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CarLotz, Inc. (LOTZ) Reports Q4 Loss of $1.30, Offers Q1 and FY Guidance

March 15, 2021 4:09 PM EDT

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CarLotz, Inc. (NASDAQ: LOTZ) reported Q4 EPS of ($1.30), versus ($1.23) reported last year. Revenue for the quarter came in at $37 million, versus $26.4 million reported last year.

GUIDANCE:

CarLotz, Inc. sees Q1 2021 revenue of $42-46 billion.

  • Three hub openings (Seattle, Orlando and Nashville)
  • Retail Units Sold of 1,900 to 2,100
  • Net Revenue of $42 to $46 million
  • Gross Profit of $1.6 to $2.0 million
  • Retail GPU of $1,300 to $1,500
  • SG&A expenses of $17 to $19 million
  • Net Loss of $(16) to $(15) million

CarLotz, Inc. sees FY2021 revenue of $335-375 million.

  • 14 to 16 hub openings (includes Seattle, Orlando and Nashville), most of which are expected to open in the back half of the year
  • Retail Units Sold of 18,000 to 20,000 with 13,000 to 15,000 in the second half of year
  • Net Revenue of $335 to $375 million
  • Gross Profit of $30 to $37 million
  • Retail GPU of $1,800 to $2,000
  • SG&A expenses of $107 to $112 million
  • Depreciation expense of $3 to $4 million
  • Interest expense of $400,000 to $500,000
  • Net Loss of $(87) to $(74) million
  • Fully diluted weighted average common shares outstanding of 113.6 million
  • Capital expenditures of $45 to $50 million

For earnings history and earnings-related data on CarLotz, Inc. (LOTZ) click here.



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