1stdibs.com (DIBS) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -15.38%. A quarter ago, it was expected that this upscale online retailer would post a loss of $0.11 per share when it actually produced a loss of $0.12, delivering a surprise of -9.09%.Over the last four quarters, the company ...

Financial Performance - Gross Merchandise Value (GMV) for the three months ended September 30, 2024, was $84,613,000, a decrease of 4.8% from $88,983,000 for the same period in 2023[82] - The number of orders increased to 33,347 for the three months ended September 30, 2024, compared to 31,202 for the same period in 2023, representing a growth of 6.9%[82] - Active buyers totaled 62,527 for the three months ended September 30, 2024, slightly down from 63,227 in the same period of 2023[82] - Adjusted EBITDA for the three months ended September 30, 2024, was $(2,983,000), compared to $(1,802,000) for the same period in 2023, indicating a worsening performance[82] - Net revenue for the three months ended September 30, 2024, was $21,190,000, an increase from $20,663,000 in the same period of 2023[90] - Cost of revenue for the three months ended September 30, 2024, was $6,154,000, compared to $5,510,000 for the same period in 2023[90] - Gross profit for the three months ended September 30, 2024, was $15,036,000, slightly down from $15,153,000 in the same period of 2023[90] - Total operating expenses for the three months ended September 30, 2024, were $22,428,000, compared to $20,386,000 for the same period in 2023, reflecting an increase of 10.0%[90] - The net loss for the three months ended September 30, 2024, was $(5,683,000), compared to $(3,305,000) for the same period in 2023, indicating a larger loss year-over-year[90] - Net revenue for the three months ended September 30, 2024, was $21.2 million, a 3% increase from $20.7 million in the same period of 2023[93] - Cost of revenue increased to $6.2 million for the three months ended September 30, 2024, up 12% from $5.5 million in 2023, primarily due to higher shipping and processing fees[94] - Gross profit for the three months ended September 30, 2024, was $15.0 million, with a gross margin of 71.0%, down from $15.2 million and 73.3% in 2023[95] - Sales and marketing expenses rose to $9.1 million for the three months ended September 30, 2024, a 9% increase from $8.4 million in 2023[96] - Technology development expenses increased by 21% to $5.5 million for the three months ended September 30, 2024, compared to $4.5 million in 2023[97] - Net loss before income taxes for the three months ended September 30, 2024, was $(27) million, compared to $(16) million in 2023[93] - For the three months ended September 30, 2024, the net loss was $5.7 million, compared to a net loss of $3.3 million for the same period in 2023, representing an increase of 72%[110] - Adjusted EBITDA for the nine months ended September 30, 2024, was $(6.4) million, an improvement from $(11.6) million in the same period of 2023, indicating a 45% reduction in losses[110] Cash Flow and Investments - As of September 30, 2024, the company had cash, cash equivalents, and short-term investments totaling $109.4 million, with an accumulated deficit of $327.1 million[111] - Net cash used in operating activities for the nine months ended September 30, 2024, was $5.7 million, a decrease from $11.5 million in the same period of 2023, reflecting improved cash flow management[113] - The company repurchased 4.3 million shares of common stock for a total cost of $22.8 million during the nine months ended September 30, 2024, as part of its stock repurchase programs[112] - Net cash provided by investing activities was $15.3 million for the nine months ended September 30, 2024, primarily due to $85.6 million in maturities and sales of short-term investments[115] Business Model and Market Conditions - The company operates an asset-light business model, facilitating shipping and fulfillment logistics without taking physical possession of items sold[74] - The company expects to continue incurring substantial expenditures to support ongoing activities and may need to raise additional capital to achieve long-term business objectives[112] - A hypothetical 100 basis point change in interest rates could result in an approximate $0.7 million increase or decrease in cash, cash equivalents, and short-term investments[122] - The company anticipates that an adverse 10% change in current exchange rates could lead to a decrease of no more than $2.4 million in net revenue for the nine months ended September 30, 2024[123] - No single customer accounted for more than 10% of net revenue for the three and nine months ended September 30, 2024, indicating a diversified customer base[124] - The company's operations and financial condition are presented based on historical cost, indicating potential challenges in accurately measuring inflation's impact[125] - Key metrics such as GMV and net revenue have been negatively affected by macroeconomic factors, including inflation and market volatility[125] - There is a risk that rising costs due to inflation may not be fully offset by increases in net revenue and GMV, potentially harming the business[125] - The company cannot assure that its business will remain unaffected by inflation in the future[125]

Exhibit 99.1 1stDibs Reports Third Quarter 2024 Financial Results New York, NY — November 8, 2024 — 1stdibs.com, Inc. (NASDAQ: DIBS), a leading online marketplace for luxury design products ("1stDibs" or the "Company"), today reported financial results for its third quarter ended September 30, 2024. | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission file number 333-256188 1stdibs.com, Inc. (Exact name of registrant as specified in its charter) Delaware 94-3389618 (State o ...

