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ACV Auctions Expects Q3 Revenue Of $158M-$162M Vs $157.8M Est, FY24 Revenue Of $615M-$625M Vs $616.9M Est

Author: Benzinga Newsdesk | August 08, 2024 03:30am

Third Quarter and Full-Year 2024 Guidance

Based on information as of today, ACV is providing the following guidance:

Third Quarter of 2024:
- Total revenue of $158 million to $162 million, an increase of 33% to 36% year over year
- GAAP net income (loss) of ($22) million to ($20) million
- Non-GAAP net income of $1 million to $3 million
- Adjusted EBITDA of $6 million to $8 million
Full-Year 2024:
- Total revenue of $615 million to $625 million, an increase of 28% to 30% year over year
- GAAP net income (loss) of ($85) million to ($80) million
- Non-GAAP net income of $3 million to $8 million
- Adjusted EBITDA of $21 million to $25 million

Posted In: ACVA