secwatch.observer — SEC 8-K summary
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Issuer:     1stdibs.com, Inc. (DIBS)
CIK:        0001600641
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001600641-23-000054
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600641/000160064123000054/0001600641-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600641/000160064123000054/q1-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001600641-23-000054

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