPS -$7.81); full-year loss $214.4M (-$12.09).
Adjusted EBITDA Q4 $3.1M (vs $19.7M prior year); full-year $50.6M (vs $120.8M).
Completed $100M rights offering; paid down $50M debt in Q4, total $111.7M for 2023.
Vision 2026 targets: >$1.7B revenue, >$150M Adj. EBITDA, >$90M Adj. FCF by CY2026; prior 2024 guidance withdrawn.

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 financial results for fourth quarter and year ended December 31, 2023.

Period: fourth quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 14, 2024, RumbleOn, Inc. (the “Company”) issued a press release reporting its results for the fourth quarter and year ended December 31, 2023.

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RideNow Group, Inc. filing history →

Source: SEC EDGAR

accession 0001596961-24-000007

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