Brief: ACV Announces Fourth Quarter And Full-Year 2021 Results

ACV Auctions

16/02/2022 21:47

Feb 16 (Reuters) - ACV Auctions Inc  ACVA.O :
    * ACV ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2021 RESULTS
    * Q4 REVENUE ROSE 86 PERCENT TO $100.2 MILLION
    * EXPECTS 2022 REVENUE OF $450 MILLION TO $460 MILLION,
REPRESENTING GROWTH OF 26% TO 28% YOY
    * QTRLY NET LOSS PER SHARE BASIC AND DILUTED $0.17
    * SEES TOTAL REVENUE OF $100 TO $102 MILLION, AN INCREASE OF
45%
TO 48% YEAR OVER YEAR FOR Q1 OF 2022
    * Q4 EARNINGS PER SHARE VIEW $-0.20, REVENUE VIEW $86.7
MILLION --
REFINITIV IBES DATA
    * Q1 REVENUE VIEW $98.2 MILLION -- REFINITIV IBES DATA
    * FY2022 REVENUE VIEW $446.8 MILLION -- REFINITIV IBES DATA
    * ESTABLISHES 2026 FINANCIAL TARGETS OF $1.3 BILLION IN
REVENUE
AND $325 MILLION OF ADJUSTED EBITDA

Source text for Eikon:  ID:nGNX3PFdZw 
Further company coverage:  ACVA.O