RealReal Q4 revenue $160M (+10% YoY), net loss narrows to $39M; new CEO John Koryl appointed

TheRealReal, Inc.

2022-FY EPS reported -$2.05 revenue$603,493,000

Q4 GMV $493M (+13% YoY); total revenue $160M (+10% YoY); net loss $39M vs $52M loss in Q4 2021.
FY 2022 revenue $603M (+29% YoY); net loss $196M vs $236M loss in 2021; Adjusted EBITDA -$112.4M.
Appointed John Koryl as CEO and Luke Friang as CTPO; workforce reduced by ~7% and real estate rationalized.
Q1 2023 guidance: GMV $430-460M, revenue $135-145M, Adjusted EBITDA -$35 to -$31M.
Company projects profitability on full-year Adjusted EBITDA basis in 2024; cash and equivalents $294M at year-end.

item 2.02 item 7.01 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

TheRealReal, Inc. reported fourth quarter ended December 31, 2022 results: revenue $160 million, net income $39 million, EPS $(0.39).

Period: fourth quarter ended December 31, 2022
Revenue: $160 million
Net income: $39 million
EPS: $(0.39)
Result: reported results

Exact text from the filing

Fourth Quarter Financial Highlights • GMV was $493 million, an increase of 13% compared to the same period in 2021 • Total Revenue was $160 million, an increase of 10% compared to the same period in 2021 • Net Loss was $39 million compared to $52 million in the same period in 2021 • Adjusted EBITDA was $(20.2) million or (12.6)% of total revenue compared $(26.9) million or (18.5)% of total revenue in the fourth quarter of 2021 • GAAP basic and diluted net loss per share was $(0.39) compared to $(0.56) in the prior year period

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TheRealReal, Inc. reported full year ended December 31, 2022 results: revenue $603 million, net income $196 million, EPS $(2.05).

Period: full year ended December 31, 2022
Revenue: $603 million
Net income: $196 million
EPS: $(2.05)
Result: reported results

Exact text from the filing

Full Year 2022 Financial Highlights • GMV was $1.8 billion, an increase of 23% compared to full year 2021 • Total Revenue was $603 million, an increase of 29% compared to full year 2021 • Net Loss was $196 million compared to $236 million in 2021 • Adjusted EBITDA was $(112.4) million or (18.6)% of total revenue compared to $(126.9) million or (27.1)% of total revenue for full year 2021 • GAAP basic and diluted net loss per share was $(2.05) compared to $(2.58) in the prior year 1

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TheRealReal, Inc. reported first quarter of 2023 results: revenue $135 - $145 million. Guidance initiated.

Period: first quarter of 2023
Revenue: $135 - $145 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Q1 2023 GMV $430 - $460 million Total Revenue $135 - $145 million Adjusted EBITDA $(35) - $(31) million

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TheRealReal, Inc. filing history →

Source: SEC EDGAR

accession 0001573221-23-000021

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