See more : Westwing Group SE (WEW.DE) Income Statement Analysis – Financial Results
Complete financial analysis of Shift Technologies, Inc. (SFTGQ) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Shift Technologies, Inc., a leading company in the Auto – Dealerships industry within the Consumer Cyclical sector.
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Shift Technologies, Inc. (SFTGQ)
About Shift Technologies, Inc.
Shift Technologies, Inc., together with its subsidiaries, provides an ecommerce platform for buying and selling used cars in the United States. The company operates in two segments, Retail and Wholesale. It engages in the retail sale of used vehicles through its platform; and provides financing and vehicle protection products. The company also provides value-added products, such as vehicle service contracts, guaranteed asset protection waiver coverage, wheel and tire coverage, prepaid maintenance plans, and appearance protection plans. In addition, it is involved in the sale of used vehicles through wholesale auctions or directly to a wholesaler. The company was founded in 2013 and is headquartered in San Francisco, California. On October 9, 2023, Shift Technologies, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of California Northern.The US Bankruptcy Court granted an order for the joint administration of the Chapter 11 bankruptcy cases of Shift Technologies, Inc. and its affiliates on October 9, 2023.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Revenue | 670.75M | 636.87M | 195.72M | 166.24M | 0.00 |
| Cost of Revenue | 655.88M | 593.67M | 188.07M | 171.22M | 0.00 |
| Gross Profit | 14.88M | 43.20M | 7.65M | -4.98M | 0.00 |
| Gross Profit Ratio | 2.22% | 6.78% | 3.91% | -3.00% | 0.00% |
| Research & Development | 8.80M | 4.40M | 3.60M | 2.70M | 0.00 |
| General & Administrative | 181.46M | 170.25M | 60.63M | 64.90M | 0.00 |
| Selling & Marketing | 32.55M | 49.81M | 23.27M | 6.96M | 0.00 |
| SG&A | 214.01M | 220.06M | 83.90M | 71.86M | 1.67K |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 214.01M | 220.06M | 83.90M | 71.86M | 1.67K |
| Cost & Expenses | 869.88M | 813.72M | 271.97M | 243.08M | 1.67K |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 10.95M | 8.08M | 7.65M | 3.78M | 0.00 |
| Depreciation & Amortization | 20.95M | 5.59M | 4.54M | 3.22M | 0.00 |
| EBITDA | -139.81M | -153.07M | -49.86M | -73.48M | -1.67K |
| EBITDA Ratio | -26.56% | -26.89% | -36.64% | -44.29% | 0.00% |
| Operating Income | -199.13M | -176.85M | -76.25M | -76.84M | -1.67K |
| Operating Income Ratio | -29.69% | -27.77% | -38.96% | -46.23% | 0.00% |
| Total Other Income/Expenses | 27.42M | 10.81M | 17.11M | -3.64M | 0.00 |
| Income Before Tax | -171.72M | -166.04M | -59.15M | -80.48M | -1.67K |
| Income Before Tax Ratio | -25.60% | -26.07% | -30.22% | -48.42% | 0.00% |
| Income Tax Expense | 326.00K | 226.00K | 0.00 | 0.00 | 0.00 |
| Net Income | -172.04M | -166.27M | -59.15M | -80.48M | -1.67K |
| Net Income Ratio | -25.65% | -26.11% | -30.22% | -48.42% | 0.00% |
| EPS | -19.92 | -21.29 | -31.24 | -252.99 | 0.00 |
| EPS Diluted | -19.92 | -21.29 | -31.24 | -252.99 | 0.00 |
| Weighted Avg Shares Out | 8.64M | 7.81M | 1.89M | 318.13K | 1.80M |
| Weighted Avg Shares Out (Dil) | 8.64M | 7.81M | 1.89M | 318.13K | 1.80M |
Source: https://incomestatements.info
Category: Stock Reports