1stDibs Q1 net loss narrows to $3.3M; revenue down 1% to $22.1M; provides Q2 guidance

1stdibs.com, Inc.

2024-Q1 EPS reported -$0.08 revenue$22,062,000

Net revenue $22.1M (-1% YoY); gross margin expanded to 72.5% from 67.1%.
GAAP net loss $3.3M vs loss $8.1M a year ago; Adjusted EBITDA loss -$1.8M (vs -$5.3M).
GMV $91.7M (-6%), orders ~35K flat, active buyers ~61K (-9%).
Q2 2024 guidance: GMV $85-92M, revenue $21.0-22.3M, Adjusted EBITDA margin (14%)-(9%).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.5

1stdibs.com, Inc. updated its first quarter ended March 31, 2024 guidance (reaffirmed).

Period: first quarter ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 8, 2024, 1stdibs.com, Inc. (the “Company”) issued a press release announcing its financial results for the first fiscal quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001600641-24-000065

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