Vroom (VRM) Tops Q1 EPS by 2c, Revenues Miss
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Vroom Announces First Quarter 2023 Results
May 9, 2023 4:05 PM EDTContinued Progress on Long-Term Roadmap Driving GPPU Improvement and Cost Reductions
NEW YORK--(BUSINESS WIRE)-- Vroom, Inc. (Nasdaq: VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the first quarter ended March 31, 2023.
HIGHLIGHTS OF FIRST QUARTER 2023 VERSUS FOURTH QUARTER 2022
Ecommerce gross profit per unit of $2,552 as compared to $1,233 Net loss of ($75.0) million as compared to net income of $24.8 million, due to gain on debt extinguishment of $126.8 million in the fourth quarter of 2022 Adjusted EBITDA of $(64.8)... More