ThredUp Q4 revenue $72.9M (+68% YoY); guides FY22 rev $330-340M

ThredUp Inc.

Q4 revenue $72.9M (68% YoY), net loss $17.9M vs $17.0M; adjusted EBITDA loss $10.5M, margin -14.5% improved from -28.2%.
Record Active Buyers 1.7M (+36% YoY), Orders 1.7M (+69% YoY); full-year orders 5.3M (+34%).
Q4 gross margin 66.1% (down from 68.5%) due to Remix acquisition; full-year gross margin 70.7% (up from 68.9%).
FY22 guidance: revenue $330-340M, gross margin 64-66%, adjusted EBITDA margin loss 13.5-15.5%.
Remix acquisition closed Q4; new RaaS partnerships with adidas, Crocs, Michael Stars.

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