1stdibs Q1 revenue falls 17% to $22.2M, net loss widens to $8.1M; guides Q2 lower

1stdibs.com, Inc.

2023-Q1 EPS reported -$0.21 revenue$22,178,000

Net revenue $22.2M (-17% YoY); GAAP net loss $8.1M vs $6.4M loss in Q1 2022.
Non-GAAP Adjusted EBITDA loss $5.3M (margin -23.7%); Gross margin 67.1% vs 71.1%.
GMV $97M (-17%), Orders ~35K (-10%), Active Buyers ~66K (-7%).
Cash, equivalents & short-term investments $150.5M.
Q2 2023 guidance: GMV $85-92M, revenue $20.1-21.3M, Adj EBITDA margin (34%)-(28%).

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 0.9

1stdibs.com, Inc. reported second quarter 2023 results: revenue $20.1 million - $21.3 million. Guidance initiated.

Period: second quarter 2023
Revenue: $20.1 million - $21.3 million
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company’s second quarter 2023 guidance is below. Q2 2023 Guidance GMV $85 million - $92 million Net revenue $20.1 million - $21.3 million Adjusted EBITDA margin (non-GAAP) (34%) - (28%)

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

1stdibs.com, Inc. reported first quarter ended March 31, 2023 results: revenue $22.2 million, net income ($8.1 million).

Period: first quarter ended March 31, 2023
Revenue: $22.2 million
Net income: ($8.1 million)
Result: reported results

Exact text from the filing

products ("1stDibs" or the "Company") , today reported financial results for its first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights • Net revenue was $22.2 million, a decrease of 17% year-over-year. • Gross profit was $14.9 million, a decrease of 21% year-over-year. • Gross margin was 67.1%, compared to 71.1% in the first quarter 2022. •

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1stdibs.com, Inc. filing history →

Source: SEC EDGAR

accession 0001600641-23-000054

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