#SHIFT TECHNOLOGIES INVESTORS FULL#

To listen to a live audio webcast, please visit Shift’s Investor Relations website at.

This call is scheduled to begin at 2:00 pm PT / 5:00 pm ET and can be accessed by dialing (833) 614-1395 or (914) 987-7116. Shift senior management will host a conference call today to discuss the Company’s Q4'2021 financial results and first quarter outlook. We plan to do this through concrete operational efficiencies across the business, building upon the momentum we achieved in driving reconditioning improvements and strong GPU growth in 2021.” “In 2022, we will focus on achieving an optimal balance between continual growth and meaningful improvement in profitability. We were able to grow market share despite a challenging industry backdrop, and I am incredibly proud of our team for all their hard work,” said Co-founder and CEO George Arison. “2021 was an incredibly successful year for Shift as we grew revenue to $637 million, representing more than 3x growth year-over-year, while continuing to show strong leverage in our business, including 64% growth in Total Gross Profit per unit year-over-year. A live audio webcast will also be available on Shift’s Investor Relations website.

#SHIFT TECHNOLOGIES INVESTORS FULL#

Management’s commentary on fourth quarter financial results and first quarter and full year 2022 outlook can be found by accessing the Company’s shareholder letter on, or by listening to today’s conference call. (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today reported fourth quarter financial results for the period ended December 31, 2021. SAN FRANCISCO, Ma(GLOBE NEWSWIRE) - Shift Technologies, Inc. Projecting full-year 2022 revenue guidance of $1.0 billion - $1.1 billion, approximately 60-70% year-over-year growth, while demonstrating significant operating leverage.Projecting approximately 2x year-over-year Q1'2022 revenue growth, at the midpoint of management guidance range.Attained Q4’2021 Total Gross Profit per unit of $1,885, an increase of 305% year-over-year.

Achieved strong revenue and units sold levels in the fourth quarter year-over-year growth of 167% and 80%, respectively.

Shift technologies investors