Polished.com Inc. (the "Company" or "Polished") (NYSE:POL) announced the results of the Company's Annual Meeting of Stockholders (the "Annual Meeting"), which was held virtually on January 30, 2024. A total of 1,134,678 shares of the Company's Common Stock were represented in person or by proxy, constituting a quorum. Stockholders voted to re-elect all eight of the Company's nominees to the Board of Directors: Ellery W. Roberts, Houman Akhavan, Ellette A. Anderson, Clark R. Crosnoe, Glyn C. Milburn, James M. Schneider, G. Alan Shaw and Edward J. Tobin. Additionally, stockholders voted to ratify the appointment of Sadler, Gibb & Associates, LLC as the Company's independent registered pub
Appoints Rick Bunka, Who Possesses Extensive Retail and E-Commerce Experience, as Interim CEO, and Bob Barry, Who Brings Institutional Knowledge and Strong Finance Expertise, as Interim CFO Highlights Company's Track Record of Profitable Growth and Strong Go-Forward Positioning in the Household Appliances Market Polished.com Inc. (NYSE:POL) (formerly known as 1847 Goedeker Inc.) ("Polished" or the "Company"), a content driven and technology enabled shopping destination for appliances, furniture and home goods in the U.S. household appliances market, today announced the appointments of John "Rick" Bunka as interim Chief Executive Officer ("CEO") and Robert "Bob" Barry as interim Chief Fina
Receives Extension on Existing Loan Agreement Through November 30, 2024 Provides Updated Guidance for Fiscal Year 2023 Polished.com Inc. (NYSE:POL) ("Polished" or the "Company") today reported financial results for the three months ended September 30, 2023. The Company's 10-Q and additional information can be found on its investor relations website: https://investor.polished.com/financials/sec-filings. Top Metrics – Third Quarter of 2023 Net product sales for the third quarter were $77.8 million, compared to $143.6 million in the prior year period. Gross profit for the quarter was $15.3 million (19.7% margin), compared to $21.1 million (14.7% margin) in the prior year period.
Polished.com Inc. (the "Company" or "Polished") (NYSE:POL) today announced that the Company is postponing its earnings release and conference call for the third quarter ended September 30, 2023, which was previously scheduled for today, November 14, 2023. The Company requires additional time to finalize certain of the disclosures in its quarterly report. At this time, the Company expects to release results and hold an investor conference call on Monday, November 20, 2023. About Polished.com Inc. Polished is raising the bar, delivering a world-class, white-glove shopping experience for home appliances. From the best product selections from top brands to exceptional customer service, we
Polished.com Inc. (the "Company" or "Polished") (NYSE:POL) today announced that it will report third quarter 2023 earnings results after market close on Tuesday, November 14, 2023. The Company will host an investor conference call at 4:30 p.m. ET on the same day to review its results. This call and all supplemental information can be accessed on Polished.com's investor relations site at https://investor.goedekers.com/overview/default.aspx. The phone number for the investor conference call is 1-844-881-0136 (toll-free) or 1-412-902-6507 (international); please ask to join the Polished.com Q3 2023 Earnings Call. If you are unable to participate during the live call, the call will be rec
Reaffirms Previously Stated Guidance for FY 2023 Polished.com Inc. (NYSE:POL) ("Polished" or the "Company") today reported financial results for the three months ended June 30, 2023. The Company's 10-Q and additional information can be found on its investor relations website: https://investor.polished.com/financials/sec-filings. Top Metrics – Second Quarter of 2023 Net product sales for the second quarter were $87.8 million, compared to $138.5 million in the prior year period. Gross profit for the quarter was $19.6 million (22.3% margin), compared to $23.0 million (16.6% margin) in the prior year period. Net income for the quarter was $1.0 million, or $0.01 per diluted common s
Announces Preliminary Second Quarter 2022 Net Sales; Updates Fiscal Year 2022 Guidance Highlights Continued Operational Momentum Files Form 12b-25, Delays Second Quarter 2022 Earnings Release and Conference Call Polished.com Inc. (NYSE:POL) (formerly known as 1847 Goedeker Inc.) ("Polished" or the "Company"), a content driven and technology enabled shopping destination for appliances, furniture and home goods in the U.S. household appliances market, today provided a financial and operational update for the second quarter 2022, including preliminary second quarter 2022 net sales and updated guidance for Fiscal 2022. Second Quarter 2022 Financial and Operational Update Preliminary Second
