TDUP - ThredUp GAAP EPS of -$0.19 beats by $0.01 revenue of $71.3M beats by $8.24M
2023-03-06 16:38:35 ET
- ThredUp press release ( NASDAQ: TDUP ): Q4 GAAP EPS of -$0.19 beats by $0.01 .
- Revenue of $71.3M (-2.2% Y/Y) beats by $8.24M .
- Gross Profit and Gross Margin: Gross profit totaled $45.0 million, representing a decline of 7% year-over-year. Gross margin was 63.1% as compared to 66.1% in the fourth quarter last year.
- Net Loss Attributable to Common Stockholders: GAAP net loss attributable to common stockholders was $19.5 million, or a negative 27.3% of revenue, for the fourth quarter 2022, compared to a GAAP net loss attributable to common stockholders of $17.9 million, or a negative 24.6% of revenue, for the fourth quarter 2021.
- Adjusted EBITDA and EBITDA Margin 1 : Adjusted EBITDA loss was $5.8 million, or a negative 8.2% of revenue, for the fourth quarter 2022, compared to an Adjusted EBITDA loss of $10.5 million, or a negative 14.5% of revenue, for the fourth quarter 2021.
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For the first quarter 2023, thredUP expects:
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Revenue in the range of $71 million to $73 million
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Gross margin in the range of 66.0% to 68.0%
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Adjusted EBITDA loss margin in the range of 12.0% to 10.0%
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For the full fiscal year 2023, thredUP expects:
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Revenue in the range of $310 million to $320 million
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Gross margin in the range of 66.0% to 68.0%
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Adjusted EBITDA loss margin in the range of 8.0% to 6.0%
For further details see:
ThredUp GAAP EPS of -$0.19 beats by $0.01, revenue of $71.3M beats by $8.24M