RumbleOn Reports Second Quarter 2020 Results
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RumbleOn Inc. (RMBL) Tops Q2 EPS by $5.03, Revenues Miss
August 14, 2020 7:03 AM EDTRumbleOn 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
