LMPX - Mergers and acquisitions

FORT LAUDERDALE, FL , Dec. 28, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX), an e-commerce and facilities-based automotive retailer in the United States, today provided its Year End Shareholder Update. Sam Tawfik, LMP's Chief Executive Officer, stated, "As I look back on the year, it is remarkable how much we have accomplished given the current environment, not only in terms of financial performance but also in our steadfast focus, dedication and discipline. 2021 is shaping up to be a strong year for LMP, with the firm generating record revenue and income, as well as numerous other records in each of our lines of business, all while maintaining credit discipline an

All financial comparisons stated below are 2020 versus 2019, unless otherwise noted Revenue Increased 180% to $30.4MOverall Gross Profit Increased by $3.2M to $3.1M Subscription Leasing and Rental Margins1 Increased by 113% to 56% Adjusted EBITDA1 loss was $1.31M with an Adjusted EBITDA Margin of 4.3%, an Improvement of $0.74M and 14.6%, Respectively Adjusted EBITDA Loss Per Share was $0.13, an Increase of $0.01Shareholder Equity and Current Shares Outstanding at Fiscal Year Ending 2020 was $29.1M and 10.03M, Respectively FORT LAUDERDALE, Fla., March 25, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerc