Vroom (VRM) Q4 Revenues Miss

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Go back to Vroom (VRM) Q4 Revenues Miss

Vroom Announces Fourth Quarter and Full Year 2022 Results

February 28, 2023 4:05 PM EST

Significant Sequential Cost Reductions and Continued Progress on Long-Term Roadmap

NEW YORK--(BUSINESS WIRE)-- Vroom, Inc. (Nasdaq: VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the fourth quarter and fiscal year ended December 31, 2022.

HIGHLIGHTS OF FOURTH QUARTER 2022 VERSUS THIRD QUARTER 2022

Ecommerce gross profit per unit of $1,233 as compared to $4,206 SG&A expenses of $90.8 million as compared to $134.6 million Net income of $24.8 million as compared to net loss of $(51.1) million Adjusted EBITDA of $(70.9) million as... More