$SFT News
Last published 3y ago
- 3y agoSFTShift Technologies, Inc. to File Voluntary Chapter 11 PetitionGlobeNewswireSAN FRANCISCO, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a consumer-centric omnichannel retailer for buying and selling used cars, today announced that it and its subsidiaries
- 3y agoSFTShift Technologies, Inc. (SFT) Q2 2023 Earnings Call TranscriptEarnings Call Transcripts
- 3y agoSFTShift Announces Second Quarter ResultsGlobeNewswireSAN FRANCISCO, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT) ("Shift" or the "Company"), a consumer-centric omnichannel retailer for buying and selling used cars, today reported second quarter
- 3y agoSFTShift to Report Second Quarter 2023 Financial Results on August 10, 2023GlobeNewswireSAN FRANCISCO, July 20, 2023 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a consumer-centric omnichannel retailer for buying and selling used cars, announced today that it will report its financial results for the second
- 3y agoSFTShift Announces Restructuring to Streamline Operations and Reduce Cost StructureGlobeNewswireSAN FRANCISCO, July 11, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a consumer-centric omnichannel used auto retailer, today announced a plan to restructure and reduce the Company's workforce to
- 3y agoSFTShift Appoints Experienced Auto Entrepreneur Ayman Moussa as New CEO and Board MemberGlobeNewswireSAN FRANCISCO, June 09, 2023 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT) today announced that its Board of Directors has appointed Ayman Moussa as Chief Executive Officer and a member of the Board, effective immediately
- 3y agoSFTShift Announces First Quarter Results and Review of Strategic AlternativesGlobeNewswireSAN FRANCISCO, May 11, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a consumer-centric omnichannel retailer for buying and selling used cars, today reported first quarter financial results for the
- 3y agoSFTShift to Report First Quarter 2023 Financial Results on May 11, 2023GlobeNewswireSAN FRANCISCO, April 20, 2023 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced
- 3y agoSFTShift Announces Regaining Compliance with Nasdaq Listing RequirementGlobeNewswireSAN FRANCISCO, March 28, 2023 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced
- 3y agoSFTShift Announces Fourth Quarter ResultsGlobeNewswireSold 2,520 retail units and achieved $65.6 million in revenueSuccessfully closed the merger with CarLotz and transitioned to omnichannel selling modelRegained compliance with Nasdaq Stock Market minimum bid price
- 3y agoSFTShift to Report Fourth Quarter 2022 Financial Results on March 28, 2023GlobeNewswireSAN FRANCISCO, March 09, 2023 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced
- 3y agoSFTShift Announces Reverse Stock SplitGlobeNewswireSAN FRANCISCO, March 07, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT) (the "Company" or "Shift"), a leading end-to-end auto ecommerce platform transforming the used car industry with a
- 3y agoSFTShift Announces Exit of East Coast Presence to Focus on Path to ProfitabilityGlobeNewswireSAN FRANCISCO, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer
- 3y agoLADCVNATSLAF+4How disrupting the used car market caused Carvana to succeed and stumbleCNBCIn August 2021, pandemic-related factors propelled Carvana's business to new heights. But the company had since struggled and its future is now in question.
