Rubicon Reports First Quarter 2024 Financial Results [Yahoo! Finance]
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Rubicon Technologies, Inc. (RBT)
Company Research
Source: Yahoo! Finance
NEW YORK, May 20, 2024 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 Operations Revenue 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 Loss was $(17.2) million, a decrease of $7.7 million or
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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 ResultsBusiness Wire
- 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