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SFT| Name | Value |
|---|---|
| Revenues | 57.7M |
| Cost of Revenue | 54.2M |
| Gross Profit | 3.5M |
| Operating Expense | 47.9M |
| Operating I/L | -44.3M |
| Other Income/Expense | -3.7M |
| Interest Income | 0.0M |
| Pretax | -48.0M |
| Income Tax Expense | 0.1M |
| Net Income/Loss | -48.1M |
Shift Technologies, Inc. operates an ecommerce platform for buying and selling used cars, with retail and wholesale segments. The company facilitates mobile digital transactions, including at-home car searching, on-demand test drives, and remote purchasing, along with financing and services. It also offers value-added products such as vehicle service contracts, guaranteed asset protection, wheel and tire coverage, prepaid maintenance plans, and appearance protection plans. Additionally, it engages in the sale of used vehicles through wholesale auctions or directly to wholesalers, generating revenue through retail sales, financing, and value-added product offerings.
