secwatch.observer — SEC 8-K summary
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Issuer:     1stdibs.com, Inc. (DIBS)
CIK:        0001600641
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001600641-23-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1stDibs Q4 revenue down 15% to $23.0M; full year net loss widens to $22.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600641/000160064123000006/0001600641-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600641/000160064123000006/dibs-20230301.htm
  HTML page:      https://secwatch.observer/filing/0001600641-23-000006

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