2023-04-12 16:06:07 ET
- Rent the Runway press release ( NASDAQ: RENT ): Q4 GAAP EPS of -$0.40 beats by $0.11 .
- Revenue of $75.4M (+17.6% Y/Y) beats by $1.88M .
- 126,712 ending Active Subscribers, representing an increase of 10% year-over-year from 115,240 at the end of the fiscal year 2021.
- 141,205 Active Subscribers as of April 8, 2023, reaching record high.
- 130,476 Average Active Subscribers, representing an increase of 12% year-over-year from 116,037 at the end of the fourth quarter of 2021.
- 171,998 ending Total Subscribers, representing an increase of 8% year-over-year from 159,544 at the end of the fiscal year 2021.
- Gross Profit was $33.3 million, representing an increase of 42% from $23.5 million in the fourth quarter of 2021. Gross Margin was 44.2%, as compared to 36.7% in the fourth quarter of 2021.
- Adjusted EBITDA margin was 9.4%, as compared to (8.6)% in the fourth quarter of 2021.
- 2023 Outlook: Ending Active Subscriber growth of more than 25%
- Revenue in the range of $320 million to $330 million
- Adjusted EBITDA Margin of 7% to 8%
- YoY reduction in cash consumption by almost 50%
- Q1 2023 Outlook: Revenue in the range of $72 million to $74 million
- Adjusted EBITDA Margin of 2% to 33
- Shares -20% .
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Rent the Runway GAAP EPS of -$0.40 beats by $0.11, revenue of $75.4M beats by $1.88M