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Vroom
🇺🇸 NASDAQ:VRMMQ
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•
Dec 31, 2022

Vroom Q4 2022 Earnings Report

Announced fourth quarter and full year 2022 results, highlighted by significant sequential cost reductions and continued progress on long-term roadmap.

Key Takeaways

Vroom, Inc. reported a net income of $24.8 million for Q4 2022, a significant improvement compared to the net loss of $(51.1) million in the previous quarter. The company focused on cost reductions and improving operational efficiency during the quarter.

Ecommerce gross profit per unit was $1,233.

SG&A expenses were $90.8 million, a decrease from $134.6 million in the previous quarter.

Net income was $24.8 million, compared to a net loss of $(51.1) million in the previous quarter.

Adjusted EBITDA was $(70.9) million, slightly improved from $(73.3) million in the previous quarter.

Total Revenue
$209M
Previous year: $934M
-77.6%
EPS
$14.4
Previous year: -$76
-118.9%
Gross Profit
$29.5M
Previous year: $44.7M
-34.1%
Cash and Equivalents
$399M
Previous year: $1.13B
-64.8%
Free Cash Flow
-$90.2M
Previous year: -$253M
-64.3%
Total Assets
$1.62B
Previous year: $2.37B
-31.6%

Vroom

Vroom

Vroom Revenue by Segment

Forward Guidance

For the full year 2023, Vroom expects Adjusted EBITDA to be between $(250.0) million and $(200.0) million, and year-end cash and cash equivalents to be between $150.0 million and $200.0 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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