POL - Polished.com GAAP EPS of -$3.14 revenue of $77.8M
2023-11-20 17:20:56 ET
- Polished.com press release ( NYSE: POL ): Q3 GAAP EPS of -$3.14.
- Revenue of $77.8M (-45.8% Y/Y).
- Adjusted EBITDA for the quarter was ($0.8) million.
- Update on Loan Agreement and Outlook: The Company has secured an amendment to its May 2022 credit agreement that extends the maturity date from August 31, 2024 to November 30, 2024. To help Polished maintain optimal flexibility and liquidity, the Company is continuing to work with an independent financial advisor to explore options for replacing the loan.
- Due to the sustained pressure on top line revenue as a result of macroeconomic headwinds continuing to significantly impact consumer discretionary spending, Polished expects Net Sales between $330 million and $350 million for 2023 and low-single-digit EBITDA margins for 2023.
- Shares -1.95% AH.
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Polished.com GAAP EPS of -$3.14, revenue of $77.8M