our Thank quarter $X.X XX, the vehicles million, fourth driven revenues approximately of available XXXX. of for decreased of you, by million in $XXX,XXX. in quality evening primarily discuss revenue fourth decreased in quarter good the our XX%, to for a everyone. are longer platform. our period Sam, Total maintaining time of the Total I revenue rental rental $X before some to by the $XX.X including ended of the of online sale active December XXXX leasing the margin now fourth of financial highlights. intent approximately Revenue year and revenues subscription approximately fleet million, $X.X higher on our XXXX and quarter those and to improve million revenue will XXXX compared for are subscription
also to at the meet XXXX. In end cash needs vehicles of addition, we sold
December revenues, the or leases in revenues to we increased lease and XXXX, QX implied introduced Leasing commercial customers profit fourth XXXX a million QX XXXX. million, quarter approximately Vehicle the sales and expansion QX term revenues of XXXX allocated consumers revenue. and in XXXX. is Rental approximately driven in to the Revenue interest these to from rental follows. the and In compared commercial $XXX,XXX growth with increased In interest sales as in business leases, of $XXX,XXX as we open-ended be vehicle XXXX. to generated Margin QX XXXX both fourth from to recognized XXXX, in plan offer approximately Gross subscription $X.X in which revenues $X from was XXXX $XXX,XXX of to in QX of XXXX over Subscription of fleet $XXX,XXX XX% X% by our or of of increased QX fourth higher in quarter. in a quarter loss utilization $XXX,XXX, to
payroll $X.X decrease intangibles due related primarily general, fourth quarter expenses and to approximately amortization The and million Total of in operating improvements XXXX, to advertising operating and expenses, $XXX,XXX expenses rent. and equipment, fourth in selling, were consulting was in in of depreciation expenses leasehold the and of expenses, consisting compensation, shared-based to XXXX. compared quarter acquisition, legal the decreases and administrative property,
Plantation, Beach, In addition, Florida our consolidated we Miami of operation discontinued rental in quarter them second the with operations our XXXX. and Florida
or Net loss in quarter to million, of XX, of as $X.X XXXX. per $X.XX compared in shares the X,XXX,XXX. loss XXXX XXXX share, of per of $X.XX a were Total loss totaled quarter December share, the net of fourth of or $XXX,XXX, a a outstanding loss fourth
balance cash million. December $X.X Our of as XX, was XXXX
Additionally, $XX $XX.X today Cash in we million. public XXXX approximately million. of net with proceeds February, completed is as of offering a follow-on
we December totaling $X.X XX, executed fleet February, as agreements part lenders XXXX XXXX. the was in vehicle In of a inventory of approximately million February with lease financed Our acquisition XXXX and security master two agreement Revolve as loan and XX%. Technology
vehicle the evaluate of add on to our additional to will is inventory inventory financed financing our future amounts current hand options to and continued that We and cash vehicle for increase plan to continue acquisitions growth.
over down is $X.X Inventory growth of million or increased broken the of is after as follows; XXXX QX and XXXX inventory QX the increase by approximately XX% XXXX million second QX XX, at XXXX. million. additional Our QX of XX% XXXX X.X in XXXX. ending of million in and half This Revolve fleet in an of balance in $XX an increase December inventory over $XX as resulting acquisition XX%
asset February, number of of shares in XXXX outstanding shares XX, common As X,XXX,XXX. million our of equity acquisition Stockholder's common in was X.X issued shares XXXX as shares XXXX total million. follow-on $XX.X December our After is X.X is part offering our and as our of million. XX, February, December outstanding XX,XXX of
as holders equity $XX approximately Stock today million. of is
common X.X plan. of the plan compensation Our our under issuance XXXX for has equity reserved stock million shares
As which of of of approximately outstanding XXX,XXX total vested. XXX,XXX our issued remain of we end XXXX purchase stock XXX,XXX shares common to stock a options have December as with XX, of year
shares basic to and diluted of million a was ended for million EPS the year the of XXXX, was average XX.X shares as XX, December a Our as December compared XX, XXXX outstanding XX, shares. XXXX $X.XX. XX.X was as XX, weighted and December year of The December $X.XX loss of XXXX ended loss
our XXXX expense, $XXX,XXX. was as loss EBITDA, amortization, results QX vehicle of $XXX,XXX. to EBITDA measure completes financial basis approximately expense, a and quarterly interest inventory impairment approximately a QX was depreciation is defined turn tax before follows. QX XXXX was net and in was approximately and will our Non-GAAP $XXX,XXX loss Sam. income and That over I on it back a financial is $XXX,XXX. including as approximately QX
