8-K
filed March 1, 2023, 6:59 PM ET
ticker DIBS
CIK 0001600641
earnings
confidence high
sentiment negative
materiality 0.75
1stDibs Q4 revenue down 15% to $23.0M; full year net loss widens to $22.5M
1stdibs.com, Inc.
2022-FY EPS reported
-$0.59
revenue$96,849,000
- Q4 net revenue $23.0M (-15% YoY); GAAP net loss $6.9M vs $8.1M loss in Q4 2021.
- Full year 2022 net revenue $96.8M (-6% YoY); GAAP net loss $22.5M vs $21.0M loss in 2021.
- Q4 GMV $104M (-11% YoY); Active Buyers ~68K (-7% YoY).
- Q1 2023 guidance: GMV $93M-$100M, net revenue $21.4M-$22.5M, Adj. EBITDA margin -29% to -24%.
- Restructuring in Sep 2022 reduced workforce ~10%, incurred $0.7M charges; sold Design Manager for $14.8M, gain $9.7M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
1stdibs.com, Inc. reported first quarter 2023 results: revenue $21.4 million - $22.5 million. Guidance initiated.
- Period
- first quarter 2023
- Revenue
- $21.4 million - $22.5 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Financial Guidance and Outlook The Company’s first quarter 2023 guidance is below. Q1 2023 Guidance GMV $93 million - $100 million Net revenue $21.4 million - $22.5 million Adjusted EBITDA margin (non-GAAP) (29%) - (24%)
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
1stdibs.com, Inc. reported Full Year 2022 results: revenue $96.8 million, net income $22.5 million.
- Period
- Full Year 2022
- Revenue
- $96.8 million
- Net income
- $22.5 million
- Result
- reported results
Exact text from the filing
Net revenue was $96.8 million, a decrease of 6% year-over-year. • Gross profit was $67.2 million, a decrease of 5% year-over-year. • Gross margin was 69.4%, compared to 68.7% in the year ended December 31, 2021. • GAAP net loss was $22.5 million, compared to $21.0 million in the year ended December 31, 2021.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
1stdibs.com, Inc. reported Fourth Quarter 2022 results: revenue $23.0 million, net income $6.9 million.
- Period
- Fourth Quarter 2022
- Revenue
- $23.0 million
- Net income
- $6.9 million
- Result
- reported results
Exact text from the filing
Net revenue was $23.0 million, a decrease of 15% year-over-year. • Gross profit was $16.2 million, a decrease of 3% year-over-year. • Gross margin was 70.5%, compared to 61.7% in the fourth quarter 2021. • GAAP net loss was $6.9 million compared to a net loss of $8.1 million in the fourth quarter 2021.
View on SEC.gov
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