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Jun 30, 2020
Vroom Q2 2020 Earnings Report
Vroom's Q2 2020 performance was ahead of its growth plan, with e-commerce unit sales up 74%.
Key Takeaways
Vroom, Inc. reported financial results for the second quarter ended June 30, 2020. The company saw an increase in Ecommerce units sold, reaching 6,713, and a revenue of $253.1 million. However, the company experienced a net loss of $(63.2) million, or $(2.00) per share.
Ecommerce unit sales increased by 74% to 6,713 units.
Total revenue reached $253.1 million.
Gross profit was reported at $7.6 million.
Net loss amounted to $(63.2) million, with a net loss per share of $(2.00).
Vroom
Vroom
Vroom Revenue by Segment
Revenue by Segment
Ecommerce Revenue
CapyFin.comTDA Revenue
CapyFin.comWholesale Revenue
CapyFin.com Forward Guidance
Vroom expects another quarter of significant year-over-year growth in ecommerce unit sales and revenue for Q3 2020 and improvement in total ecommerce gross profit per unit.
Positive Outlook
- Ecommerce unit sales of 8,500-8,800
- Average total revenue per unit of $23,500
- Average gross profit per unit of $1,600-$1,700 for ecommerce
- TDA unit sales of 1,400-1,600
- Total revenue of $268 million -$290 million
Challenges Ahead
- Average gross profit per unit of $1,000-$1,100 for TDA
- Wholesale unit sales of 3,500-4,500
- Average revenue per unit of $10,000 for wholesale
- Average gross profit per unit of $100-$200 for wholesale
- Net loss per share of $(0.42)-$(0.37)
Revenue & Expenses
Visualization of income flow from segment revenue to net income