RumbleON, Inc. (NASDAQ:RMBL) Q4 2023 Earnings Conference Call March 14, 2024 8:00 AM ET

Company Participants

Mike Kennedy - CEO

Blake Lawson - CFO

Tom Zelewski - VP, Finance & Treasurer

Conference Call Participants

Eric Wold - B. Riley Securities

Craig Kennison - Robert W. Baird

Fred Wightman - Wolfe Research

Operator

Greetings, and welcome to the RumbleON Inc. Fourth 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.

It is now my pleasure to introduce your host, Tom Zelewski, Vice President, Finance, and Treasurer. Thank you. Please go ahead.

Tom Zelewski

Thank you, Operator. Good morning, everyone. My name is Tom Zelewski and I’m RumbleON's Vice President and Treasurer. Thank you for joining us on this conference call today to discuss RumbleON's fourth quarter and full-year 2023 financial results.

Joining me on the call today are Mike Kennedy, RumbleON's Chief Executive Officer; and Blake Lawson, RumbleON's Chief Financial Officer. Our Q4 and full-year results are detailed in the press release we issued this morning and supplemental information will be available in our full-year 2023 Form 10-K once filed.

Before we start, I would 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 certain results and actuals to differ materially from those discussed here. Additional information that could cause actual results to differ from forward-looking statements can be found on 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 Mike Kennedy, RumbleON's CEO. Mike?

Mike Kennedy

Thanks, Tom. Good morning, everyone, and thank you for your interest in RumbleON and for joining us on our call this morning. On the last conference call, since I had only recently joined, my comments were purposely limited. I'd like to take this opportunity to introduce myself to all of you and give some perspectives on our industry, our company, and our recent performance. I'm going to then turn it over to Blake Lawson, our CFO, who will cover our Q4 and 2023 full-year financials, before turning it back to me so I can discuss our turnaround actions and introduce our Vision 2026 long-term targets for the business. I've been in the Powersports industry my entire career. I know RideNow from my years working with them during my time at Harley-Davidson, I have always admired what Bill Coulter and Mark Tkach built, and the success they achieved in this industry. Even with all of Bill and Mark's success over 30 years, we believe they just scratched the surface of what is possible. Since joining the company, I've had the opportunity to visit several of our dealerships, meeting small groups with several employee teams, and have discussions with all of our top OEMs. We also recently kicked off a very important process called composite meetings for our dealership GMs. And so, I had the chance to be in the room with all of our leaders here in Irving. People hear me say the phrase, the bones of this company are really good, and when I say that, I'm primarily referring to our dealership operations. We have some incredibly dedicated people with an impressive set of industry experiences that we are blessed to have on this team.