ThredUp Q1 revenue $72.7M (+31% YoY); net loss $20.7M

ThredUp Inc.

2022-Q1 EPS reported -$0.21 revenue$72,695,000

Revenue $72.7M (+31% YoY); gross profit $50.2M (69.1% margin); net loss $20.7M ($0.21 loss per share).
Active buyers reached 1.7M (+33% YoY); orders 1.6M (+45% YoY).
Adjusted EBITDA loss $13.0M, vs $9.1M a year ago; margin -17.8%.
Q2 2022 guidance: revenue $75-77M; FY 2022 guidance: revenue $315-325M.
Opened two U.S. processing centers and expanded RaaS with Pacsun and Madewell.

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