Vroom Inc.

NASDAQ:VRM   12:29:51 PM EDT
1.32
+0.04 (+3.54%)
Earnings Announcements

Vroom Says Rocket Delivered Letter Containing Notice Of Its Intent Not To Renew Agreement

Published: 09/21/2022 21:49 GMT
Vroom Inc. (VRM) - Vroom - on Sept 1, Rocket Delivered Letter Containing Notice of Its Intent Not to Renew Agreement.
Vroom Inc- in the Letter, Rocket Offered to Continue to Provide Transition Services Until June 30, 2023.
Vroom - Following Meeting, Rocket Reduced Its Staff Dedicated to Co's Sales Operations.
Vroom Inc- Company and Rocket Are Currently Engaged in Discussions Regarding Any Duration of a Transition Period Beyond the Current Agreement.
Vroom - Co and Rocket Are Currently Engaged in Discussions Regarding Any Duration of a Transition Period Beyond the Current Agreement.
Vroom Inc- Transition Away From Rocket is Having a Short-term Impact on the Company’s Sales.
Vroom - Transition Away From Rocket Not Expected to Have Long-term Impact on Co's Sales Volume, Financial Condition & Results of Operations.
Further Company Coverage: Vrmo ((reuters.
Briefs@thomsonreuters.
Com;)).
Revenue is expected to be $445.41 Million
Adjusted EPS is expected to be -$0.58

Next Quarter Revenue Guidance is expected to be $425.55 Million
Next Quarter EPS Guidance is expected to be -$0.59

More details on our Analysts Page.