RumbleON backs prior FY24 adjusted EBITDA view $80M -$90M

“Today we are introducing our 3-year operating plan called Vision 2026, which is the result of the work by our team over the last few months. We expect the following to be achieved by the calendar year 2026 while maintaining a healthy balance sheet within our target ratio of 1.5x to 2.5x net debt/Adjusted EBITDA: Annual revenue in excess of $1.7B, Annual Adjusted EBITDA of greater than $150 M, and Annual Adjusted Free Cash Flow of $90M or more. While we believe that the prior Adjusted EBITDA guidance of $80M to $90M for 2024 is within our sight, we have decided to stop the practice of giving annual guidance. Instead, we’ll point investors to our Vision 2026 plan and how we expect to be able to shape the business to drive per-share value over the coming years. As a result, we are withdrawing prior guidance for 2024,” noted the company in the release.