LMP Automotive Holdings, Inc. (LMPX) Q4 2020 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. This is the conference operator. Welcome to the LMP Automotive Holdings fourth quarter and full year 2020 financial results conference call. All participants are in a listen-only mode, and the conference is being recorded. After a presentation by management, there will be an opportunity to ask questions. Before we begin, I would like to remind everyone that this call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements pertaining to future financial and or operating results, along with other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management constitute forward-looking statements. Any statements that are not historical facts should also be considered forward-looking statements. And of course, forward-looking statements involve risks and uncertainties. I would now like to turn the call over to Mr. Sam Taufik, LMP Automotive Holdings Chairman and Chief Executive Officer. Mr. Taufik, you may begin. Thank you, Operator, and good afternoon, all, and I want to thank everybody for joining the call today. We are pleased to announce the material transformation of the company by way of acquisitions that we've closed this month. These additions transformed the company from a $30 million revenue company last year to an excess of $500 million in annualized revenue this current year, representing over a 1,600% increase from 2020, also generating $20 million in annualized adjusted EBITDA income. These transactions represent over a 30% return on invested capital annually for the dealerships and almost twice the average market return on the real estate. The acquisitions market remains robust and the company is well positioned to con...