10:56 AM EST - Rocky Mountain Dealerships Inc. : Today reported its financial results for the three months ended March 31, 2019. Gross profit as a percentage of sales improved to 14.4% compared to 12.3% for the same period in 2018. Sales decreased 19.1% or $41,973 to $177,681 compared with $219,654 for the same period in 2018 due primarily to a $46,575 decline in same store new equipment sales for the quarter as the company limits pre-sale activity and focus on distributing existing inventory; maintained a solid balance sheet position – with net debt of $55,714 and net debt to Adjusted EBITDA ratio of 1.39x. Net loss totaled $3.044 million, compared to $486,000 in the prior-year. Rocky Mountain Dealerships Inc.
shares T.RME are trading down $0.43 at $8.78.
