SFT - Earnings announcements

SAN FRANCISCO, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT) ("Shift" or the "Company"), a consumer-centric omnichannel retailer for buying and selling used cars, today reported second quarter financial results for the period ended June 30, 2023. Management's commentary on second quarter financial results can be found by accessing the Company's prepared remarks on investors.shift.com, or by listening to today's conference call. A live audio webcast will also be available on Shift's Investor Relations website. The following represents a summary of certain operating results (unaudited). Reconciliations and descriptions of non-GAAP financial measures to correspondin

SAN FRANCISCO, July 20, 2023 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a consumer-centric omnichannel retailer for buying and selling used cars, announced today that it will report its financial results for the second quarter 2023, which ended June 30, 2023. The conference call, hosted by management, will take place on Thursday, August 10, 2023 at 2:00 p.m. PT (5:00 p.m. ET) and will cover the company's business and financial results. What: Shift Second Quarter 2023 Earnings Conference CallWhen: Thursday, August 10, 2023Time: 2:00 p.m. PT (5:00 p.m. ET)Live Call: (833) 634-1255 or (412) 317-6015Live Webcast: https://investors.shift.com/ An archived webcast of the conference call will be ac

SAN FRANCISCO, May 11, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a consumer-centric omnichannel retailer for buying and selling used cars, today reported first quarter financial results for the period ended March 31, 2023. Management's commentary on first quarter financial results can be found by accessing the Company's prepared remarks on investors.shift.com, or by listening to today's conference call. A live audio webcast will also be available on Shift's Investor Relations website. First Quarter 2023 Operating Results Total revenue for the quarter was $57.7 million.Total retail units sold were 2,396.Gross profit per unit was $1,477; Adjusted gross profit per unit

SAN FRANCISCO, April 20, 2023 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its financial results for the first quarter 2023, which ended March 31, 2023. The conference call, hosted by management, will take place on Thursday, May 11, 2023 at 2:00 p.m. PT (5:00 p.m. ET) and will cover the company's business and financial results. What: Shift First Quarter 2023 Earnings Conference CallWhen: Thursday, May 11, 2023Time: 2:00 p.m. PT (5:00 p.m. ET)Live Call: (833) 634-1255 or (412) 317-6015Live Webcast: https://investors.shift.

Sold 2,520 retail units and achieved $65.6 million in revenueSuccessfully closed the merger with CarLotz and transitioned to omnichannel selling modelRegained compliance with Nasdaq Stock Market minimum bid price requirement SAN FRANCISCO, March 28, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today reported fourth quarter financial results for the period ended December 31, 2022. Management's commentary on fourth quarter financial results and outlook for the first quarter 2023 can be found by accessing the Company's prepared remarks on investors.shift.com, or by listening to today's conference cal

SAN FRANCISCO, March 09, 2023 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its financial results for the fourth quarter 2022, which ended December 31, 2022. The conference call, hosted by management, will take place on Tuesday, March 28, 2023 at 2:00 p.m. PT (5:00 p.m. ET) and will cover the company's business and financial results. What: Shift Fourth Quarter 2022 Earnings Conference CallWhen: Tuesday, March 28, 2023Time: 2:00 p.m. PT (5:00 p.m. ET)Live Call: (833) 634-1255 or (412) 317-6015Live Webcast: https://investors

Sold 4,855 ecommerce units and achieved $161.9 million in revenueAchieved strong Adjusted gross profit per unit of $1,925, despite macroeconomic headwinds and lower ASP vehiclesSuccessfully executed restructuring plan as outlined in last quarter's earnings call SAN FRANCISCO, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today reported third quarter financial results for the period ended September 30, 2022. Management's commentary on third quarter financial results and outlook for the fourth quarter and full year 2022 can be found by accessing the Company's prepared remarks on investors.sh

SAN FRANCISCO, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its financial results for the third quarter 2022, which ended September 30, 2022. The conference call, hosted by management, will take place on Tuesday, November 8, 2022 at 2:00 p.m. PT (5:00 p.m. ET) and will cover the company's business and financial results. What: Shift Third Quarter 2022 Earnings Conference CallWhen: Tuesday, November 8, 2022Time: 2:00 p.m. PT (5:00 p.m. ET)Live Call: (833) 634-1255 or (412) 317-6015Live Webcast: https://investo

Shift to merge with CarLotz, a leading used vehicle consignment business; combined company estimated to have approximately $125 million of cash if the merger closes at the end of the year  Shift is transitioning to a new business plan focused on transacting most sales through its most profitable online checkout channel, which allows consumers to purchase a vehicle online, sight unseen, for pickup or delivery.  Updated financial model enables positive unit economics in 2023 and company-wide profitability in 2024 Current Shift President Jeff Clementz to serve as CEO effective September 1  SAN FRANCISCO, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end

Second Quarter Revenue Grew 51% versus Last Year to $76.5 millionSecond Quarter Retail Unit Sales of 2,421Second Quarter F&I Revenue Grew 80% versus Last Year RICHMOND, Va., Aug. 09, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. ((the "Company" or "CarLotz", NASDAQ:LOTZ), a consignment-to-retail used vehicle marketplace, today announced financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Financial Results Net revenue increased 51% to $76.5 million from $50.8 million in the same period in 2021Retail unit sales increased 21% to 2,421 from 2,009 in the same period in 2021Finance & insurance revenue increased 80% to $3.2 million from $1.8 million in the s

