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