- 3y agoLOTZSFTShift Closes Merger with CarLotz, Creating a Differentiated Used Omnichannel Auto Retailer, and Announces Shift Board of Directors ChangesGlobeNewswireSAN FRANCISCO, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer
- 3y agoSFTShift to Participate at Upcoming Investor ConferenceGlobeNewswireSAN FRANCISCO, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today announced that senior management will participate
- 3y agoBIGCGRNDSFTTINVGrindr Completes Business Combination, to Begin Trading November 18th, 2021 as NYSE: GRNDBusiness WireGrindr announces the closing of business combination with Tiga Acquisition Corp. Grindr is a profitable leader in the world of LGBTQ social networking platforms with a highly engaged user base in a large and untapped
- 4y agoSFTShift Announces Third Quarter ResultsGlobeNewswireSold 4,855 ecommerce units and achieved $161.9 million in revenueAchieved strong Adjusted gross profit per unit of $1,925, despite macroeconomic headwinds and lower ASP vehiclesSuccessfully executed restructuring plan as
- 4y agoSFTShift to Report Third Quarter 2022 Financial Results on November 8, 2022GlobeNewswireSAN FRANCISCO, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced
- 4y agoSFTTINVGrindr Appoints George Arison as Chief Executive Officer and Vanna Krantz as Chief Financial OfficerBusiness WireThe social networking platform sets its go-forward leadership team ahead of public listing to continue and accelerate profitable growth The Board of Directors of Grindr (the "Board"), the #1 social network for the LGBTQ community, today announced tha
- 4y agoSFTEmily Melton to Step Down from Shift's Board of DirectorsGlobeNewswireSAN FRANCISCO, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT) announced today that Emily Melton, Lead Director who has served on the company's Board since 2014, will be stepping down from the Board, effective August 31. Jaso
- 4y agoLOTZSFTShift and CarLotz Agree To Merge, Creating a Differentiated Used-Auto Ecommerce RetailerGlobeNewswireMerger will create a leading omnichannel auto retailer Combination of complementary geographic footprints, with Shift's strong presence on the West Coast and CarLotz's retail stores in the mid-Atlantic region Upon close, combined company anticipated t
- 4y agoSFTShift Announces Upcoming CEO TransitionGlobeNewswireSAN FRANCISCO, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT) and its Board of Directors announced today that Co-Founder and CEO George Arison will be stepping down as CEO effective September 1, 2022, and will be succeeded by t
- 4y agoLOTZSFTShift and CarLotz Agree To Merge, Creating a Differentiated Used Auto Ecommerce RetailerGlobeNewswireMerger will create a leading omnichannel auto retailer Combination of complementary geographic footprints, with Shift's strong presence on the West Coast and CarLotz's retail stores in the mid-Atlantic region Upon close, combined company anticipated t
- 4y agoLOTZSFTShift Announces Merger with CarLotz; a New Business Plan that Enables the Company to Achieve Profitability in 2024; Appointment of new CEO; also Releases Q2 ResultsGlobeNewswireShift to merge with CarLotz, a leading used vehicle consignment business; combined company estimated to have approximately $125 million of cash if the merger closes at the end of the year Shift is transitioning to a new business plan focused on tra
- 4y agoLOTZSFTCarLotz Announces Second Quarter Fiscal 2022 Financial ResultsGlobeNewswireSecond Quarter Revenue Grew 51% versus Last Year to $76.5 millionSecond Quarter Retail Unit Sales of 2,421Second Quarter F&I Revenue Grew 80% versus Last Year RICHMOND, Va., Aug. 09, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. ((the "Company" or "Car
- 4y agoSFTShift Technologies, Inc. (SFT) Q2 2022 Earnings Call TranscriptEarnings Call TranscriptsSFT earnings call for the period ending June 30, 2022.
- 4y agoSFTShift to Report Second Quarter 2022 Financial Results on August 9, 2022GlobeNewswireSAN FRANCISCO, July 19, 2022 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its fina
- 4y agoSFTShift Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)GlobeNewswireSAN FRANCISCO, July 01, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today announced that on June 30, 2022 the Compensation Committee of its Board of Directors
- 4y agoSFTShift to Participate at Upcoming Investor ConferencesGlobeNewswireSAN FRANCISCO, May 26, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today announced that senior management will participate in the following upcoming investor
- 4y agoSFTShift Closes Acquisition of Fair's Dealer Listing Marketplace TechnologyGlobeNewswireSAN FRANCISCO, May 12, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, has closed its acquisition
- 4y agoSFTShift Technologies, Inc. (SFT) Q1 2022 Earnings Call TranscriptEarnings Call TranscriptsSFT earnings call for the period ending March 31, 2022.
