GOED - GOED STOCK NEWS

1847 Goedeker Inc. (NYSE American: GOED) has announced a conference call on June 9, 2021, at 4:30 p.m. ET to discuss its recent acquisition of Appliances Connection, which closed on June 2, 2021. This acquisition positions Goedeker as the largest pure-play online retailer of household appliances in the U.S. The call will provide insights into the strategic importance of this deal and its implications for the company's growth and market expansion.

1847 Goedeker Inc. (GOED) reported impressive growth in April, with written orders up 85% year-over-year to $12.2 million, and Appliances Connection's written orders surging 103% to $70.7 million. Combined, they achieved a pro forma order growth of 100% to $82.9 million. Revenues also soared, with Goedekers' revenue increasing 56% to $5.6 million and Appliances Connection's rising 161% to $39.6 million. The company anticipates a billion-dollar business, driven by a new fulfillment center and strong market demand.

1847 Goedeker Inc. (NYSE American: GOED) has successfully completed a $205 million public offering and $70 million debt financing, along with acquiring Appliances Connection. This acquisition positions Goedeker as the largest pure-play online retailer of household appliances in the US. The public offering involved 91,111,111 units at $2.25 each, providing significant gross proceeds. The funds will help support the acquisition and working capital needs, aligning with Goedeker's vision to transform the appliance shopping experience in America.

1847 Goedeker Inc. (GOED, GOED WS) has announced a public offering of 91,111,111 units at $2.25 each, aimed at raising approximately $205 million. Each unit includes one share of common stock and one warrant exercisable at the same price for five years. The offering is set to close on June 2, 2021. Proceeds will finance part of the acquisition of Appliances Connection and support working capital needs. ThinkEquity acts as the sole book-running manager, and the company has granted an option for an additional 2 million shares.

1847 Goedeker Inc. (NYSE American: GOED) announced it is unaware of the reason for unusual stock price volatility following discussions with its directors and major shareholders. The Company confirmed there are no recent corporate developments affecting its business or affairs that have not been previously disclosed. Goedeker, an e-commerce retailer of appliances and furniture since 1951, primarily operates online and offers over 141,000 items on its website.

1847 Goedeker Inc. (NYSE American: GOED) reported robust financial results for Q1 2021, showcasing a 84% year-over-year revenue increase to $123.0 million. This growth was supported by a 61% rise in site sessions and a 105% surge in written orders. Gross profit expanded to $32.2 million, constituting 26.2% of total net revenue. The company also achieved adjusted EBITDA of $14.7 million, exceeding the full-year 2020 pro forma figure of $14.3 million. The acquisition of Appliances Connection is anticipated to close in Q2 2021.

1847 Goedeker Inc. (NYSE American: GOED) announced a public offering of $205 million in common stock, with a 30-day option for underwriters to buy an additional $30.75 million. The offering is subject to market conditions and is being managed by BofA Securities and ThinkEquity. Proceeds will be used for the acquisition of Appliances Connection and related expenses. A registration statement has been filed with the SEC but is not yet effective, meaning securities can't be sold until that changes.

1847 Goedeker Inc. (NYSE American: GOED) announces significant growth in orders for March. Goedekers' orders surged by 106% year-over-year to $9.5 million, while Appliances Connection's orders increased by 110% to $58.7 million. The Company is on track to finalize the acquisition of Appliances Connection in Q2, supported by infrastructure enhancements that will triple fulfillment capacity. CEO Doug Moore highlighted the strong demand for online appliance shopping, reflecting the Company's commitment to meeting consumer needs.

1847 Goedeker Inc. (NYSE American: GOED) reported strong growth for the fiscal year ending December 31, 2020. Key highlights include a 57% increase in site sessions to 9.9 million and a 99% surge in written orders totaling $123.2 million. Shipped orders rose 15.8% to $55.1 million, though supply chain issues limited potential growth. The company is expanding capacity with a new fulfillment center expected to triple shipping capacity. Additionally, the acquisition of Appliances Connection aims to enhance market presence. Operating losses were $14.4 million, but cash flow improved to $5.4 million.