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    AUTO   US05335B1008

AUTOWEB, INC.

(AUTO)
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AutoWeb : Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) (Form 8-K)

06/16/2021 | 04:16pm EDT
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock, par value $0.001 per share
AUTO
The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 8.01.
Other Events.
On May 28, 2021, AutoWeb, Inc., a Delaware corporation ('AutoWeb'), previously reported that Dealer Direct, LLC dba FordDirect ('FordDirect') has decided to suspend its new vehicle leads marketing program and terminate the new vehicle leads portion of the Lead Agreement dated December 1, 2020, between AutoWeb and FordDirect ('Lead Agreement'), effective September 30, 2021.
On June 11, 2021, the parties agreed to amend the Lead Agreement to provide for an early termination of the new vehicle leads portion of the Lead Agreement, with the early termination to be effective June 30, 2021, in exchange for a lump sum payment of approximately $0.5 million from FordDirect to AutoWeb. This early termination payment was derived based on an estimated gross profit for the estimated number of valid new vehicle leads that would have been delivered by AutoWeb to FordDirect during the original termination period.

Disclaimer

Autoweb Inc. published this content on 16 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2021 20:15:09 UTC.


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Financials (USD)
Sales 2021 74,5 M - -
Net income 2021 -1,77 M - -
Net Debt 2021 - - -
P/E ratio 2021 -22,6x
Yield 2021 -
Capitalization 40,4 M 40,4 M -
Capi. / Sales 2021 0,54x
Capi. / Sales 2022 0,48x
Nbr of Employees 149
Free-Float 57,9%
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Technical analysis trends AUTOWEB, INC.
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 4
Last Close Price 3,00 $
Average target price 4,81 $
Spread / Average Target 60,4%
EPS Revisions
Managers and Directors
Jared R. Rowe President, Chief Executive Officer & Director
Michael Sadowski Chief Financial Officer & Executive Vice President
Michael J. Fuchs Chairman
Daniel R. Ingle Chief Operating Officer & Executive Vice President
Glenn Evan Fuller Secretary, Chief Legal & Administrative Officer
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