Polished.com Inc. (the "Company" or "Polished") (NYSE:POL) has suspended its operations. These steps followed a comprehensive review by the Company's Board of Directors of available strategic alternatives, and upon consultation with the members of the Company's management, with the assistance of the Company's legal and financial advisors. The Company anticipates filing a case under the provisions of Chapter 7 of the Bankruptcy Code as soon as practicable.As recently disclosed, following the Notice of Acceleration from its lenders earlier this month, the Company was working to reach a resolution with its lenders and exploring multiple paths to obtain additional financing to sustain operations
Gainers Aterian (NASDAQ:ATER) shares increased by 8.2% to $0.42 during Tuesday's after-market session. The market value of their outstanding shares is at $38.0 million. Polished.com (AMEX:POL) stock moved upwards by 6.28% to $2.2. The market value of their outstanding shares is at $4.6 million. AMMO (NASDAQ:POWW) stock rose 5.73% to $2.58. The company's market cap stands at $306.1 million. As per the news, the Q3 earnings report came out 3 days ago. SunCar Tech Gr (NASDAQ:SDA) shares moved upwards by 5.0% to $6.5. The market value of their outstanding shares is at $572.6 million. 2U (NASDAQ:TWOU) stock rose 4.09% to $0.39. The market value of their outstanding shares is at $31.9 million
Shares of IPG Photonics Corporation (NASDAQ:IPGP) fell sharply during Tuesday’s session after the company reported mixed fourth-quarter financial results and issued soft first-quarter guidance. IPG Photonics posted GAAP earnings of 89 cents per share, versus market estimates of 95 cents per share. The company’s quarterly sales came in at $298.90 million versus expectations of $286.12 million. IPG Photonics shares dipped 11.2% to $92.06 on Tuesday. Here are some other stocks moving in today's mid-day session. Gainers Ohmyhome Limited (NASDAQ:OMH) shares climbed 300% to $4.80. BioNexus Gene Lab Corp. (NASDAQ:BGLC) got a boost, surging 270% to $1.52. Digital Brands Group, Inc. (NASD
Gainers Digital Brands Group (NASDAQ:DBGI) stock moved upwards by 142.1% to $6.93 during Tuesday's regular session. The market value of their outstanding shares is at $7.3 million. Fitell (NASDAQ:FTEL) shares increased by 17.75% to $3.25. The company's market cap stands at $36.1 million. Kidpik (NASDAQ:PIK) stock increased by 13.82% to $0.42. The market value of their outstanding shares is at $3.9 million. JOANN (NASDAQ:JOAN) stock rose 8.1% to $0.6. The company's market cap stands at $24.9 million. Zapp Electric Vehicles (NASDAQ:ZAPP) stock increased by 7.84% to $0.29. The company's market cap stands at $16.0 million. Losers Polished.com (AMEX:POL) shares declined by 57.4% to $2.07
Update to Previously Issued Guidance for Fiscal Year 2023The Company now expects net sales between $315 million and $325 million and EBITDA below its previously provided estimate for fiscal year 2023. The Company previously reported that it expected net sales between $330 million and $350 million and low single digit EBITDA margins for fiscal year 2023. The Company's updated guidance reflects sustained pressure on the Company's top line revenue as a result of macroeconomic headwinds continuing to significantly impact consumer discretionary spending.These expectations are made as of February 12, 2024, and remain subject to substantial uncertainty. Results are unpredictable and may be material
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Polished.com Inc. (the "Company" or "Polished") (NYSE:POL) has suspended its operations. These steps followed a comprehensive review by the Company's Board of Directors of available strategic alternatives, and upon consultation with the members of the Company's management, with the assistance of the Company's legal and financial advisors. The Company anticipates filing a case under the provisions of Chapter 7 of the Bankruptcy Code as soon as practicable. As recently disclosed, following the Notice of Acceleration from its lenders earlier this month, the Company was working to reach a resolution with its lenders and exploring multiple paths to obtain additional financing to sustain operat
Polished.com Inc. (the "Company" or "Polished") (NYSE:POL) today provided the following corporate updates: Update to Previously Issued Guidance for Fiscal Year 2023 The Company now expects net sales between $315 million and $325 million and EBITDA below its previously provided estimate for fiscal year 2023. The Company previously reported that it expected net sales between $330 million and $350 million and low single digit EBITDA margins for fiscal year 2023. The Company's updated guidance reflects sustained pressure on the Company's top line revenue as a result of macroeconomic headwinds continuing to significantly impact consumer discretionary spending. These expectations are made a
Polished.com Inc. (the "Company" or "Polished") (NYSE:POL) announced the results of the Company's Annual Meeting of Stockholders (the "Annual Meeting"), which was held virtually on January 30, 2024. A total of 1,134,678 shares of the Company's Common Stock were represented in person or by proxy, constituting a quorum. Stockholders voted to re-elect all eight of the Company's nominees to the Board of Directors: Ellery W. Roberts, Houman Akhavan, Ellette A. Anderson, Clark R. Crosnoe, Glyn C. Milburn, James M. Schneider, G. Alan Shaw and Edward J. Tobin. Additionally, stockholders voted to ratify the appointment of Sadler, Gibb & Associates, LLC as the Company's independent registered pub
