Vroom (VRM) Reports Q3 Net Loss of $51.1M
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Vroom Announces Record Ecommerce Gross Profit Per Unit of $4,206
November 7, 2022 4:35 PM ESTContinued Progress on Long-Term Roadmap
NEW YORK--(BUSINESS WIRE)-- Vroom, Inc. (Nasdaq: VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the third quarter ended September 30, 2022.
HIGHLIGHTS OF THIRD QUARTER 2022 VERSUS SECOND QUARTER 2022
Ecommerce gross profit per unit of $4,206, up 16% SG&A expenses decreased $18.3 million Net loss improved from $(115.1) million to $(51.1) million Adjusted EBITDA improved from $(85.6) million to $(73.3) million Adjusted EBITDA excluding non-recurring costs improved from $(77.3) million to $(57.5)... More