ThredUp Q3 revenue $67.9M (+7% YoY); net loss widens to $23.7M; guides Q4 revenue $62-64M

ThredUp Inc.

2022-Q3 EPS reported -$0.73 revenue$217,061,000

Revenue $67.9M (+7% YoY); gross margin 65.5% vs 72.8% YoY.
Net loss $23.7M (34.8% of revenue) vs $14.7M (23.3%) YoY; adjusted EBITDA loss $11.0M.
Active buyers 1.7M (+18% YoY); orders 1.6M (+24% YoY).
Q4 guidance: revenue $62-64M, gross margin 62-64%, adj. EBITDA loss margin 14.5%-16.5%.
Full-year 2022 revenue guidance $279-281M; adj. EBITDA loss margin 17.0%-16.5%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ThredUp Inc. reported third quarter ended September 30, 2022 results: revenue Total revenue of $67.9 million, net income Net loss was $23.7 million. Guidance initiated.

Period: third quarter ended September 30, 2022
Revenue: Total revenue of $67.9 million
Net income: Net loss was $23.7 million
Guidance: initiated
Result: reported results

Exact text from the filing

Third Quarter 2022 Financial Highlights • Revenue: Total revenue of $67.9 million, an increase of 7% year-over-year. • Gross Profit and Gross Margin: Gross profit totaled $44.5 million, representing a decline of 3% year-over-year. Gross margin was 65.5% as compared to 72.8% in the third quarter last year. • Net Loss: Net loss was $23.7 million, or a negative 34.8% of revenue, for the third quarter 2022, compared to a net loss of $14.7 million, or a negative 23.3% of revenue, for the third quarter 2021.

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Source: SEC EDGAR

accession 0001484778-22-000186

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