RumbleON, Inc. (NASDAQ:RMBL) Q3 2023 Earnings Call Transcript
RumbleON, Inc. (NASDAQ:RMBL) Q3 2023 Earnings Call Transcript November 7, 2023
RumbleON, Inc. misses on earnings expectations. Reported EPS is $-0.99 EPS, expectations were $-0.32.
Operator: Greetings, and welcome to the RumbleON Third Quarter 2023 Earnings Conference Call. At this time all participants are in a listen-only mode. The question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Will Newell, Head of Investor Relations. Thank you. You may begin.
Will Newell: Thank you, operator. Good morning, ladies and gentlemen. Thank you for joining us on this conference call to discuss RumbleON's third quarter 2023 financial results. Joining me on the call today are Mike Kennedy, RumbleON's new Chief Executive Officer; Mark Tkach, RumbleON Board Observer and RideNow Founder; and Blake Lawson, RumbleON's Chief Financial Officer. Our Q3 results are detailed in the press release we issued this morning and supplemental information is available in our third quarter Form 10-Q. Before we start, I would like to remind you the following discussion contains forward-looking statements, including, but not limited to RumbleON's market opportunities and future financial results and involve risks and uncertainties that may cause actual results to differ materially from those discussed here.
Additional information that could cause actual results to differ from forward-looking statements can be found in RumbleON's periodic and other SEC filings. The forward-looking statements and risks in this conference call, including responses to your questions, are based on current expectations as of today, and RumbleON assumes no obligation to update or revise them, whether as a result of new developments or otherwise, except as required by law. Also, following discussion contains non-GAAP financial measures. For a reconciliation of these non-GAAP financial measures, please see our earnings release issued earlier this morning. Now I will turn the call over to Mark.
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Mark Tkach: Thanks, Will, and good morning, everyone. Thank you for joining us for our third quarter 2023 earnings call. We're excited to formally introduce Mike Kennedy to all of you as the new Chief Executive Officer. We're pleased to have such a proven leader join RumbleON at such an important time in our history. Mike is a seasoned executive with a proven track record in the powersports industry. I've known Mike for many years, and I'm confident that with his expertise and successful background in the field, he is uniquely qualified to lead RumbleON's transformation plan and enhance value for our shareholders. I want to thank the RumbleON team for their continued hard work and dedication throughout this transition as we make progress towards our goals.
In terms of my future role, I will continue to act as a consulting capacity through the term of my employment agreement. I will also be a Board observer and given my significant ownership interest in the company and my passion for the industry, I plan to stay very involved in the business going forward. And with that, I will turn it over to our new CEO, Mike Kennedy. Mike?
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