RumbleOn(RMBL)
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RumbleOn(RMBL) - 2022 Q1 - Quarterly Report
2022-05-10 20:51
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38248 (Former name, former address and former fiscal year, if changed since last report) Securities registere ...
RumbleOn(RMBL) - 2021 Q4 - Annual Report
2022-04-08 21:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to________________ Commission file number 001-38248 RumbleOn, Inc. (Exact name of registrant as specified in its charter) | Nevada | 46-3951329 | | --- | --- | ...
RumbleOn(RMBL) - 2021 Q4 - Earnings Call Transcript
2022-03-16 16:29
RumbleON, Inc. (NASDAQ:RMBL) Q4 2021 Results Conference Call March 16, 2022 8:30 AM ET Company Participants Will Newell - Head, IR Marshall Chesrown - Chairman, CEO Narinder Sahai - CFO Conference Call Participants Craig Kennison - Baird Eric Wold - B. Riley Securities Rommel Dionisio - Aegis Capital Nathan Friedman - Wedbush Securities Operator Greetings, and welcome to the RumbleOn Fourth Quarter and Full Year 2021 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. I ...
RumbleON (RMBL) Presents At Raymond James 43rd Annual Institutional Investors Conference
2022-03-11 18:41
133 206 6 64 97 173 76 76 76 43 43 43 March 2022 THE FUTURESPORTS Raymond James 43rd Annual Institutional Conference 1 December 2021 Disclaimer 133 206 6 64 97 173 76 76 76 43 43 43 Cautionary Note on Forward-Looking Statements This Company Presentation may contain "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "projects," "will," "may," "anticipates," "believes," "should, ...
RumbleOn(RMBL) - 2021 Q3 - Quarterly Report
2021-11-15 22:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38248 RumbleOn, Inc. (Exact name of registrant as specified in its charter) Nevada 46-3951329 (State or other jurisdiction o ...
RumbleOn(RMBL) - 2021 Q3 - Earnings Call Transcript
2021-11-15 17:21
RumbleON, Inc. (NASDAQ:RMBL) Q3 2021 Results Earnings Conference Call November 15, 2021 8:30 AM ET Company Participants Will Newell - Investor Relations Marshall Chesrown - Chairman and CEO Beverly Rath - Interim CFO Peter Levy - President Conference Call Participants Eric Wold - B. Riley Securities Mike Baker - D.A. Davidson Seth Basham - Wedbush Securities Craig Kennison - Baird Operator Greetings, and welcome to the RumbleOn’s Third Quarter 2021 Earnings Conference Call. At this time, all lines are in l ...
RumbleOn(RMBL) - 2021 Q2 - Quarterly Report
2021-08-04 21:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38248 RumbleOn, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or orga ...
RumbleOn(RMBL) - 2021 Q2 - Earnings Call Transcript
2021-08-02 17:54
RumbleON, Inc. (NASDAQ:RMBL) Q2 2021 Earnings Conference Call August 2, 2021 8:30 AM ET Company Participants Marshall Chesrown - Chairman and CEO Beverly Rath - Interim CFO Hilary Sumnicht – IR Conference Call Participants Ron Josey - JMP Securities Michael Baker - D.A. Davidson Operator Greetings, and welcome to the RumbleOn Second Quarter 2021 Earnings Call. At this time, all lines are in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a remi ...
RumbleOn(RMBL) - 2021 Q1 - Quarterly Report
2021-05-17 20:42
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38248 RumbleOn, Inc. (Exact name of registrant as specified in its charter) Nevada 46-3951329 (State or other jurisdiction of in ...
RumbleOn(RMBL) - 2021 Q1 - Earnings Call Transcript
2021-05-17 16:15
Financial Data and Key Metrics Changes - RumbleOn reported a revenue of $104.3 million in Q1 2021, up from $70.4 million in Q4 2020, representing a 48% quarter-over-quarter growth [7][28] - Total gross profit for Q1 was $11.2 million, with a gross margin of 10.7%, down 20 basis points from Q4 but up from 7.2% in Q1 2020 [31] - Adjusted EBITDA was positive at $2.1 million, an improvement from a loss of $2.8 million in Q4 2020 and a loss of $6.5 million in Q1 2020 [33] Business Line Data and Key Metrics Changes - RumbleOn sold 3,500 units in Q1 2021, an increase from 2,647 units in Q4 2020 [28] - Powersport units sold were 1,006, generating $10.9 million in revenue, up 17% and 28% respectively compared to Q4 [28] - Automotive units sold were 2,494, generating $84.1 million in revenue, an increase of 40% and 52% respectively over Q4 [28] Market Data and Key Metrics Changes - The company experienced a significant imbalance in supply and demand, leading to higher pre-owned vehicle prices due to low new inventory availability [10][11] - The average selling prices and gross margins increased due to the supply-demand imbalance, despite a decrease in the number of vehicles sold year-over-year [29] Company Strategy and Development Direction - RumbleOn aims to become the first omnichannel customer experience in powersports through a pending business combination with RideNow, which is expected to close in Q3 2021 [22][40] - The company is focusing on enhancing its technology stack and business model to capture more market share and improve unit economics [42] - The integration with RideNow is anticipated to unlock incremental sales and improve access to quality pre-owned inventory, enhancing the consumer experience [24][70] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing recovery from COVID-19, expecting unit volumes to return to or exceed pre-pandemic levels [31][39] - The company anticipates strong revenue and gross profit growth in Q2 2021, with guidance of $140 million to $150 million in revenue and $18 million to $19 million in gross profit [39][40] - Management highlighted the importance of digital solutions in the vehicle retail space and the need for a strong online presence combined with traditional retail [42] Other Important Information - RumbleOn raised approximately $36.7 million through a public offering, significantly improving its cash position and liquidity [35] - The company is seeing rapid adoption of its Dealer Direct solution, with a 235% increase in units sold through the online auction platform from Q4 to Q1 [20] Q&A Session Summary Question: What synergies are being seen with RideNow ahead of the merger? - Management noted improved access to pre-owned inventory and significant opportunities in consumer retail finance as key synergies [50][51] Question: What is the timeline for closing the RideNow acquisition? - The expected closing timeframe is early Q3, with OEM approvals being the main condition [52][53] Question: How has the mix of new to used vehicles changed recently? - Management indicated an improvement in the ratio of used to new vehicles due to reduced new vehicle availability, with expectations for a one-to-one ratio in the long term [68] Question: How are relationships with OEM producers changing? - Management reported positive responses from OEMs regarding the merger, with no pushback anticipated [70]