Polished.com Inc. (POL) Income Statement Analysis

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Complete financial analysis of Polished.com Inc. (POL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Polished.com Inc., a leading company in the Specialty Retail industry within the Consumer Cyclical sector.

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Polished.com Inc. (POL)

Industry: Specialty Retail

Sector: Consumer Cyclical

Website: https://www.goedekers.com

About Polished.com Inc.

Polished.com Inc. operates an e-commerce platform for appliances, furniture, and home goods in the United States. The company offers household appliances, including refrigerators, ranges, ovens, dishwashers, microwaves, freezers, washers, and dryers. It also sells furniture, décor, bed and bath, lighting, outdoor living, electronics, fitness equipment, plumbing fixtures, air conditioners, fireplaces, fans, dehumidifiers, humidifiers, air purifiers, and televisions. In addition, the company provides appliance installation services and old appliance removal services. The company was formerly known as 1847 Goedeker Inc. and changed its name to Polished.com Inc. in July 2022. Polished.com Inc. was founded in 1951 and is headquartered in Brooklyn, New York.

Metric	2022	2021	2020	2019	2018
Revenue	534.47M	362.31M	55.13M	47.62M	56.31M
Cost of Revenue	444.96M	282.66M	47.88M	43.71M	45.41M
Gross Profit	89.52M	79.66M	7.26M	3.91M	10.90M
Gross Profit Ratio	16.75%	21.99%	13.16%	8.21%	19.35%
Research & Development	0.00	0.00	0.00	0.00	0.00
General & Administrative	53.03M	36.92M	14.47M	5.18M	4.96M
Selling & Marketing	25.46M	11.96M	4.87M	2.71M	2.64M
SG&A	78.49M	48.88M	19.33M	7.89M	7.60M
Other Expenses	-2.55M	7.99M	549.71K	0.00	37.05K
Operating Expenses	89.94M	56.88M	19.88M	7.89M	7.64M
Cost & Expenses	534.90M	339.53M	67.76M	51.60M	53.05M
Interest Income	518.00K	95.00K	2.48K	23.81K	79.08K
Interest Expense	3.94M	3.20M	1.63M	2.51M	149.00
Depreciation & Amortization	11.46M	7.35M	-1.37M	280.71K	39.64K
EBITDA	-9.78M	15.40M	-12.08M	-3.70M	2.05M
EBITDA Ratio	-1.83%	4.32%	-25.38%	-7.77%	3.63%
Operating Income	-128.34M	8.32M	-12.63M	-3.98M	1.89M
Operating Income Ratio	-24.01%	2.30%	-22.90%	-8.36%	3.36%
Total Other Income/Expenses	-133.95M	-5.03M	-8.24M	-2.32M	115.99K
Income Before Tax	-134.37M	3.29M	-20.87M	-6.30M	2.01M
Income Before Tax Ratio	-25.14%	0.91%	-37.85%	-13.23%	3.56%
Income Tax Expense	-8.41M	-4.38M	698.30K	-698.30K	37.20K
Net Income	-125.97M	7.67M	-21.57M	-5.60M	2.01M
Net Income Ratio	-23.57%	2.12%	-39.12%	-11.77%	3.56%
EPS	-59.17	5.94	-197.38	-58.98	0.00
EPS Diluted	-59.17	5.94	-197.38	-58.98	0.00
Weighted Avg Shares Out	2.13M	1.29M	109.21K	95.00K	0.00
Weighted Avg Shares Out (Dil)	2.13M	1.29M	109.27K	95.00K	0.00

Metals Acquisition Limited Announces Strategic Investment in Polymetals Resources Limited (ASX:POL)

May 27, 2024businesswire.com

ST. HELIER, Jersey--(BUSINESS WIRE)--Metals Acquisition Limited (NYSE: MTAL; ASX: MAC) Metals Acquisition Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC) (“MAC” or the “Company”) is pleased to announce that it has signed a subscription agreement representing a strategic investment...

NYSE American to Commence Delisting Proceedings Against Polished.com Inc. (POL)

March 1, 2024businesswire.com

NEW YORK--(BUSINESS WIRE)--NYSE American LLC (“NYSE American” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Polished.com Inc. (the “Company”) — ticker symbol POL — from NYSE...

Polished.com Provides Corporate Updates

February 13, 2024businesswire.com

BROOKLYN, N.Y.--(BUSINESS WIRE)--Polished.com Inc. (the “Company” or “Polished”) (NYSE American: POL) today provided the following corporate updates: Update to Previously Issued Guidance for Fiscal Year 2023 The Company now expects net sales between $315 million and $325 million and EBITDA...

Why Are Stocks Down Today?

February 13, 2024investorplace.com

Stocks are down today and investors wondering why are in the right place as we have the answer to that question! The news behind why stocks are down today has to do with the latest Consumer Price Index (CPI) data...

Why Is Polished.com (POL) Stock Down 33% Today?

February 13, 2024investorplace.com

Polished.com (NYSEMKT: POL ) stock is falling on Tuesday after the e-commerce company noted it failed to pay back its debt to Bank of America on time. A filing with the Securities and Exchange Commission (SEC) reveals that Polished.com didn't pay...

Polished.com Has Scheduled its Annual Meeting of Stockholders for January 30, 2024

January 5, 2024businesswire.com

BROOKLYN, N.Y.--(BUSINESS WIRE)--Polished.com Inc. (NYSE: POL) (formerly known as 1847 Goedeker Inc.) (“Polished” or the “Company”), a content-driven and technology-enabled shopping destination for appliances, furniture and home goods in the U.S. household appliances market, today reiterated that it has scheduled...