RumbleON Full Year 2022 Earnings: Misses Expectations

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.

What are the risks and opportunities for RumbleON?

NasdaqCM:RMBL

RumbleON

RumbleON, Inc. operates a technology-based omnichannel platform in North America.Show more

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Rewards

• Trading at 92.9% below our estimate of its fair value

• Earnings are forecast to grow 102.31% per year

Risks

• Shareholders have been diluted in the past year

• Volatile share price over the past 3 months

View all Risks and Rewards

Share Price

Market Cap

1Y Return

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Further research on
RumbleON

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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.