DIBS - 1stdibs.com GAAP EPS of -$0.21 beats by $0.01 revenue of $22.2M beats by $0.41M

2023-05-10 07:18:09 ET

• 1stdibs.com press release ( NASDAQ: DIBS ): Q1 GAAP EPS of -$0.21 beats by $0.01 .
• Revenue of $22.2M (-16.5% Y/Y) beats by $0.41M .
• 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.
• GAAP net loss was $8.1 million compared to a net loss of $6.4 million in the first quarter 2022.
• Non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $(5.3) million and (23.7)%, respectively, compared to $(4.7) million and (17.6)%, respectively, in the first quarter 2022.
• Cash, cash equivalents and short-term investments totaled $150.5 million as of March 31, 2023.
• The Company’s second quarter 2023 guidance
• Net Revenue is expected between $20.1M to $21.3M vs $21.26M Consensus

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