IRVING, TX – May 10, 2022 – (Motor Sports NewsWire) – RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation’s first technology-based omnichannel powersports platform, today announced operational and financial results for the three months ended March 31, 2022. RumbleOn management is hosting an investor call to discuss the Company’s results today, May 10, 2022, at 7:30 am CT (8:30 am ET).
Management Commentary
Marshall Chesrown, RumbleOn’s Chief Executive Officer commented, “We are reimagining the customer experience, building the future of powersports, both online and in the showroom, and we’ve made great strides on our mission. We strengthened our omnichannel consumer offering, expanded our national footprint, and deepened our leadership position in powersports.”
“We entered 2022 with great momentum and a new regional management structure to support our vision — and our first quarter results demonstrate our strong execution. Not only are we capturing market share, we are doing so with gross margin expansion and robust cash generation,” continued Chesrown.
“We remain singularly focused on our North Star, providing customers an unparalleled choice of products and services, as well as an unmatched buying experience. We are confident that we are positioning RumbleOn for sustainable long-term growth and profitability,” concluded Chesrown.
First Quarter 2022 — Summary Financial Results
Reconciliation of GAAP to non-GAAP financial measures are provided in accompanying financial schedules.
Unless otherwise noted, all comparisons are on a sequential basis for the three months ended March 31, 2022, as compared to the three-months ended December 31, 2021.
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(Unaudited) |
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$ in millions |
Three Months Ended |
Change |
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Mar 31, 2022 |
Dec 31, 2021 |
Mar 31, 2021 |
Sequential |
Year-over-Year |
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Total Unit Sales (#) |
19,380 |
17,037 |
3,500 |
13.8% |
454% |
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Total… |
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