RumbleON (NASDAQ:RMBL) Full Year 2022 Results
Key Financial Results
- Revenue: US$1.79b (up 94% from FY 2021).
- Net loss: US$261.5m (loss widened by US$251.8m from FY 2021).
- US$16.48 loss per share (further deteriorated from US$1.41 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
RumbleON Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Online Retail industry in the US.
Performance of the American Online Retail industry.
The company's shares are down 1.9% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for RumbleON you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqCM:RMBL
RumbleOn
Provides powersports dealership and vehicle transportation services in the United States.
Undervalued with moderate growth potential.
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