![]() Reconciliation of GAAP to non-GAAP financial measures are provided in accompanying financial schedules. Second Quarter 2022 - Summary Financial Results We are building the future of powersports by delivering an unparalleled customer experience, both online and in the showroom, through our unique onmnichannel offering, and we continue to capture market share." "We are keeping our eyes firmly focused on our North Star: providing customers an unparalleled choice of products and services, and an unmatched buying experience both online and in our retail locations, while we strengthen our foundation to support future growth,” concluded Chesrown. ![]() We saw strong demand for our offering in Q2 and delivered another quarter of profitable growth while driving gross margin expansion and robust cash generation. Marshall Chesrown, RumbleOn's Chairman and Chief Executive Officer commented, “In a quarter marked by macroeconomic uncertainty, RumbleOn executed. Outlook reaffirmed for Full Year 2022 Revenue of $1.9 Billion to $2.0 Billion and Adjusted EBITDA of at least $145.0 million Significant financial flexibility with cash and cash equivalents, including restricted cash, of $77.7 million and total available liquidity of $270.0 million as of June 30, 2022, which excludes equity in owned Used Powersports inventory of over $86.0 million Net Income of $14.0 million increased 53.5% sequentially with Diluted Earnings per Share of $0.87Įxcluding charges and credits but including stock-based compensation expense, Adjusted Net Income of $19.3 million increased 59.5% sequentially with Adjusted Diluted Earnings per Share of $1.20Īdjusted EBITDA of $44.3 million increased 41.0% sequentiallyĬontinued strong cash generation with Cash Flow from Operating Activities of $50.0 million for the six months ended June 30, 2022, while accelerating strategic investments in facilities, technology, and people & processes aimed at building scale Gross Profit of $138.0 million, an increase of over 31% sequentially, and Gross Profit Margin of 25.3%, an increase of 240 bps sequentially ![]() Record Total Company Revenue of $546.1 million, up 18.7% sequentially, driven by exceptional Powersports segment Revenue of $414.8 million, an increase of 23.2% sequentially ![]() Strong Powersports Unit growth of 23.6% sequentially resulting in 20,713 total Powersports Units sold driven by sustained momentum in Used Retail Powersports Units which increased 41.3% sequentially to 8,619 units Total Unit Sales of 23,330 across Powersports and Automotive segments increased 20.4% sequentially Financial and Operational Highlights for the Second Quarter 2022 RumbleOn management is hosting an investor call to discuss the Company’s results today, August 9, 2022, at 7:30 am CT (8:30 am ET). (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation's first technology-based omnichannel powersports platform, today announced operational and financial results for the three months ended June 30, 2022. IRVING, Texas-( BUSINESS WIRE )-RumbleOn, Inc. Reported Diluted Earnings per Share of $0.87 and Adjusted Diluted Earnings per Share of $1.20 ![]() Generated Gross Profit of $138.0 million, an Increase of 31% Sequentially RumbleOn Reports Record Second Quarter 2022 Financial Resultsĭelivered Record Revenue of $546.1 million - over Half a Billion in a Quarter for the First Time ![]()
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