Groupon Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

Fourth quarter results above the high-end of guidance positive fourth quarter operating cash flow of $55 million and free cash flow of $51 million excluding goods category, north america segment revenues down 3% compared to prior year improved financial performance and increased liquidity resolves going concern issue chicago, illinois--(newsfile corp. - march 15, 2024) - groupon, inc. (nasdaq: grpn) today announced its financial results for the fourth quarter ended december 31, 2023. the company filed its form 10-k with the securities and exchange commission and posted an updated presentation on its investor relations website (investor.groupon.com).

Chicago, illinois--(newsfile corp. - february 28, 2024) - groupon, inc. (nasdaq: grpn) announced today that it intends to release the company's fourth quarter and full year 2023 financial results before the market opens on friday, march 15, 2024. the company will also host a conference call to discuss those results at 8:00am et.

Chicago, illinois--(newsfile corp. - january 22, 2024) - groupon, inc. (nasdaq: grpn) (the "company" or "groupon") today announced the successful closing of its $80.0 million fully backstopped rights offering (the "rights offering") for shares of the company's common stock, par value $0.0001 (the "common stock"). pursuant to the terms of the rights offering, 7,079,646 shares of common stock were purchased at $11.30 per share, generating $80.0 million in gross proceeds to the company.

Expects to report 4q23 financial results close to, or above, the high-end of guidance reaffirms preliminary 2024 outlook year-end cash & cash equivalents of approximately $141 million chicago, illinois--(newsfile corp. - january 12, 2024) - groupon, inc. (nasdaq: grpn) (the "company", "we"), an internet marketplace focused on local services & experiences, today provided a business update. updating 4q23 financial outlook and cash position following a strong holiday season in north america local, we expect: fourth quarter 2023 revenues to be close to, or above, the high-end of our guidance.

Chicago, illinois--(newsfile corp. - november 21, 2023) - groupon, inc. (nasdaq: grpn) (the "company") announced today that it has commenced its $80.0 million fully backstopped rights offering (the "rights offering") pursuant to which the company will receive gross proceeds of $80.0 million, less expenses related to the rights offering. the company intends to use the proceeds from the rights offering for general corporate purposes, which may include the repayment of debt.

Groupon, a once-popular deals site, is a contrarian play with solid fundamentals and a reasonable valuation. The company has shown improvements in its liquidity position and operating cash flow through cost-cutting measures. Marketplace trends are improving, with the addition of new features like gifting.

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E-commerce played a major role in driving sales, making eBay Inc. (EBAY), Tripadvisor, Inc. (TRIP), 1stdibs.Com, Inc. (DIBS) and Groupon, Inc. (GRPN) solid stocks to buy.

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Groupon (GRPN) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Groupon's (GRPN) fourth-quarter results are hurt by weakening momentum across travel and goods end markets and a declining customer base.

As consumers splurge on gifts in spite of other budgetary cutbacks, Groupon is looking to capture this lucrative opportunity. The eCommerce marketplace shared on a call with analysts discussing its fourth-quarter and full-year 2023 financial results Friday (March 15) that, amid revenue declines, the company is targeting consumers' gift spending to drive increases going forward.

Despite an earnings beat, Groupon shares are falling on Friday, negating the stock's 2024 rally. Groupon says the company 'moving to building phase' of transformation plan and no longer has substantial doubt about ability to continue.

Chicago, Illinois--(Newsfile Corp. - February 28, 2024) - Groupon, Inc. (NASDAQ: GRPN) announced today that it intends to release the company's fourth quarter and full year 2023 financial results before the market opens on Friday, March 15, 2024. The company will also host a conference call to discuss those results at 8:00am ET.

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