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Root Inc   (ROOT)
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Root Inc

ROOT's Financial Statements and Analysis



Root Inc increased forth quarter of 2023 net loss per share of $-1.61 compare to net loss per share of $-0.27 recorded in the same quarter a year ago and improved compare to net loss per share of $-3.16 realized in previous quarter.


forth quarter of 2023
Earnings Per Share Revenues
$ -1.61 $  195 Mill
$-1.34     $+124M     +173.21 %



Root Inc 's Revenue rose by 173.21 % in forth quarter of 2023 (Dec 31 2023) year on year, to $195 million and advanced by 68.95 % sequentially.


Root Inc is

More on ROOT's Income Statement



Root Inc 's in theforth quarter of 2023 recorded net loss of $-24.000 million, an improvement compare to net loss of $-67.400 million in IV. Quarter a year ago.

Sequentially net loss narrowed from net loss of $-45.800 million realized in previous quarter.

More on ROOT's Growth

Root Inc Inventories
ROOT's Cash flow In the forth quarter of 2023 company's net cash flow was $43 million, capital expenditures fell by -1.450.00%, to $-2 millions compare to same quarter a year ago

More on ROOT's Cash flow Statement


Root Inc does not pay out common stock dividend.

In trailing twelve-month period Root Inc payed $ -2.33 cash per share, on a free-cash flow basis .

Book value fell by -5.75 % sequentially to $11.51 per share, -6.89% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 11.51 per share from $ 12.21.

Company repurchased 0.11 million shares or 0.73 % in Dec 31 2023.


More on ROOT's Dividends

 Market Capitalization (Millions) 840
 Shares Outstanding (Millions) 14
 Total Debt (Millions $) 299
 Revenue (TTM) (Millions $) 455
 Net Income (TTM) (Millions $) -147
 Cash Flow (TTM) (Millions $) -83
 Capital Exp. (TTM) (Millions $) -9
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -




Root Inc does not pay out common stock dividend.

In trailing twelve-month period Root Inc had negative $ -2.33 cash flow per share, on a free-cash flow basis .

Book value fell by -5.75 % sequentially to $11.51 per share, -6.89% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 11.51 per share from $ 12.21.

Company repurchased 0.11 million shares or 0.73 % in Dec 31 2023.


More on ROOT's Balance Sheets

 Market Capitalization (Millions) 840
 Shares Outstanding (Millions) 14
 Total Debt (Millions $) 299
 Revenue (TTM) (Millions $) 455
 Net Income (TTM) (Millions $) -147
 Cash Flow (TTM) (Millions $) -83
 Capital Exp. (TTM) (Millions $) -9
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -
   


  News about Root Inc Earnings

Root Inc Surges with 173.212% Revenue Improvement in Fourth Quarter Earnings Season

Root Inc, the parent company of Root Insurance Company, has reported a very strong revenue improvement of 173.212% year on year to $194.80 million in the fourth quarter of the 2023 earnings season. This improvement significantly outperforms the average 2.89% business improvement reported by its Property and Casualty Insurance industry contemporaries during the same period.
Despite the impressive revenue growth, Root Inc also extended its deficit to -$1.61 in the fourth quarter. However, this deficit is a significant improvement from the previous reporting period, where the company reported a deficit of -$3.16 per share. Additionally, the company reported a net deficit of $-24.000 million in the fourth qu...

Root Inc Reports Significant Improvement in Loss per Share, with a Shortfall of $-3.16 in July-September 2023 Financial Period



Root Inc, a leading player in the Property and Casualty Insurance industry, has recently released its financial results for the July to September 2023 time-frame. The results demonstrate a loss per share that has improved significantly compared to the prior year. Furthermore, the company witnessed a substantial surge in revenue, outperforming its industry peers. While Root Inc's net shortfall reduced, accounts receivable surged, hinting at rising demand. In this article, we will analyze these facts and speculate on their potential impact on the company's future prospects.
Improving Loss per Share:
Root Inc showcased considerable progress in reducing its loss per share for the July to Septem...

Root Inc Reports Increased Losses and Decreased Revenue Amid Q2 2023; Underperformed Compared to Property & Casualty Insurance Sector Average

As a stock market journalist, I have been closely following the financial results and recent performance of Root Inc, and I must say that the numbers are quite interesting. Let's dig deeper into the details and analyze what they mean for the company and its investors.
To start with, let's focus on the second quarter of 2023 earnings season. The most concerning aspect is the expansion of losses compared to the same quarter the previous year. Root Inc reported losses of $-2.55 per share, a significant increase from the $-0.36 per share loss a year prior. However, there is a silver lining in the form of improved earnings per share from the previous quarter, where the loss was $-2.88 per share. This indicate...

Serious revenue deterioration, at the company in the financial span closing Mar 31 2023

As an investor, it's important to keep yourself updated on...


Date modified: 2024-02-22T08:46:39+00:00





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