secwatch.observer — SEC 8-K summary
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Issuer:     RideNow Group, Inc. (RDNW)
CIK:        0001596961
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001596961-24-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RumbleOn reports Q4 loss $168.4M, EBITDA plunges to $3.1M; introduces Vision 2026 plan, withdraws 2024 guidance
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- 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 FCF by CY2026; prior 2024 guidance withdrawn.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596961/000159696124000007/0001596961-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596961/000159696124000007/rmbl-20240314.htm
  HTML page:      https://secwatch.observer/filing/0001596961-24-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer