LMP Automotive Holdings, Inc. Provides Earnings Guidance for the Fourth Quarter Ended December 31, 2019 and Full Year 2020
February 05, 2020 at 08:59 am EST
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LMP Automotive Holdings, Inc. provided earnings guidance for the fourth quarter ended December 31, 2019. For the quarter, the company expects revenue to be $3,032,480, rental revenue is expected to be $23,049, net loss is expected to be $572,195, and net loss per share is expected to be $0.08.
For the year 2020, the company expects revenue of $52 million to $65 million and net income of $2.8 million to $3.5 million.
LMP Automotive Holdings, Inc. is an e-commerce and facilities-based automotive retailer in the United States. The Company offers a range of products and services fulfilling the entire vehicle ownership lifecycle, including new and used vehicles, finance and insurance products and automotive repair and maintenance. Its e-commerce technology and strategy are designed to disrupt the industry by leveraging its selection of owned inventories and physical logistics networks. The Company seeks to provide customers with both online and in person services. Its physical logistics network enables it to provide convenient free delivery points for customers and provide services throughout the entire ownership life cycle. The Company uses digital technologies to lower its customer acquisition costs and achieve operational efficiencies.
LMP AUTOMOTIVE HOLDINGS, INC. 