Stock Analysis

RumbleON Full Year 2022 Earnings: Misses Expectations

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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).
NasdaqCM:RMBL Earnings and Revenue Growth March 18th 2023

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?

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

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

  • Earnings are forecast to grow 102.31% per year


  • Shareholders have been diluted in the past year

  • Volatile share price over the past 3 months

View all Risks and Rewards

Share Price

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1Y Return

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