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AutoWeb, Inc.

autoweb.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2022 10-Q, filed Aug 11, 2022. Its latest SEC filing is a 4 from Sep 14, 2022.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Connects vehicle shoppers with dealers and automakers through online leads, advertising and referrals, and buys used vehicles from consumers to resell to dealers.

How Did They Make Money?

Dealers and manufacturers pay for leads through per-lead fees or monthly subscriptions; advertisers pay for clicks, displayed ads or marketing actions as those occur. AutoWeb also buys used vehicles from consumers and earns money by reselling them to dealers.

FY2021 revenue

Who Were Their Customers?

Dealers buy leads directly under contracts, sometimes through major dealer groups; manufacturers participate directly or through marketing agencies, while other third parties buy wholesale leads and advertising.

Did Revenues Turn Into Profits?

No. It lost $5.7M in FY2021.

Operating income, FY2021
−9% of revenue
▲ +17% (Loss) vs FY2020 (−$5.5M, −7%)
Net income, FY2021
−8% of revenue
▼ −17% (Loss) vs FY2020 (−$6.8M, −9%)
Free cash flow, FY2021
−4% of revenue
▼ Now a loss vs FY2020 ($1.3M, 2%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q2 FY2022, the three months to Jun 30, 2022
Revenue
▼ −8%
vs $18.7M in Q2 FY2021
Net income
▲ +1363% (Loss)
vs −$304K in Q2 FY2021
  • Sep 7, 2022 AutoWeb became a wholly owned subsidiary after a merger Trading in its shares was suspended, and Nasdaq filed to delist them.

Added used-vehicle sales The business expanded from automotive digital marketing and lead referrals to buying used vehicles from consumers and reselling them to dealers.

Who Did They Compete With?

Competes with Google and Facebook

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