RumbleOn (NASDAQ:RMBL) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.21b (down 12% from FY 2023).
• Net loss: US$78.6m (loss narrowed by 63% from FY 2023).
• US$2.22 loss per share (improved from US$12.09 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

RumbleOn EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 132%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Specialty Retail industry in the US.

The company's shares are down 8.2% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of RumbleOn's balance sheet and an in-depth analysis of the company's financial position.

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