LMPX - Earnings announcements

FORT LAUDERDALE, FL, May 19, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX) ("LMP" or the "Company"), an e-commerce and facilities-based automotive retailer in the United States, today announced that it plans to restate previously issued financial statements as of and for each of the first three quarterly periods in 2021 to correct certain accounting items. On May 16, 2022, management of LMP Automotive Holdings, Inc. and the audit committee of the Company's board of directors concluded that the Company's previously issued condensed consolidated financial statements as of and for the quarters ended March 31, 2021, June 30, 2021, and September 30, 2021 are required t

FORT LAUDERDALE, FL, May 17, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX) ("LMP" or the "Company"), an e-commerce and facilities-based automotive retailer in the United States, today provided a corporate update and announced a delay of its first quarter 2022 financial results for the period ended March 31, 2022. Delay of its First Quarter 2022 Financial Results As LMP continues its evaluation of (i) the proper identification and elimination of intercompany transactions, (ii) estimates of chargeback reserves for finance and insurance products and (iii) various financial presentation matters related to the Company's business, in each case, in the context of

FORT LAUDERDALE, Fla., April 15, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX) ("LMP" or the "Company"), an e-commerce and facilities-based automotive retailer in the United States, today provided a corporate update and announces it will delay its 2021 financial results. Q1 2022 Financial Update Year to date, we are witnessing robust gross profits and revenue growth month-over-month. Revenue in the month of March was at its highest levels as compared to monthly revenue in the trailing 9 months. Balance Sheet Update LMP utilized approximately $16 million in cash from its balance sheet in the fourth quarter of 2021 for the following: We completed the acq

FORT LAUDERDALE, Fla., March 31, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced that it will delay its 2021 financial results and conference call, previously scheduled for March 31, 2022. As LMP continues to evaluate and account for certain transactions primarily related to its acquisitions that were consummated in 2021. There is a significant change in our results of operations in calendar year 2021 when compared to the results from the corresponding period in the prior year, primarily as a result of acquisitions that closed during the course of calendar year 2021. During

FORT LAUDERDALE, FL , Feb. 03, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX) (the "Company"), an e-commerce and facilities-based automotive retailer in the United States, today announced it will report its fourth quarter and full year 2021 audited financial results for the period ended December 31, 2021 after the close of market on Thursday, March 31, 2022. On that day, management will hold a conference call at 4:30 p.m. ET to review and discuss the Company's business and results. What:LMP Automotive Holdings, Inc.  Fourth Quarter 2021 Financial Results Conference CallWhen:Thursday, March 31, 2022Time:4:30 p.m. ET Live Call:1-877-407-3982; International:  1-201-

Third Quarter 2021 Highlights All financial comparisons stated below are compared to the third quarter of 2020, unless otherwise noted. Revenue increased $128.0M to $141.4MOverall Gross Profit increased by $26.7M to $27.6M Gross Profit Margin increased by 12.9% to 19.5%Adjusted Net Income1 was $8.6M or $0.85 per shareAdjusted EBITDA1 increased by $12.1M to $11.9M or $1.18 per shareAdjusted Shareholder Equity1 increased by $19.3M to $50.9M FORT LAUDERDALE, Fla., Nov. 15, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX) ("LMP" or the "Company"), an e-commerce and facilities-based automotive retailer in the United States, today reported its third quarter 2021 financial

FORT LAUDERDALE, FL , Oct. 22, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX) (the "Company"), an e-commerce and facilities-based automotive retailer in the United States, today announced it will report its third quarter 2021 financial results for the period ended September 30, 2021 after the close of market on Monday, November 15, 2021. On that day, management will hold a conference call at 4:30 p.m. ET to review and discuss the Company's business and results. What: LMP Automotive Holdings, Inc.  Third Quarter 2021 Financial Results Conference CallWhen: Monday, November 15, 2021Time: 4:30 p.m. ET Live Call: 1-877-407-3982; International:  1-201-493-6780 A teleph

Second Quarter 2021 Highlights All financial comparisons stated below are compared to the second quarter of 2020, unless otherwise noted. Revenue increased $132.3M to $140.0MOverall Gross Profit increased by $25.0M to $26.4M Gross Profit Margin increased by 0.9% to 18.9%Adjusted Net Income1 was $8.6M or $0.86 per shareAdjusted EBITDA1 increased by $10.3 M to $11.1M or $1.10 per shareCash increased by $6.7M to $24.3MAdjusted Shareholder Equity1 increased by $17.4M to $46.6M FORT LAUDERDALE, Fla., Aug. 12, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX) ("LMP" or the "Company"), an e-commerce and facilities-based automotive retailer in the United States, today reporte

FORT LAUDERDALE, FL , July 19, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX) (the "Company"), an e-commerce and facilities-based automotive retailer in the United States, today announced it will report its second quarter 2021 financial results for the period ended June 30, 2021, after the close of market on Thursday, August 12, 2021. On that day, management will hold a conference call at 4:30 p.m. ET to review and discuss the Company's business and results. What:LMP Automotive Holdings, Inc.  Second Quarter 2021 Financial Results Conference CallWhen:Thursday, August 12, 2021Time:4:30 p.m. ET Live Call:1-877-407-3982; International:  1-201-493-6780 A telephonic repla