NEW YORK, September 13, 2021--Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles (the "Company"), today announced the appointment of Robert R. Krakowiak as Chief Financial Officer, effective today. He succeeds David K. Jones, who previously served as Chief Financial Officer and will remain as a non-executive employee of the Company through November 30, 2021 in order to ensure a seamless transition.
Joining us on the call today are Paul Hennessy, chief executive officer; and Dave Jones, chief financial officer. Also, in the second quarter, Vroom completed a $625 million convertible note offering, further strengthening our balance sheet, and bringing our cash balance to almost $1.5 billion at the end of the second quarter.
Vroom (VRM) delivered earnings and revenue surprises of 0.00% and 16.86%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?