NASDAQ$VRM

Vroom Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2022 results, highlighted by significant sequential cost reductions and continued progress on long-term roadmap.

Vroom, Inc. reported a net income of $24.8 million for Q4 2022, a significant improvement compared to the net loss of $(51.1) million in the previous quarter. The company focused on cost reductions and improving operational efficiency during the quarter.

  • Ecommerce gross profit per unit was $1,233.
  • SG&A expenses were $90.8 million, a decrease from $134.6 million in the previous quarter.
  • Net income was $24.8 million, compared to a net loss of $(51.1) million in the previous quarter.
  • Adjusted EBITDA was $(70.9) million, slightly improved from $(73.3) million in the previous quarter.

Headline financials

Total Revenue

$209M

Previous: $934M-77.6%
EPS (adj)

$14.40

Previous: -$76.00+118.9%
Capital Expenditures

$4.27M

Previous: $9.63M-55.7%
Free Cash Flow

-$90.2M

Previous: -$253M+64.3%
Net Income

$24.8M

Previous: -$130M+119.1%
Operating Income

-$77.6M

Previous: -$125M+38.0%
Gross Profit

$29.5M

Previous: $44.7M-34.1%
Cash & Equivalents

$399M

Previous: $1.13B-64.8%
Total Assets

$1.62B

Previous: $2.37B-31.6%
Stock-Based Comp

$5.34M

Previous: $3.66M+46.2%

Revenue & EPS history

Vroom · Revenue · Quarterly

$209M

Q4 2022-77.6%vs Q4 2021
Beat estimate in 2 of 11 quarters(18%)
ActualEstimate

Revenue by segment

Vroom · $165M total across 2 segments · Q4 2022

  • Ecommerce
    $142M-80.8%
  • Wholesale
    $23M-81.0%

Forward guidance

For the full year 2023, Vroom expects Adjusted EBITDA to be between $(250.0) million and $(200.0) million, and year-end cash and cash equivalents to be between $150.0 million and $200.0 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 3 quarterly earnings reports

Historical avg

-10.0%

Avg return

Earnings day

-5.7%

Avg return

5 days after

+7.1%

Avg return

30 days after

22%

5 / 23 earnings

Positive

+32.0%

Q4 2023

Best reaction

-47.6%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.5%-10.2%
Q3 2025+2.5%-13.7%+2.5%
Q2 2025-5.0%-3.9%-1.7%
Q1 2025-3.1%-8.6%-5.2%
Q4 2024+0.5%+8.3%+32.6%
Q3 2024-18.3%
Q2 2024-26.1%
Q1 2024-3.3%
Q4 2023+32.0%
Q3 2023-23.8%
Q2 2023-30.8%
Q1 2023-2.0%
Q4 2022-1.0%
Q3 2022+11.3%
Q2 2022-31.5%
Q1 2022-8.1%
Q4 2021-47.6%
Q3 2021+7.8%
Q2 2021-21.1%
Q1 2021-2.1%
Q4 2020-34.0%
Q3 2020-7.3%
Q2 2020-13.0%
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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