Shift Technologies, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was USD 57.69 million compared to USD 219.58 million a year ago. Net loss was USD 48.1 million compared to USD 57.05 million a year ago.

Basic loss per share from continuing operations was USD 2.84 compared to USD 6.97 a year ago.