earnings
confidence high
sentiment negative
materiality 0.75
RealReal Q2 revenue up 47% to $154M, but net loss $(53.2)M; cuts full-year guidance
TheRealReal, Inc.
2022-Q2 EPS reported
-$1.17
revenue$301,135,000
- Q2 GMV $454M (+30% YoY); total revenue $154M (+47%); net loss $(53.2)M vs $(71)M a year ago.
- GAAP diluted EPS $(0.56); Non-GAAP diluted EPS $(0.40); Adjusted EBITDA loss $(28.8)M, improving from $(32.9)M.
- Full-year 2022 guidance reduced: GMV $1.85-1.9B, revenue $615-635M, Adj. EBITDA $(110)-(100)M.
- Q3 guidance: GMV $430-450M, revenue $145-155M, Adj. EBITDA $(30)-(26)M.
- Founder/CEO Julie Wainwright stepped down; search for permanent CEO underway.