SAN FRANCISCO, July 19, 2022 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its financial results for the second quarter 2022, which ended June 30, 2022. The conference call, hosted by management, will take place on Tuesday, August 9, 2022 at 2:00 p.m. PT (5:00 p.m. ET) and will cover the company's business and financial results. What: Shift Second Quarter 2022 Earnings Conference CallWhen: Tuesday, August 9, 2022Time: 2:00 p.m. PT (5:00 p.m. ET)Live Call: (833) 634-1255 or (412) 317-6015Live Webcast: https://investors.shif

Achieved record revenue and units sold levels in the first quarter; year-over-year growth of 107% and 45%, respectivelyTotal Gross Profit of $10.8 million, an increase of 46% year-over-yearProjecting 49% year-over-year Q2'2022 revenue growth, at the midpoint of management guidance rangeManagement reiterates full year 2022 guidance SAN FRANCISCO, May 10, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today reported first quarter financial results for the period ended March 31, 2022. Management's commentary on first quarter financial results and outlook for the second quarter and full year 2022 can be

SAN FRANCISCO, April 08, 2022 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its financial results for the first quarter 2022, which ended March 31, 2022. The conference call, hosted by management, will take place on Tuesday, May 10, 2022 at 2:00 p.m. PT (5:00 p.m. ET) and will cover the company's business and financial results. What: Shift First Quarter 2022 Earnings Conference CallWhen: Tuesday, May 10, 2022Time: 2:00 p.m. PT (5:00 p.m. ET)Live Call: (833) 614-1395 or (914) 987-7116Live Webcast: https://investors.shift.co

Expands the breadth and depth of Shift's inventory and add world-class talent to platform teamRepresents important step in building out Shift's vision of owning every part of the car ownership lifecycleShift to launch dealer marketplace product in Q2 SAN FRANCISCO, March 15, 2022 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, has entered a definitive agreement to acquire certain assets of Fair Technologies ("Fair") for a combination of cash and shares of Shift's Class A common stock. Concurrently, Shift entered into a commitment letter with SoftBank Grou

Achieved strong revenue and units sold levels in the fourth quarter; year-over-year growth of 167% and 80%, respectivelyAttained Q4'2021 Total Gross Profit per unit of $1,885, an increase of 305% year-over-yearProjecting approximately 2x year-over-year Q1'2022 revenue growth, at the midpoint of management guidance rangeProjecting full-year 2022 revenue guidance of $1.0 billion - $1.1 billion, approximately 60-70% year-over-year growth, while demonstrating significant operating leverage SAN FRANCISCO, March 15, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today reported fourth quarter financial res

SAN FRANCISCO, March 02, 2022 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its financial results for the fourth quarter and fiscal year 2021, which ended December 31, 2021. The conference call, hosted by management, will take place on Tuesday, March 15, 2022 at 5:00 p.m. ET (2 p.m. PT) and will cover the company's business and financial results. What: Shift Fourth Quarter and Fiscal Year 2021 Earnings Conference CallWhen: Tuesday, March 15, 2022Time: 5 p.m. ET (2 p.m. PT)Live Call: (833) 614-1395 or (914) 987-7116Live Web

Achieved record revenue and units sold levels in the third quarter; year-over-year growth of 200% and 100%, respectivelyTotal Gross Profit of $13.0 million, an increase of 248% year-over-yearProjecting 151% year-over-year Q4'2021 revenue growth, at the midpoint of management guidance rangeManagement raises full-year revenue guidance to $621 million - $629 million, over 3x year-over-year growth at the midpoint of the range SAN FRANCISCO, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today reported third quarter financial results for the period ended September 30, 2021. Management's commenta

SAN FRANCISCO, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT) and its Board of Directors announced today that Toby Russell will be stepping down as Co-CEO on Feb. 1, 2022. Russell will continue to serve on the company's Board of Directors and as Strategic Advisor to the company following his transition. George Arison, Co-founder and Co-CEO, will serve as sole CEO, effective Feb. 1, 2022. As of Nov. 4, 2021, the majority of Russell's day-to-day operational responsibilities are transitioning to Shift's President, Jeff Clementz, who joined the company on Oct. 1, 2021 after a long career at Walmart and PayPal, and who reports to Arison. "It has been an incredible

SAN FRANCISCO, Oct. 22, 2021 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its financial results from the third quarter of fiscal year 2021, which ended September 30, 2021. The conference call, hosted by management, will take place on Thursday, November 11, 2021 at 5:00 p.m. ET (2 p.m. PT) and will cover the company's business and financial results. What: Shift Third Quarter of Fiscal 2021 Earnings Conference CallWhen: Thursday, November 11, 2021Time: 5 p.m. ET (2 p.m. PT)Live Call: (833) 614-1395 or (914) 987-7116Live Web

Achieved record revenue and units sold levels in the second quarter; year-over-year growth of 377% and 240%, respectivelyTotal Gross Profit of $16.3 million, an increase of 357% year-over-yearProjecting 171% year-over-year Q3'2021 revenue growth, at the midpoint of management guidance rangeManagement raises full-year revenue guidance to $575 million - $595 million, 3x year-over-year growth at the midpoint of the range SAN FRANCISCO, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (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. Management's commentary on se

SAN FRANCISCO, July 21, 2021 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end ecommerce platform for buying and selling used cars, announced today that it will report second quarter of fiscal year 2021 financial results for the period ended June 30, 2021, following the close of the market on Tuesday, August 10, 2021. On that day management will host a conference call and webcast at 2 p.m. PT (5 p.m. ET) to discuss the company's business and financial results. What: Shift Second Quarter of Fiscal 2021 Earnings Conference CallWhen: Tuesday, August 10, 2021Time: 2 p.m. PT (5 p.m. ET)Live Call: (833) 614-1395 or (914) 987-7116Live Webcast: https://investors.shift.com/ An archived