Kidpik Q1 revenue down 44.4% to $2.2M; net loss $1.8M

KIDPIK CORP.

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

Revenue of $2.2M, down 44.4% YoY; net loss $1.8M ($0.94 per share).
Gross margin improved to 69.9% from 59.8%; items shipped fell to 195,000.
Adjusted EBITDA loss of $1.4M.
Average shipment keep rate increased to 78.2% from 68.1%.

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

KIDPIK CORP. reported first quarter 2024 ended March 30, 2024 results: revenue $2.2 million, net income $1.8 million, EPS $0.94 per share.

Period: first quarter 2024 ended March 30, 2024
Revenue: $2.2 million
Net income: $1.8 million
EPS: $0.94 per share
Result: reported results

Exact text from the filing

KIDPIK Reports First Quarter 2024 Financial Results NEW YORK - May 14, 2024—Kidpik Corp. (“KIDPIK” or the “Company”), an online clothing subscription-based e-commerce company, today reported its financial results for the first quarter 2024 ended March 30, 2024. First Quarter 2024 Highlights : ● Revenue, net: was $2.2 million, a year over year decrease of 44.4%. ● Gross margin : was 69.9%, compared to 59.8% in the first quarter of 2023. ● Shipped items: were 195,000 items, compared to 340,000 shipped items in the first quarter of 2023. ● Average shipment keep rate: increased to 78.2%, compared to 68.1% in the first quarter of 2023. ● Net Loss: was $1.8 million or $0.94 per share. ● Adjusted EBITDA: was a loss of $1.4 million (see

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Source: SEC EDGAR

accession 0001493152-24-019254

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