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Sunlight Financial Announces 1-for-20 Reverse Stock Split

Sunlight Financial Holdings Inc. , a premier, technology-enabled point-of-sale finance company, today announced that its Board of Directors approved a 1-for-20 reverse stock split of the Company’s...

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Carvana Delivers Best Quarter In Company History For Adjusted EBITDA and Total Gross Profit Per Unit

The Nation’s Largest Online Used Auto Retailer Also Expects To Achieve Positive Adjusted EBITDA In Third Quarter 2023, For The Second Consecutive Quarter



Total gross profit per unit (“GPU”) was $6,520, an increase of 94% compared to second quarter 2022, exceeding the Company’s previous best quarter by 27%




Total Non-GAAP GPU was $7,030, an increase of 91% compared to second quarter 2022, exceeding the Company’s previous best quarter by 36%




Total GAAP and Non-GAAP GPU benefited from approximately $900 per unit of non-recurring items




Net loss margin was (3.5%), an improvement of 7.8% compared to second quarter 2022, and a sequential improvement of 7.5% compared to first quarter 2023




Adjusted EBITDA margin was 5.2%, an improvement of 10.8% compared to second quarter 2022, exceeding the Company’s previous best quarter by 1.6%




Net loss and Adjusted EBITDA benefited from approximately $70 million of non-recurring items




Company expects to achieve positive Adjusted EBITDA1 for the second consecutive quarter in third quarter 2023




Company achieves more than $1.1 billion in annualized cost reductions in the last 12 months




Retail units sold of 76,530 and revenue of $2.968 billion, a decrease of 35% and 24%, respectively, compared to second quarter 2022, driven largely by internal prioritization of profitability initiatives

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ATI Physical Therapy Completes Transaction Support Agreement to Increase Liquidity and Financial Flexibility

ATI Physical Therapy Completes Transaction Support Agreement to Increase Liquidity and Financial Flexibility
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Supplementary Review: Casa Systems (CASA), June 16, 2023

CASA announced last night that it has successfully completed the company’s previously announced Transaction Support Agreement (TSA) entered into with a committee [...]

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ATI Physical Therapy Completes Transaction Support Agreement to Increase Liquidity and Financial Flexibility

BOLINGBROOK, Ill., June 15, 2023 /PRNewswire/ -- ATI Physical Therapy, Inc. , a nationally recognized outpatient physical therapy provider in the United States, today announced that it has... | June 15, 2023

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Casa Systems Announces Successful Completion of Previously Announced Refinancing and Extension Transaction for its Term Loan B Senior Secured Debt

Extends Scheduled Maturity Date to December 2027Provides Financial Flexibility to Execute on Growth Strategy, Operational Enhancements, and Strategic Initiatives ANDOVER, Mass., June 15, 2023 --... | June 15, 2023

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Casa Systems closes refinancing and extension for its Term B loan

Casa Systems closes refinancing and extension for its Term B loan
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Casa Systems Announces Successful Completion of Previously Announced Refinancing and Extension Transaction for its Term Loan B Senior Secured Debt

Casa Systems Announces Successful Completion of Previously Announced Refinancing and Extension Transaction for its Term Loan B Senior Secured Debt
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