1stDibs Q3 revenue falls 11% to $22.7M; net loss widens to $9.0M

1stdibs.com, Inc.

2022-Q3 EPS reported -$0.41 revenue$73,892,000

Net revenue $22.7M (-11% YoY); GAAP net loss $9.0M vs $6.6M loss in Q3 2021.
Gross margin 68.0% (down from 70.6%); Adj EBITDA loss $5.5M (margin -24%) vs -$5.4M.
Q4 guidance: GMV $96M-$103M, revenue $22.2M-$23.3M, Adj EBITDA margin -24% to -20%.
Restructuring in Sep 2022 cut ~10% of workforce; incurred $0.6M non-recurring charges.
Active buyers ~68K (-5% YoY); orders ~35K (-6%); GMV $99M (-9%).

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 0.8

1stdibs.com, Inc. reported the third fiscal quarter ended September 30, 2022 results: revenue $22.7 million, net income $9.0 million.

Period: the third fiscal quarter ended September 30, 2022
Revenue: $22.7 million
Net income: $9.0 million
Result: reported results

Exact text from the filing

("1stDibs" or the "Company") , today reported financial results for its third quarter ended September 30, 2022. Third Quarter 2022 Financial Highlights • Net revenue was $22.7 million, a decrease of 11% year-over-year. • Gross profit was $15.5 million, a decrease of 14% year-over-year. • Gross margin was 68.0%, compared to 70.6% in the third quarter 2021. •

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Source: SEC EDGAR

accession 0001600641-22-000152

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