RumbleOn Inc., a buy, sell and trade site for motorcycles, posted a fourth-quarter loss Tuesday morning that fell below analyst’s predictions.
The company reported net loss or $3.4 million, or a loss per share of 28 cents for the fourth quarter, 13 cents more than Wall Street had expected. Revenue for the quarter was $3.44 million. The loss in the fourth quarter of 2016 was 3 cents per share.
For the fiscal year, RumbleOn reported a net loss per share of $8.6 million, or 86 cents per share. The company sold 678 units during 2017.
“We are very pleased with all that we accomplished as a business in 2017, including launching and rapidly expanding the only end-to-end online marketplace that provides customers an effective, seamless, and hassle-free way to purchase pre-owned recreational vehicles,” said RumbleOn’s President and Chief Executive Officer Marshall Chesrown.
For the first quarter of 2018, RumbleOn expects revenue between $7.2 million and 7.5 million, and year-long revenue in excess of $100 million, exceeding analyst’s predictions by more than double. Analysts are currently projecting revenue of $40.1 million for 2018.
The Charlotte-based company also said it expects to have positive cash flow by the second half of 2018.
RumbleOn’s mission is to simplify the buying and selling process of recreational vehicles. According to the company website, RumbleOn intends to have the largest inventory of used motorcycles on the planet.
RumbleOn’s shares were trading at $4.27, down 20 cents, or 4.5 percent, on Tuesday morning.

