Kidpik Q4 revenue down 29% to $3.4M; EPS -$2.14, negative gross margin from write-down

KIDPIK CORP.

2024-Q1 EPS reported -$0.94 revenue$2,239,305

Revenue $3.4M, down 28.9% YoY; shipped items fell 24% to 285,000.
Gross margin negative 16.2% due to $2.9M inventory write-down; adjusted gross margin 69.5%.
Net loss $4.0M ($2.14 per share); Adjusted EBITDA loss $3.9M.
Average shipment keep rate improved to 66.2% from 65.3% in Q4 2022.

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 0.9

KIDPIK CORP. reported the fourth quarter and fiscal year 2023 ended December 30, 2023 results: revenue $3.4 million, net income $4.0 million, EPS $2.14 per share.

Period: the fourth quarter and fiscal year 2023 ended December 30, 2023
Revenue: $3.4 million
Net income: $4.0 million
EPS: $2.14 per share
Result: reported results

Exact text from the filing

company, today reported its financial results for the fourth quarter and fiscal year 2023 ended December 30, 2023. Fourth Quarter 2023 Highlights : ● Revenue, net: was $3.4 million, a year over year decrease of 28.9% ● Gross margin: was negative 16.2%, which was the result of a one-time inventory write-down of $2.9 million (without the adjustment gross

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Source: SEC EDGAR

accession 0001493152-24-014210

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