RumbleOn Reports First Quarter 2020 Results

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Go back to RumbleOn Reports First Quarter 2020 Results

RumbleOn Inc. (RMBL) Misses Q1 EPS by $7.77, Revenues Miss

June 29, 2020 6:17 AM EDT

RumbleOn Inc. (NASDAQ: RMBL) reported Q1 EPS of ($10.77), $7.77 worse than the analyst estimate of ($3.00). Revenue for the quarter came in at $144.4 million versus the consensus estimate of $212.9 million.

First Quarter 2020 Financial Highlights

Total vehicle unit sales of 7,420Total revenue was $144.4 million, up 13.8% from Q4 of 2019Powersports revenue was $23.1 million, up 39.2% from Q4 of 2019Automotive revenue was $114.2 million, up 8.6% from Q4 of 2019Transportation revenue was $7.1 million, up 37.4% from Q4 of 2019Gross profit was $(1.3) million or (0.9%), net of $11.7 million non-cash inventory impairment loss, and $1.2 million for net... More