VRM - Vroom misses Q2 top and bottom line estimates; improves Adjusted EBITDA FY23 outlook
2023-08-08 16:57:43 ET
- Vroom press release ( NASDAQ: VRM ): Q2 GAAP EPS of -$0.48 misses by $0.01 .
- Revenue of $225.18M (-52.6% Y/Y) misses by $0.37M .
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Financial Outlook: For the full year 2023, we updated our guidance to reflect an improved outlook on Adjusted EBITDA performance and convertible note repurchases:
- Adjusted EBITDA of $(225.0) to $(200.0) million;
- Year-end cash and cash equivalents of $137.0 to $187.0 million; reflecting $13.0 million of convertible note repurchases.
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Vroom misses Q2 top and bottom line estimates; improves Adjusted EBITDA FY23 outlook