secwatch.observer — SEC 8-K summary
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Issuer:     1stdibs.com, Inc. (DIBS)
CIK:        0001600641
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001600641-22-000152
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600641/000160064122000152/0001600641-22-000152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600641/000160064122000152/dibs-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001600641-22-000152

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