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Dec 31, 2023
Vroom Q4 2023 Earnings Report
Announced fourth quarter and full year 2023 results, highlighting substantial progress on its value maximization plan.
Key Takeaways
Vroom, Inc. reported financial results for the fourth quarter and fiscal year ended December 31, 2023. The company sold 4,780 Ecommerce units with an Ecommerce gross profit per unit (GPPU) of $4,742. The net loss for the quarter was $(141.3) million, and Adjusted EBITDA was $(91.6) million, including ~$27 million impact of aged inventory liquidations and inventory write-downs due to the discontinuance of ecommerce operations.
Cash and cash equivalents totaled $135.6 million as of December 31, 2023.
Ecommerce units sold reached 4,780, marking the third consecutive quarter of growth.
Ecommerce gross profit per unit (GPPU) was $4,742.
Net loss amounted to $(141.3) million.
Vroom
Vroom
Vroom Revenue by Segment
Revenue by Segment
Ecommerce Revenue
CapyFin.comWholesale Revenue
CapyFin.com Forward Guidance
The company expects year-end 2024 cash and cash equivalents in the range of $35.0 to $65.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income