ThredUp Q2 revenue $82.7M (+8% YoY); net loss narrows to $18.8M from $28.4M

ThredUp Inc.

2023-Q2 EPS reported -$0.37 revenue$158,580,000

Revenue $82.7M (+8% YoY); gross margin 67.4% vs 68.9% prior year.
Net loss improved to $18.8M (22.7% of rev) from $28.4M (37.2%) YoY.
Adj. EBITDA loss narrowed to $5.0M (6.1% margin) from $13.5M (17.7%).
Active Buyers 1.71M (-0.8% YoY); Orders 1.79M (+5% YoY).
Q3 2023 rev guidance $82-84M; FY2023 rev $325-329M, adj. EBITDA loss margin 5.5-4.5%.

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 0.95

ThredUp Inc. reported second quarter ended June 30, 2023 results: revenue $82.7 million, net income $18.8 million. Guidance initiated.

Period: second quarter ended June 30, 2023
Revenue: $82.7 million
Net income: $18.8 million
Guidance: initiated
Result: reported results

Exact text from the filing

the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing. --- EX-99.1 (EX-99.1) --- • Quarterly revenue of $82.7 million, representing an increase of 8% year-over-year. • Second quarter gross margin of 67.4% and an increase in gross profit of 6% year-over-year. • Active Buyers of 1.7 million and

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Source: SEC EDGAR

accession 0001484778-23-000169

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