Polished.com Inc. (NYSE:POL) (formerly known as 1847 Goedeker Inc.) ("Polished" or the "Company"), a content-driven and technology-enabled shopping destination for appliances, furniture and home goods in the U.S. household appliances market, today reiterated that it has scheduled its annual meeting of stockholders (the "Annual Meeting") for January 30, 2024, as indicated in the Company's Definitive Proxy Statement filed with the U.S. Securities Exchange Commission on December 26, 2023. On January 5, 2024, NYSE American sent Polished a letter stating that the Company was not in compliance with Section 704 of the NYSE American Company Guide because it had not yet held an annual meeting of sto
Polished.com Inc. (the "Company" or "Polished") (NYSE:POL) today released the following statement regarding recent market activity in the Company's stock: In view of the unusual market activity in the Company's stock, the New York Stock Exchange contacted the Company in accordance with the NYSE's usual practice. The Company does not comment on market activity or rumors. However, the Company confirms that it is not aware of any undisclosed material change or development in its business and operations that would account for the recent increase in the share price and trading volume of the Company's stock. About Polished.com Inc. Polished is raising the bar, delivering a world-class, whit
Receives Extension on Existing Loan Agreement Through November 30, 2024 Provides Updated Guidance for Fiscal Year 2023 Polished.com Inc. (NYSE:POL) ("Polished" or the "Company") today reported financial results for the three months ended September 30, 2023. The Company's 10-Q and additional information can be found on its investor relations website: https://investor.polished.com/financials/sec-filings. Top Metrics – Third Quarter of 2023 Net product sales for the third quarter were $77.8 million, compared to $143.6 million in the prior year period. Gross profit for the quarter was $15.3 million (19.7% margin), compared to $21.1 million (14.7% margin) in the prior year period.
Polished.com Inc. (the "Company" or "Polished") (NYSE:POL) today announced that the Company is postponing its earnings release and conference call for the third quarter ended September 30, 2023, which was previously scheduled for today, November 14, 2023. The Company requires additional time to finalize certain of the disclosures in its quarterly report. At this time, the Company expects to release results and hold an investor conference call on Monday, November 20, 2023. About Polished.com Inc. Polished is raising the bar, delivering a world-class, white-glove shopping experience for home appliances. From the best product selections from top brands to exceptional customer service, we
Polished.com Inc. (the "Company" or "Polished") (NYSE:POL) today announced that it will report third quarter 2023 earnings results after market close on Tuesday, November 14, 2023. The Company will host an investor conference call at 4:30 p.m. ET on the same day to review its results. This call and all supplemental information can be accessed on Polished.com's investor relations site at https://investor.goedekers.com/overview/default.aspx. The phone number for the investor conference call is 1-844-881-0136 (toll-free) or 1-412-902-6507 (international); please ask to join the Polished.com Q3 2023 Earnings Call. If you are unable to participate during the live call, the call will be rec
Polished.com Inc. (the "Company" or "Polished") (NYSE:POL) today announced that the Board of Directors and stockholders of the Company approved a 1-for-50 reverse stock split (the "Reverse Stock Split") of its outstanding shares of common stock (the "Common Stock") that will become effective at 12:01 a.m. ET on October 20, 2023. The Company's Common Stock will continue to trade on the NYSE American under the existing symbol "POL." The Reverse Stock Split was approved by the Company's stockholders at the Special Meeting of Stockholders (the "Special Meeting") on October 19, 2023. As a result of the Reverse Stock Split, every 50 shares of Common Stock issued and outstanding will be automati
Polished.com Inc. (the "Company" or "Polished") (NYSE:POL), a content-driven and technology-enabled shopping destination for appliances and home goods in the U.S. household appliances market, today announced that AppliancesConnection.com, the Company's flagship proprietary e-Commerce Online Store, has been awarded on Newsweek's list of America's Best Online Shops 2024. This award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider. This is the fifth consecutive year that Appliances Connection website has been named to Newsweek's annual Best Online Shops list. This press release features multimedia. View the full release here: https: