The RealReal (NASDAQ: REAL) released its first-quarter 2020 results after market hours on Wednesday, revealing low double-digit growth in several key line items.
The luxury fashion consignment specialist managed to grow revenue by 11% on a year-over-year basis to $78.2 million. On gross merchandise value (or GMV, defined by the company as "the total amount paid for goods across our online marketplace in a given period") that rose 15%. Non-GAAP (adjusted) net loss deepened to almost $33.8 million, or $0.39 per share, from the Q1 2019 loss of $24.4 million.
Image source: The RealReal.