ACV Auctions GAAP EPS of -$0.16 beats by $0.02, revenue of $115M beats by $3.9M

Aug. 10, 2022 4:06 PM ETACV Auctions Inc. (ACVA)By: Urvi Shah, SA News Editor
  • ACV Auctions press release (NASDAQ:ACVA): Q2 GAAP EPS of -$0.16 beats by $0.02.
  • Revenue of $115M (+18.1% Y/Y) beats by $3.9M.
  • Total revenue of $104 to $107 million, an increase of 13% to 17% year over year
  • Adjusted EBITDA loss of $13 to $15 million
  • GAAP net loss of $29 to $31 million
  • Non-GAAP net loss of $15 to $16 million
  • Full-Year 2022:
  • Total revenue of $427 to $432 million, an increase of 19% to 21% year over year
  • Adjusted EBITDA loss of $57 to $59 million; an approximate 14% loss at the midpoint of revenue guidance
  • GAAP net loss of $113 to $115 million
  • Non-GAAP net loss of $65 to $67 million

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