secwatch.observer — SEC 8-K summary
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Issuer:     TheRealReal, Inc. (REAL)
CIK:        0001573221
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001573221-23-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1573221/000157322123000021/0001573221-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1573221/000157322123000021/real-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001573221-23-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer