Rent the Runway Q4 revenue up 91% YoY to $64.1M; FY2022 revenue guidance $295-305M

Rent the Runway, Inc.

Q4 revenue $64.1M (+91% YoY); ending Active Subscribers 115,240 (+110% YoY).
FY2021 revenue $203.3M (+29% YoY); net loss $(211.8)M incl. $51.5M non-recurring charges.
Gross margin improved to 36.7% in Q4 (vs 13.1% prior year); FY gross margin 34.3% (vs 9.8%).
FY2022 revenue guidance $295-305M (45-50% YoY growth); Adj EBITDA margin (6)% to (5)%.
Targeting Adj EBITDA breakeven in 3-5 quarters; free cash flow breakeven in mid-term.

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