RumbleOn Reports Second Quarter 2020 Results

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Go back to RumbleOn Reports Second Quarter 2020 Results

RumbleOn Inc. (RMBL) Tops Q2 EPS by $5.03, Revenues Miss

August 14, 2020 7:03 AM EDT

RumbleOn Inc. (NASDAQ: RMBL) reported Q2 EPS of $0.47, $5.03 better than the analyst estimate of ($4.56). Revenue for the quarter came in at $84.34 million versus the consensus estimate of $107.35 million.

We have demonstrated solid progress on our march to profitability the past several quarters and I am pleased to report that we generated double digit gross margin as a percent of sales and $1.0 million in net income in the quarter, despite the challenging macroeconomic backdrop. In 2019, we demonstrated our ability to rapidly scale RumbleOn and exited the year with our eye on achieving profitability.... More