Welcome to our dedicated page for Polished.com news (Ticker: $POL), a resource for investors and traders seeking the latest updates and insights on Polished.com stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Polished.com's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Polished.com's position in the market.
News
Rhea-AI Summary
Polished.com Inc. (POL) has suspended its operations and plans to file for Chapter 7 bankruptcy. Despite efforts to raise capital, the company could not secure additional financing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Polished.com Inc. revises fiscal year 2023 net sales and EBITDA guidance due to macroeconomic headwinds impacting consumer discretionary spending. The company now expects net sales between $315 million and $325 million, lower than the previous estimate of $330 million to $350 million, with EBITDA below the previous low single-digit margins. Additionally, the company faces challenges with its May 2022 Credit Agreement, receiving a Notice of Acceleration from lenders due to non-payment of principal, interest, and fees. The company is working towards a resolution with the lenders to address these defaults.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-57.41%
Tags
-
Rhea-AI Summary
Polished.com Inc. (POL) recently announced the results of its Annual Meeting of Stockholders, with a total of 1,134,678 shares represented, constituting a quorum. Stockholders voted to re-elect all eight nominees to the Board of Directors and to ratify the appointment of Sadler, Gibb & Associates, LLC as the independent registered public accounting firm for the fiscal year ending December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.25%
Tags
Rhea-AI Summary
Polished.com Inc. (NYSE: POL) is a content-driven and technology-enabled shopping destination for appliances, furniture, and home goods in the U.S. household appliances market. The company has scheduled its annual meeting of stockholders for January 30, 2024, to address non-compliance with NYSE American Company Guide Section 704.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Polished.com Inc. (POL) released a statement regarding recent market activity, confirming no undisclosed material change or development in its business. The New York Stock Exchange contacted the Company due to unusual market activity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-46.91%
Tags
-
Rhea-AI Summary
Polished.com Inc. (POL) has extended its loan agreement through November 30, 2024 and provided updated guidance for fiscal year 2023. The company reported a net product sales decline for the third quarter of 2023, with gross profit margin improvements compared to the prior year. Net loss for the quarter was $6.6 million, and adjusted EBITDA was ($0.8) million. The CEO highlighted the focus on stable margins and operating expenses, with strategic levers in place for stronger profitability and sustainable cash flow in 2024. The company also secured an amendment to its credit agreement and expects net sales between $330 million and $350 million for 2023, with low-single-digit EBITDA margins.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-27.09%
Tags
Rhea-AI Summary
Polished.com Inc. (POL) Postpones Q3 Earnings Release and Conference Call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.63%
Tags
-
Rhea-AI Summary
Polished.com Inc. (NYSE American: POL) will report its third quarter 2023 earnings results on November 14, 2023, after market close. The company will host an investor conference call at 4:30 p.m. ET on the same day to review the results. The call can be accessed on Polished.com's investor relations site. The recorded call will also be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.46%
Tags
-
Rhea-AI Summary
Polished.com Inc. announces 1-for-50 reverse stock split to regain compliance with NYSE American listing requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.18%
Tags
Rhea-AI Summary
Polished.com Inc. announces AppliancesConnection.com has been awarded on Newsweek's list of America’s Best Online Shops 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10%
Tags
Polished.com Inc.
NYSE:POL
POL Rankings
POL Stock Data
About POL
goedeker’s is one of the largest independent retailers of discount appliances in the nation. we offer kitchen appliances, washers and dryers, furniture, lighting, plumbing fixtures, and mattresses. founded on family values like service and integrity, we maintain the home-town shopping experience without sacrificing convenience or affordability. goedeker's has been serving st. louis since 1951. we're proud to bring the same amazing service to the internet that we've offered locally for more than 60 years. we make it easy to shop from your home or on the go with our mobile-friendly online store. goedeker's is a trusted source for some of the highest quality brands, including ge, whirlpool, bosch, frigidaire, and samsung. with unique coupons, manufacturer rebates, free shipping, and more, you could save hundreds. give us a chance to show you how home-town service, commitment to quality, and low cost can work for you.