RENT - Rent the Runway GAAP EPS of -$0.46 beats by $0.03 revenue of $74.2M beats by $0.99M

2023-06-07 16:22:40 ET

• Rent the Runway press release ( NASDAQ: RENT ): Q1 GAAP EPS of -$0.46 beats by $0.03 .
• Revenue of $74.2M (+10.6% Y/Y) beats by $0.99M .
• 145,220 ending Active Subscribers, representing an increase of 7.6% year-over-year from 134,998 at the end of the first quarter of fiscal year 2022.
• 135,966 Average Active Subscribers representing an increase of 8.7% year-over-year from 125,119 at the end of the first quarter of fiscal year 2022.
• 185,720 ending Total Subscribers, representing an increase of 4.8% year-over-year from 177,213 at the end of the first quarter of fiscal year 2022.
• Gross Profit was $31.4 million, representing an increase of 39.6% from $22.5 million in the first quarter of fiscal year 2022. Gross Margin was 42.3%, as compared to 33.5% in the first quarter of fiscal year 2022.
• Net Loss was $(30.1) million, as compared to $(42.5) million in the first quarter of fiscal year 2022. Net Loss as a percentage of revenue was (40.6)%, as compared to (63.3)% in the first quarter of fiscal year 2022.
• Adjusted EBITDA was $4.5 million, as compared to $(8.8) million in the first quarter of fiscal year 2022. Adjusted EBITDA margin was 6.1%, as compared to (13.1)% in the first quarter of fiscal year 2022.

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