- 4y agoSFTShift to Report First Quarter 2022 Financial Results on May 10, 2022GlobeNewswireSAN FRANCISCO, April 08, 2022 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its fin
- 4y agoSFTShift Grows Revenue 167% in Q4'2021; Strong Guidance for 2022 Reflects Continued Rapid Growth with Significant Operational EfficienciesGlobeNewswireAchieved strong revenue and units sold levels in the fourth quarter; year-over-year growth of 167% and 80%, respectively Attained Q4'2021 Total Gross Profit per unit of $1,885, an increase of 305% year-over-year Projecting approximately 2x year-over-y
- 4y agoSFTShift to Acquire Fair's Dealer Listing Marketplace Technology, Team to Expand E-commerce Auto Platform; SoftBank Group to Fully Fund AcquisitionGlobeNewswireExpands the breadth and depth of Shift's inventory and add world-class talent to platform team Represents important step in building out Shift's vision of owning every part of the car ownership lifecycle Shift to launch dealer marketplace product in Q
- 4y agoSFTShift Technologies, Inc. (SFT) Q4 2021 Earnings Call TranscriptEarnings Call TranscriptsSFT earnings call for the period ending December 31, 2021.
- 4y agoSFTShift to Report Fourth Quarter and Fiscal Year 2021 Financial Results on March 15, 2022GlobeNewswireSAN FRANCISCO, March 02, 2022 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its fin
- 4y agoSFTShift to Host Its First-Ever Pop Up, Car to Cash, in Los AngelesPR NewswireSAN FRANCISCO, Jan. 21, 2022 /PRNewswire/ -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, will host its first-ever branded pop up event, Car
- 4y agoALLYSFTShift Technologies Announces New $100 million Floorplan FacilityGlobeNewswireSAN FRANCISCO, Dec. 13, 2021 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced a $100 million committed floorplan
- 4y agoSFTShift to Present at Upcoming Investor ConferenceGlobeNewswireSAN FRANCISCO, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today announced that senior management will present to the investor community at the follo
- 5y agoSFTShift Grows Revenue 200% in Q3'2021, Raises Guidance for 2021GlobeNewswireAchieved record revenue and units sold levels in the third quarter; year-over-year growth of 200% and 100%, respectively Total Gross Profit of $13.0 million, an increase of 248% year-over-year Projecting 151% year-over-year Q4'2021 revenue growth, at
- 5y agoSFTShift Technologies, Inc. (SFT) Q3 2021 Earnings Call TranscriptEarnings Call TranscriptsSFT earnings call for the period ending September 30, 2021.
- 5y agoSFTRyan Lawrence Named General Counsel at ShiftGlobeNewswireSAN FRANCISCO, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today the appoi
- 5y agoSFTShift Co-CEO Toby Russell to Step Down, Remain on Board of DirectorsGlobeNewswireSAN FRANCISCO, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (NASDAQ:SFT) and its Board of Directors announced today that Toby Russell will be stepping down as Co-CEO on Feb. 1, 2022. Russell will continue to serve on the company's Board o
- 5y agoSFTShift to Report Third Quarter of Fiscal Year 2021 Financial Results on November 11, 2021GlobeNewswireSAN FRANCISCO, Oct. 22, 2021 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its fina
- 5y agoSFTShift Appoints Experienced Ecommerce Leader Jeff Clementz as PresidentGlobeNewswireSAN FRANCISCO, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that Jeff Clementz, recent
- 5y agoSFTShift Technologies, Inc. (SFT) Q2 2021 Earnings Call TranscriptEarnings Call TranscriptsSFT earnings call for the period ending June 30, 2021.
- 5y agoSFTShift to Attend Upcoming Investor ConferencesGlobeNewswireSAN FRANCISCO, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today announced that senior management will attend the following upcoming investor conferences: J.P. Morga
- 5y agoSFTShift to Report Second Quarter of Fiscal Year 2021 Financial Results on August 10, 2021GlobeNewswireSAN FRANCISCO, July 21, 2021 (GLOBE NEWSWIRE) -- Shift (NASDAQ:SFT), a leading end-to-end ecommerce platform for buying and selling used cars, announced today that it will report second quarter of fiscal year 2021 financial results for the period ended
- 5y agoSFTShift Begins Selling Cars to Customers in Dallas-Fort Worth AreaGlobeNewswireSAN FRANCISCO, July 06, 2021 (GLOBE NEWSWIRE) -- Leading used car ecommerce platform Shift (NASDAQ:SFT) has launched two new markets for consumers to buy its cars in Texas. With this launch, consumers in the Dallas-Fort Worth region can now buy and sel