1stDibs Q3 revenue down 9% to $20.7M; GAAP net loss narrows to $3.3M from $9.0M YoY

1stdibs.com, Inc.

2023-Q3 EPS reported -$0.50 revenue$63,762,000

Net revenue $20.7M (-9% YoY); GMV $89.0M (-10% YoY); orders ~31K (-11% YoY).
GAAP net loss $3.3M vs $9.0M in Q3 2022; Adjusted EBITDA -$1.8M vs -$5.5M.
Gross margin improved to 73.3% from 68.0% YoY; operating expenses down 20% YoY.
Q4 2023 guidance: GMV $83-90M; revenue $19.7-20.8M; Adj. EBITDA margin (13%)-(8%).
Board authorized $20M stock repurchase program; $1.4M repurchased as of Sep 30.

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 0.8

1stdibs.com, Inc. reported financial results for third quarter ended September 30, 2023.

Period: third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

1stdibs.com, Inc. (the "Company") issued a press release announcing its financial results for the third fiscal quarter ended September 30, 2023.

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1stdibs.com, Inc. filing history →

Source: SEC EDGAR

accession 0001600641-23-000217

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