Rubicon Reports First Quarter 2024 Financial Results
Rubicon Technologies, Inc. (RBT)
Company Research
Source: Business Wire
Rubicon completes transformative transaction to accelerate journey to profitability NEW YORK--(BUSINESS WIRE)--Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of technology solutions for waste and recycling generators, today reported financial and operational results for the first quarter of 2024.First Quarter 2024 Financial Highlights Including Discontinued OperationsRevenue was $166.1 million, a decrease of $15.0 million or 8.3% compared to $181.1 million in the first quarter of 2023.Gross Profit was $10.1 million, an increase of $0.8 million or 8.2% compared to $9.3 million in the first quarter of 2023.Adjusted Gross Profit was $17.1 million, an increase of $1.0 million or 5.9% compared to $16.1 million in the first quarter of 2023.Gross Profit Margin was 6.1%, an increase of 93 bps compared to 5.2% in the first quarter of 2023.Adjusted Gross Profit Margin was 10.3%, an increase of 138 bps compared to 8.9% in the first quarter of 2023.Net
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News
- Rubicon Technologies Receives Delisting Notice from the New York Stock ExchangeBusiness Wire
- Rubicon Technologies, Inc. (NYSE: RBT) had its price target lowered by analysts at Cantor Fitzgerald from $1.60 to $0.60. They now have an "overweight" rating on the stock.MarketBeat
- Rubicon Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Rubicon Technologies to Hold First Quarter 2024 Earnings Call on May 20Business Wire
- Rubicon Announces Sale of Fleet Technology Business Unit and Issuance of Preferred EquityBusiness Wire
RBT
Earnings
- 11/8/23 - Beat
RBT
Analyst Actions
- 5/21/24 - Cantor Fitzgerald
RBT
Sec Filings
- 6/10/24 - Form 8-K
- 6/7/24 - Form 4
- 6/4/24 - Form 4
- RBT's page on the SEC website