For more information, visit The contents of our website are not incorporated into this press release. Shift provides comprehensive, digital solutions throughout the car ownership lifecycle: finding the right car, having a test drive brought to you before buying the car, a seamless digitally-driven purchase transaction including financing and vehicle protection products, an efficient, digital trade-in/sale transaction, and a vision to provide high-value support services during car ownership. Shift’s mission is to make car purchase and ownership simple - to make buying or selling a used car fun, fair, and accessible to everyone. Shift is a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience. A telephonic replay will be available through Augby dialing (855) 859-2056 or (404) 537-3406 and entering passcode 8185627#. To listen to a live audio webcast, please visit Shift’s Investor Relations website at. This call is scheduled to begin at 2:00 pm PT / 5:00 pm ET and can be accessed by dialing (833) 614-1395 or (914) 987-7116.
Shift senior management will host a conference call today to discuss the Company’s Q2'2021 financial results and third quarter outlook. “The momentum we are seeing in our business has again motivated us to raise our revenue and unit guidance for the year and we look forward to more record-breaking results in the quarters ahead.” “Toby and I are so grateful for the exceptional team we have that has continued to outperform and deliver results beyond what we’ve thought was possible,” added Co-CEO and Co-Founder George Arison. Additionally, our business model and operations were well positioned to capitalize on the favorable profitability that the unique used car market conditions offered,” said Co-CEO and Co-Founder Toby Russell. “In the second quarter we again delivered industry-leading revenue growth of nearly 5x year-over-year, including strong sequential growth quarter over quarter. A live audio webcast will also be available on Shift’s Investor Relations website.
#Shift technologies earnings call full#
Management’s commentary on second quarter financial results and third quarter and full year 2021 outlook can be found by accessing the Company’s shareholder letter on, or by listening to today’s conference call.
(Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today reported second quarter financial results for the period ended June 30, 2021. 10, 2021 (GLOBE NEWSWIRE) - Shift Technologies, Inc. Management raises full-year revenue guidance to $575 million - $595 million, 3x year-over-year growth at the midpoint of the range.Projecting 171% year-over-year Q3'2021 revenue growth, at the midpoint of management guidance range.Total Gross Profit of $16.3 million, an increase of 357% year-over-year.Achieved record revenue and units sold levels in the second quarter year-over-year growth of 377% and 240%, respectively.
0 kommentar(er)
