RumbleOn, Inc. (RMBL) Q3 2024 Earnings Call Transcript Summary
RumbleOn, Inc. (RMBL) Q3 2024 Earnings Call Transcript Summary
Adjusted SG&A expenses were 21.7% lower than the same quarter last year.The following is a summary of the RumbleOn, Inc. (RMBL) Q3 2024 Earnings Call Transcript:
以下是RumbLeon, Inc.（RMBL）2024年第三季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
RumbleOn reported a revenue of $295 million in Q3, down 12.7% year-over-year.
Adjusted EBITDA was $6.8 million, down 26.1% compared to the same quarter last year.
Adjusted SG&A expenses were 21.7% lower than the same quarter last year.
RumbLeon公布的第三季度收入为2.95亿美元，同比下降12.7％。
调整后的息税折旧摊销前利润为680万美元，与去年同期相比下降26.1％。
调整后的销售和收购费用比去年同期下降了21.7％。
Business Progress:
业务进展：
RumbleOn's strategic focus includes effective inventory management, with a 53.8% reduction in total inventory.
They have achieved $30 million of annualized cost savings and are set on achieving a long-term target of 75% for SG&A as a percent of gross profit.
Expansion through acquisition with a new Harley-Davidson dealership in Massachusetts.
Focused on generating positive free cash flow through cost optimization and efficiency improvements.
RumbLeon的战略重点包括有效的库存管理，总库存减少了53.8％。
他们已经实现了3000万美元的年化成本节约，并计划实现销售和收购占毛利百分比的75％的长期目标。
通过收购在马萨诸塞州开设新的哈雷戴维森经销商进行扩张。
专注于通过成本优化和效率提高来产生正的自由现金流。
Opportunities:
机会：
The Federal Reserve interest rate reductions should save approximately $3 million in cash interest expense in 2025, aiding financial improvements.
美联储的利率下调将在2025年节省约300万美元的现金利息支出，从而帮助改善财务状况。
Risks:
风险：
Gross profit declines of 19% from Q3 2023 to Q3 2024 indicate ongoing pressure on profitability.
从2023年第三季度到2024年第三季度，毛利下降了19％，这表明盈利能力面临持续的压力。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
小贴士：本文由 AI 生成。无法完全保证内容的准确性。如需更全面的详情，请访问投资者关系网站。本文仅供投资者参考，不提供任何指导或建议建议。
