LMP Automotive Holdings, Inc. Provides Earnings and Operating Guidance for the First Quarter, Year of 2021 and 2022
March 25, 2021 at 08:00 am EDT
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LMP Automotive Holdings, Inc. provided earnings and operating guidance for the first quarter, year of 2021 and 2022. For the quarter of 2021, the company expects revenue to be 29 million to $31 million. Total units to be 1,000.
For the year of 2021, the company expects revenue to be 535 million. Total units to be 19,600.
For the year of 2022, the company expects revenue to be 587 million. Total units to be 20,600.
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. 