RumbleON, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 07:09 am EST
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RumbleON, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 221.21 million compared to USD 117.26 million a year ago. Net loss was USD 22.54 million compared to net income of USD 1.49 million a year ago. Basic loss per share from continuing operations was USD 3.25 compared to basic earnings per share from continuing operations of USD 0.67 a year ago.
For the nine months, revenue was USD 493.82 million compared to USD 345.75 million a year ago. Net loss was USD 30.39 million compared to USD 19.51 million a year ago. Basic loss per share from continuing operations was USD 7.27 compared to USD 9.01 a year ago.
RumbleOn, Inc. is engaged in the business of powersports and vehicle transportation services. The Company's powersports business offers a wide selection of new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products. It also offers parts, apparel, accessories, finance and insurance products and services, and aftermarket products from a wide range of manufacturers. Additionally, it offers a full suite of repair and maintenance services. It offers over 500 powersports franchises representing 52 different brands of products. Its vehicle transportation services business includes Wholesale Express, LLC, its subsidiary, which provides asset-light transportation brokerage services facilitating automobile transportation primarily between and among dealers. It provides services focused on pre-owned vehicles to clients in all 50 states through its established network of pre-qualified carriers.
RUMBLEON, INC. 
