![]() In addition to announcing fourth quarter results, the Company announces the following: Given the structural changes to our strategy, we expect sequential improvement in financial performance each quarter in 2023.” ![]() We also continue to invest in our technology and marketplace to improve the customer experience and expand our business. ![]() During the fourth quarter, we closed our merger with CarLotz and began our transition to an omnichannel selling model which is now complete. “Given market dynamics of the auto industry and capital markets, we adjusted our strategy to prioritize balance sheet health, reduce cash burn, and accelerate our path to profitability. “2022 was a year of significant change for Shift,” said CEO Jeff Clementz. A live audio webcast will also be available on Shift’s Investor Relations website. Management’s commentary on fourth quarter financial results and outlook for the first quarter 2023 can be found by accessing the Company’s prepared remarks 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, 2022. SAN FRANCISCO, Ma(GLOBE NEWSWIRE) - Shift Technologies, Inc. Regained compliance with Nasdaq Stock Market minimum bid price requirement.Successfully closed the merger with CarLotz and transitioned to omnichannel selling model.Sold 2,520 retail units and achieved $65.6 million in revenue.
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