1. RumbleOn reported a 13.4% drop in Q4 revenue YoY. 2. Net loss decreased by 66.5%, signaling improved financial health. 3. Operating cash flow rose to $99.4 million despite ongoing challenges. 4. Significant reduction in SG&A expenses, enhancing operational efficiency. 5. Focus on inventory management and cash flow is pivotal for 2025.
Despite revenue decline, significant improvements in cash flow and net loss indicate management effectiveness. Historically, such recovery signals can lead to positive market sentiment.
The operational improvements amidst challenges present a compelling growth narrative. Increased cash flow and reduced losses can attract investors, impacting the stock positively.
Immediate positive cash flow and expense management can boost investor confidence and stock price soon. Historical examples show recovery efforts tend to reflect in short-term stock movements.
RumbleOn, Inc. (NASDAQ: RMBL), ("RumbleOn" or "the Company"), today announced financial results for its fourth quarter and full year ended December 31, 2024.
"Despite the macroeconomic challenges of 2024, we remained focused on disciplined execution, operational efficiency, and building a strong foundation for long-term value creation. While our powersports segment faced headwinds, we exceeded our goal of reducing new inventory levels and generated positive free cash flow for the year. I'm incredibly proud of our front-line store operations team for delivering exceptional performance in a tough environment. There's more work ahead to strengthen profitability in 2025, but with the right inventory mix and a well-developed plan, we're confident we can deliver sustained, improved results," stated Michael Quartieri, RumbleOn's Chairman and Chief Executive Officer.
| ($ in millions except units) | 2024 | 2023 | YOY Change |
|---|---|---|---|
| Revenue | $ 269.6 | $ 311.2 | (13.4) % |
| Gross Profit | $ 67.5 | $ 71.2 | (5.2) % |
| ($ in millions except units) | 2024 | 2023 | YOY Change |
|---|---|---|---|
| Revenue | $ 1,209.2 | $ 1,366.4 | (11.5) % |
RumbleOn's management will host a conference call to discuss these results on March 11, 2025 at 7:00 a.m. Central Time (8:00 a.m. Eastern Time). To access the conference call, United States callers may dial 1-844-825-9789 (1-412-317-5180 for callers outside of the United States) and enter conference ID 10196311.
A live and archived webcast will be accessible from RumbleOn's Investor Relations website at https://investors.rumbleon.com.
RumbleOn, Inc. (NASDAQ: RMBL), operates through two operating segments: our Powersports dealership group and Wholesale Express, LLC, an asset-light transportation services provider focused on the automotive industry. We believe our Powersports group is the largest powersports retail group in the United States, offering over hundreds of powersports franchises representing different brands of products. Our Powersports group sells a wide selection of new and pre-owned products, including parts, apparel, accessories, finance & insurance products and services, and aftermarket products.
This press release contains "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995, which statements may be identified by words such as "expects," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Readers are cautioned not to place undue reliance on these forward-looking statements...
For more information on RumbleOn, please visit rumbleon.com.