LMP Automotive Holdings, Inc. Announces Delay of First Quarter 2021 Financial Results and Quarterly Conference Call
LMP Automotive Holdings (NASDAQ: LMPX) announced a delay in its first-quarter 2021 financial results previously set for May 14, 2021. The results will now be released after market close on May 24, 2021, with a conference call scheduled for 4:30 PM ET that same day. This delay is due to ongoing evaluations of certain transactions related to acquisitions made in March 2021. As a growth company, LMP aims to consolidate automotive dealership groups across the U.S. and offers a variety of products and services that enhance customer experience through e-commerce technology.
- LMP is a growth company focused on consolidating automotive dealership groups.
- The company's proprietary e-commerce technology aims to disrupt the automotive retail industry.
- LMP's business model generates significant cash flows for further innovation and market expansion.
- The delay in earnings announcement may raise investor concerns regarding financial transparency.
- Ongoing evaluations of acquisitions could indicate uncertainty in integration and operational performance.
FORT LAUDERDALE, FL , May 13, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (“LMP” or the “Company) (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced that it will delay its first quarter 2021 financial results conference call, previously scheduled for May 14, 2021.
As LMP continues to evaluate and account for certain transactions primarily related to its acquisitions that were consummated in March of the first quarter 2021, LMP will release its financial results for the first quarter 2021 and file its Quarterly Report on Form 10-Q after the U.S. stock markets close on Monday, May 24, 2021. The Company will hold a conference call to discuss these financial results that afternoon at 4:30 p.m. Eastern Time.
What: LMP Automotive Holdings, Inc. First Quarter 2021 Financial Results Conference Call
When: Monday, May 24, 2021
Time: 4:30 p.m. ET
Live Call: 1-877-407-3982; International: 1-201-493-6780
A telephonic replay of the conference call will be available until Monday, June 7, 2021, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13717540.
ABOUT LMP AUTOMOTIVE HOLDINGS, INC.
LMP Automotive Holdings, Inc. (NASDAQ: LMPX) is a growth company with a long-term plan to profitably consolidate and partner with automotive dealership groups in the United States. We offer a wide array of products and services fulfilling the entire vehicle ownership lifecycle, including new and used vehicles, finance and insurance products and automotive repair and maintenance.
Our proprietary e-commerce technology and strategy are designed to disrupt the industry by leveraging our experienced teams, growing selection of owned inventories and physical logistics network. We seek to provide customers with a seamless experience both online and in person. Our physical logistics network enables us to provide convenient free delivery points for customers and provide services throughout the entire ownership life cycle. We use digital technologies to lower our customer acquisition costs, achieve operational efficiencies and generate additional revenues. Our unique growth model generates significant cash flows, which funds our innovation and expansion into new geographical markets, along with strategically building out dealership networks, creating personal transportation solutions that consumers desire.
FORWARD-LOOKING STATEMENTS:
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Such statements include, but are not limited to, any statements relating to our expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar matters that are not historical facts. These statements may be preceded by, followed by or include the words “aim,” “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “likely,” “outlook,” “plan,” “potential,” “project,” “projection,” “seek,” “can,” “could,” “may,” “should,” “would,” will,” the negatives thereof and other words and terms of similar meanings. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition, and stock value. Factors that could cause actual results to differ materially from those currently anticipated include: our dependence upon external sources for the financing of our operations; our ability to effectively executive our business plan; our ability to maintain and grow our reputation and to achieve and maintain the market acceptance of our services and platform; our ability to manage the growth of our operations over time; our ability to maintain adequate protection of our intellectual property and to avoid violation of the intellectual property rights of others; our ability to maintain relationships with existing customers and automobile suppliers, and develop relationships; and our ability to compete and succeed in a highly competitive and evolving industry; as well as other risks described in our SEC filings. There is no assurance that any forward-looking statements will materialize. You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.
FAQ
Why did LMP Automotive delay its first quarter 2021 financial results?
When will LMP Automotive Holdings release its first quarter 2021 financial results?
What time is the conference call for LMP's first quarter 2021 results?
What is LMP Automotive's business focus?