Financial Performance - Net revenue reached $22.2 million, a 6% increase year-over-year[2] - Gross profit increased by 9% year-over-year to $15.9 million[2] - Gross margin improved to 71.7% compared to 69.8% in the second quarter of 2023[2] - GAAP net loss significantly decreased to $4.4 million from $8.3 million in the second quarter of 2023[2] - Adjusted EBITDA margin improved to -7.1% from -21.9% in the second quarter of 2023[2] Operating Metrics - GMV increased by 2% year-over-year to $91.5 million[3] - The number of orders increased by 5% year-over-year to approximately 34,000[3] - Active buyers decreased by 6% year-over-year to approximately 61,000[4] Financial Position - Cash, cash equivalents, and short-term investments totaled $110.6 million as of June 30, 2024[2] Q3 2024 Guidance - GMV is projected to be between $84 million and $91 million[6] - Net revenue is expected to range from $20.8 million to $22.1 million[6] - Adjusted EBITDA margin is forecasted to be between -15% and -10%[6]

Financial Data and Key Metrics Changes - The company reported GMV of $91.5 million, up 2%, with growth rates increasing seven percentage points sequentially [17] - Net revenue was $22.2 million, up 6%, marking the first quarter of revenue growth since early 2022 [20] - Adjusted EBITDA was a loss of $1.6 million, an improvement from a loss of $4.6 million last year, with an adjusted EBITDA margin loss of 7% compared to a loss of 22% last year [22] Business Line Data and Key Metrics Changes - Returning buyer conversion hit a record high, and new buyer conversion grew double digits year-over-year [18] - Orders grew by 5%, driven by conversion improvements and increased performance marketing investments [8] - Average order value was approximately $2,700, down 3%, while median order value was approximately $1,200, down 2% [18] Market Data and Key Metrics Changes - The broader online furniture and premium furnishings markets are contracting, with luxury home goods demand down mid to high single digits [31] - Approximately 61,200 active buyers were reported, down 6% year-over-year but up 1% sequentially [19] - The company ended the quarter with approximately 7,450 unique sellers, down 5%, but listings grew to over 1.8 million, up 6% [19][14] Company Strategy and Development Direction - The company is focused on increasing conversion rates, improving buyer and seller experiences, and enhancing infrastructure [10][13] - The roadmap includes personalized buying experiences, competitive inventory pricing, and scalability [10] - The company aims to capitalize on market recovery and has made significant strides in capital allocation, completing a $25.2 million share repurchase program [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing improvements in conversion rates and order growth despite a challenging market [5][26] - The company anticipates continued order growth in the third quarter, with expectations for active buyer growth to follow [19] - Management believes the worst of the down cycle for the luxury home furnishings market is behind them, positioning the company to benefit disproportionately when market growth resumes [15] Other Important Information - The company experienced a sequential increase in the number of active buyers for the first time since late 2021 [5] - Adjusted EBITDA benefited from approximately $250,000 in favorable one-time items related to lease and sales tax audit conclusions [22][25] - The company expects GMV guidance for the third quarter to be between $84 million to $91 million, reflecting typical seasonal softness [24] Q&A Session Summary Question: Can you provide additional color on the 3Q guide given the solid 2Q? - Management noted that the third quarter is comping against a quarter last year with an unusually high percentage of high average order value orders, but they still project growth in orders, active buyers, and revenue [29] Question: Is the stabilization of active buyers a trend that will continue? - Management confirmed that active buyers grew sequentially and expects continued order growth in the third quarter, which should convert into active buyer growth [30] Question: What are the expectations for the back half of the year regarding macro pressures? - Management indicated that they are outperforming a weak market and that potential interest rate cuts could stimulate more activity in the real estate market, which would be beneficial [31]

1stdibs.com (DIBS) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -9.09%. A quarter ago, it was expected that this upscale online retailer would post a loss of $0.09 per share when it actually produced a loss of $0.08, delivering a surprise of 11.11%. Over the last four quarters, the compan ...

Exhibit 99.1 1stDibs Reports Second Quarter 2024 Financial Results New York, NY — August 6, 2024 — 1stdibs.com, Inc. (NASDAQ: DIBS), a leading online marketplace for luxury design products ("1stDibs" or the "Company"), today reported financial results for its second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights • Net revenue was $22.2 million, an increase of 6% year-over-year. • Gross profit was $15.9 million, an increase of 9% year-over-year. • Gross margin was 71.7%, compared to 69 ...

Financial Data and Key Metrics Changes - GMV was $91.7 million, down 6%, but growth rates increased by 11 percentage points compared to the fourth quarter [15] - Adjusted EBITDA loss was $1.8 million, an improvement from a loss of $5.2 million last year, with adjusted EBITDA margin loss improving from negative 24% to negative 8% [28][32] - Net revenue was $22.1 million, down 1%, while gross profit was $16 million, up 7%, marking the first growth since Q1 2022 [22][23] Business Line Data and Key Metrics Changes - Average order value was approximately $2,600, down 5%, while median order value remained flat at approximately $1,200 [17][18] - Consumer GMV and trade GMV declined at similar rates, but consumer orders grew for the first time since Q3 2021 [18][19] - The number of unique sellers was over 7,600, up 6% year over year, but down modestly from the previous quarter due to higher churn [13][20] Market Data and Key Metrics Changes - Active buyers stabilized at approximately 60,700, down 9% year over year but flat sequentially [19] - Traffic and average order value were headwinds to GMV growth, but conversion gains helped offset some of these challenges [16] Company Strategy and Development Direction - The company aims to return to growth while maintaining a leaner cost structure, focusing on personalized buying experiences, competitive inventory, pricing, and scalability [7] - The strategy includes enhancing the buyer experience through reduced friction, improved logistics, and optimized marketing efforts [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the luxury housing market, indicating that the worst of the down cycle for luxury home furnishings may be behind [15] - The company expects continued conversion improvements and a return to order growth in the second quarter, supported by a strong pipeline of initiatives [11][39] Other Important Information - The company ended the quarter with a strong cash position of $134 million and has repurchased $2.9 million of shares under its buyback program [29] - The company has reduced expenses by over $28 million on an annualized basis, addressing many cost-saving opportunities [47] Q&A Session Summary Question: A/B testing and GMV acceleration - Management noted that while the luxury housing market is improving, it remains marginal, and conversion rates have improved for seven consecutive quarters, with a positive outlook for GMV trends [42][43] Question: Cost management and profitability - Management emphasized the importance of expense management and scalability, stating there are no immediate plans to change the current cost structure but will remain responsive to demand [45]

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