$RumbleON (RMBL.US)$It is an American company listed in 2017...
$RumbleON (RMBL.US)$It is an American company listed in 2017. Both operating profit and net profit have been in the loss range for the past 5 years. Fortunately, the loss margin has been shrinking.
The company's revenue has fluctuated greatly in the past 3 years. The first two quarters of 2022 continued the growth of 2021. Revenue increased 269%, operating profit increased 27.5 times, and net profit reversed losses to 23 million.
The balance sheet shows a sharp increase in the company's assets and liabilities in 2021; a reverse takeover should have occurred.
The acquisition produced good results in 2022. If the annual profit reaches 46 million, the corresponding price-earnings ratio is 8.3, which doesn't seem very high.
However, the entire market is currently at the top of the cycle. The profits of the two quarters are obviously too short; we can observe a few more quarters.
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