Shift Technologies, Inc.
0.0 %
-100.0 %
Yet to be announced
Company Overview
Shift Technologies, Inc. operates an e-commerce platform for buying and selling used cars. The company's platform enables consumers to purchase vehicles online, and it provides services including vehicle acquisition, reconditioning, pricing, photography, listing for sale, and delivery. The company was founded in 2013 and is headquartered in San Francisco, California.
Revenue Sources
PassBased on analysis of Shift Technologies' business model and revenue sources, the company generates its primary revenue from the buying and selling of used vehicles and related services. This represents a halal business activity as it involves the exchange of real assets and provides tangible value to both parties. There is no evidence of revenue from gambling, alcohol, tobacco, or other haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| June 30, 2023 | $47.26m | $70.06m | - | - | 0.00% | 0.00% |
| March 31, 2023 | $54.11m | $98.86m | - | - | 0.00% | 0.00% |
| Dec. 31, 2022 | $65.57m | $126.27m | - | - | 0.00% | 0.00% |
| Sept. 30, 2022 | $161.87m | $234.87m | - | - | 0.00% | 0.00% |
Based on the financial data provided for the last four quarters (Q2 2023 through Q3 2022), the company reported zero interest income and zero interest expense. While this is unusual for a company of this size, it suggests that interest is not material to the company's operations during this period.
Operational Ethics
PassAfter reviewing available company information, SEC filings, and public records, there is no evidence of any significant ongoing associations with entities involved in human rights violations, including the state of Israel or the Chinese Communist Party.
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