Brief: Acv Says Expect Sees Q2 Total Revenue Of $117 To $120 Mln

ACV Auctions

10/05/2023 22:13

May 10 (Reuters) - Acv Auctions Inc  ACVA.O :
    * ACV ANNOUNCES FIRST QUARTER 2023 RESULTS
    * SEES FY GAAP NET INCOME LOSS OF $87MLN TO $92 MILLION
    * BELIEVE THAT SUPPLY HEADWINDS IMPACTING WHOLESALE VOLUMES
IN
2022 WILL PERSIST IN NEAR-TERM
    * Q1 EARNINGS PER SHARE VIEW $-0.16, REVENUE VIEW $109.0
MILLION
-- REFINITIV IBES DATA
    * FY2023 REVENUE VIEW $464.5 MILLION -- REFINITIV IBES DATA
    * SEES Q2 TOTAL REVENUE OF $117 TO $120 MILLION, AN INCREASE
OF 2%
TO 4% YEAR OVER YEAR
    * SEES Q2 GAAP NET LOSS OF $21 MILLION TO $23 MILLION
    * Q2 REVENUE VIEW $119.0 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNXcg0J5W 
Further company coverage:  ACVA.O 

 ((Reuters.Briefs@thomsonreuters.com;))