LMP Automotive Holdings Inc (PK:LMPX)
Business Focus: New Car Dealers
| Sector: Consumer Cyclicals | Industry: Auto Vehicles, Parts & Service Retailers |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 500 East Broward Boulevard, Suite 1900 FORT LAUDERDALE FL 33394 |
| Tel: | N/A |
| Website: | https://www.lmpmotors.com |
| IR: | See website |
| Key People | ||
| Samer Tawfik Chairman of the Board, President, Chief Executive Officer, Interim Chief Financial Officer | B. Richard Aldahan Chief Operating Officer | James Serenius Senior Corporate Controller |
| Business Overview |
| LMP Automotive Holdings, Inc. is an e-commerce and facilities-based automotive retailer in the United States. The Company offers a range of products and services fulfilling the entire vehicle ownership lifecycle, including new and used vehicles, finance and insurance products and automotive repair and maintenance. Its e-commerce technology and strategy are designed to disrupt the industry by leveraging its selection of owned inventories and physical logistics networks. The Company seeks to provide customers with both online and in person services. Its physical logistics network enables it to provide convenient free delivery points for customers and provide services throughout the entire ownership life cycle. The Company uses digital technologies to lower its customer acquisition costs and achieve operational efficiencies. |
| Financial Overview |
| For the nine months ended 30 September 2021, LMP Automotive Holdings Inc revenues increased from $26.4M to $314.5M. Net loss applicable to common stockholders increased from $2.3M to $7.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Selling, general and administrative expe increase from $3.2M to $53M (expense). |
| Employees: | 17 as of Dec 31, 2020 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $112.65M as of Sep 30, 2021 |
| Annual revenue (TTM): | $318.49M as of Sep 30, 2021 |
| EBITDA (TTM): | $6.66M as of Sep 30, 2021 |
| Net annual income (TTM): | -$10.02M as of Sep 30, 2021 |
| Free cash flow (TTM): | $32.53M as of Sep 30, 2021 |
| Net Debt Last Fiscal Year: | $102.76M as of Sep 30, 2021 |
| Shares outstanding: | 10,908,767 as of Aug 25, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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