RumbleON, Inc. (NASDAQ:RMBL) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET

Company Participants

Will Newell – Head-Investor Relations

Mark Tkach – Interim Chief Executive Officer

Steve Pully – Executive Chairman

Blake Lawson – Chief Financial Officer

Conference Call Participants

Eric Wold – B. Riley Securities

Craig Kennison – Baird

Michael Baker – D.A. Davidson

Seth Basham – Wedbush Securities

Operator

Greetings, welcome to RumbleON, Inc. Second Quarter 2023 Earnings Conference Call. At this time all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded.

I will now turn the conference over to Will Newell, Head of Investor Relations. Thank you. You may begin.

Will Newell

Thank you, operator. Good morning, ladies and gentlemen, thank you for joining us on this conference call to discuss RumbleON’s second quarter 2023 financial results.

Joining me on the call today are Mark Tkach, RumbleON’s Interim Chief Executive Officer;

Steve Pully, RumbleON’s Executive Chairman; and Blake Lawson, RumbleON’s Chief Financial Officer.

Our Q2 results are detailed in the press release we issued this morning and supplemental information will be available in our second quarter Form 10-Q will be filed later today.

Before we start, I’d like to remind you that the following discussion contains forward-looking statements, including, but not limited to, RumbleON’s market opportunities and future financial results and involve risks and uncertainties that may cause actual results to differ materially from those discussed here. Additional information that could cause actual results to differ from forward-looking statements can be found in RumbleON’s periodic and other SEC filings. The forward-looking statements and risks in this conference call, including responses to your questions, are based on current expectations as of today, and RumbleON assumes no obligation to update or revise them, whether as a result of new developments or otherwise, except as required by law.

Also, the following discussion contains non-GAAP financial measures. For a reconciliation of these non-GAAP financial measures please see our earnings release issued earlier this morning.

Now, I will turn the call over to Mark. Mark?

Mark Tkach

Thanks, Will, good morning everyone. Thank you for joining us for our second quarter 2023 earnings call. While I’ve met with some of you in recent months, I would like to explain to everyone why I returned to RumbleON. My longtime business partner, Bill Coulter and I are substantial shareholders in RumbleON. RumbleON, share price performance and financial results over several quarters indicated that it needed significant change. As such, Bill and I ran a proxy contest, which ultimately resulted in me rejoining the company as Interim CEO, along with a refreshed Board of Directors. We are rapidly bringing about the changes that we believe are necessary.