Financial Data and Key Metrics Changes - Gross margins expanded from the high 60s to the low 70s despite lower revenue [5] - Adjusted EBITDA margins improved to negative 8.4% in the second half of 2023 from negative 21.7% in the same period of 2022 [5] - Total operating expenses decreased by 19% to $20.1 million, reflecting the benefits of restructuring [24] - Adjusted EBITDA loss was $1.7 million compared to a loss of $4.5 million last year [24] Business Line Data and Key Metrics Changes - GMV for the fourth quarter was $86.4 million, down 17% due to soft demand for luxury home goods [39] - Average order value decreased by 7% to approximately $2,530, while median order value remained flat at approximately $1,150 [22] - Listings increased by 12%, with over 1.7 million listings on the marketplace [40] Market Data and Key Metrics Changes - Active buyers decreased by 10% to approximately 60,700 [40] - Unique sellers increased to approximately 7,800, up from 5,600 a year ago [23] - Traffic declines were observed in both paid and non-paid segments year-over-year [39] Company Strategy and Development Direction - The company is focusing on three themes: personalized buying, competitive inventory pricing, and scalability [6] - A new pricing structure was implemented requiring all new sellers to pay a monthly subscription fee, which is expected to increase engagement [45] - The company aims to optimize the make offer process to enhance conversion and order volumes [19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing economic uncertainty and its impact on consumer behavior, particularly in discretionary spending [42] - There are signs of stabilization in GMV, with expectations for sequential growth in the first quarter of 2024 [50] - The company remains committed to adapting to market dynamics while maintaining cost discipline [8] Other Important Information - The company initiated a $20 million share repurchase program, repurchasing $3.5 million worth of shares since its inception [18] - Technology development expenses decreased by 22% to $4.4 million, driven by lower headcount-related expenses [11] - Interest income increased to approximately $1.7 million, up from $860,000 a year ago [24] Q&A Session Summary Question: Insights on the new pricing structure for sellers - Management noted that new sellers are required to pay a minimum of $99 a month, which is expected to increase engagement and posting activity [45] Question: Highlights of successful new features from AB testing - Management reported a 300% year-over-year increase in the number of tests launched, contributing to conversion growth [47] Question: Signals indicating demand recovery in 2024 - Management expressed optimism about demand stabilization, with sequential GMV expected to remain flat for three consecutive quarters [50] Question: Regional performance differences in demand - Management indicated no significant differences in performance across regions, focusing on conversion improvements [56]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ 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 or other ...

1:DIBS Investor Presentation 2023 Q4 Disclaimer This presentation should not be relied upon for the purpose of evaluating the performance of the Company or for any other purpose, and neither the Company nor any of its affiliates, directors, officers, partners, employees, agents or advisers nor any other person, shall be liable for any direct, indirect or consequential liability, loss or damages suffered by any person as a result of this presentation or their reliance on any statement, estimate, target, proj ...

1stdibs.com (DIBS) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 30%. A quarter ago, it was expected that this upscale online retailer would post a loss of $0.18 per share when it actually produced a loss of $0.08, delivering a surprise of 55.56%.Over the last four quarters, the company has ...

Exhibit 99.1 1stDibs Reports Fourth Quarter and Full Year 2023 Financial Results New York, NY — February 28, 2024 — 1stdibs.com, Inc. (NASDAQ: DIBS), a leading online marketplace for luxury design products ("1stDibs" or the "Company"), today reported financial results for its fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Full Year 2023 Financial Highlights "Throughout 2023, we laid the groundwork for future success," said David Rosenblatt, 1stDibs Chief Executive ...

RICHMOND, Va.--(BUSINESS WIRE)--Journey Health & Lifestyle Brands (“Journey”, or the “Company”), a Virginia-based developer, manufacturer and distributor of direct-to-consumer (DTC) premium, branded products for seniors, today announced the appointment of Adam Karp as Chief Executive Officer, and as a member of Journey’s Board of Directors. Most recently, Adam co-founded and served as the CEO of Lively Hearing, Inc. (“Lively”), a direct-to-consumer hearing aid business that was acquired by GN Hearing in 202 ...

NEW YORK, Feb. 07, 2024 (GLOBE NEWSWIRE) -- 1stdibs.com, Inc. (NASDAQ:DIBS), a leading marketplace for extraordinary design, plans to release its fourth quarter and year end 2023 financial results on Wednesday, February 28, 2024 in a press release before the market opens. The press release can be accessed at the 1stDibs Investor Relations website (investors.1stdibs.com). 1stDibs will also host an earnings webcast to discuss those results at 8:00 a.m. Eastern Time on the same day, which will be accessible vi ...

1STDIBS.COM, INC. 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 September 30, 2023 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 (Exact name of registrant as specified in its charter) Delaware 94-3389618 (St ...

Financial Data and Key Metrics Changes - The company reported GMV of $89 million, down 10% year-over-year due to soft demand for luxury home goods and discretionary items [65] - Net revenue was $20.7 million, down 9%, with transaction revenue making up roughly 70% of total revenue [68] - Adjusted EBITDA loss was $1.8 million, an improvement of $3.7 million from a loss of $5.5 million last year, with adjusted EBITDA margin loss of 9% compared to 24% last year [48][58] Business Line Data and Key Metrics Changes - The supply side of the marketplace remains healthy, with over 9,100 seller accounts, up over 30%, and listings grew 16% to over 1.7 million items [40][46] - Average order value was approximately $2,850, up modestly, while median order value decreased by 3% to approximately $1,200 [66] - Auction orders grew 7%, accounting for 7% of total orders, indicating a focus on improving supply quality and conversion [60] Market Data and Key Metrics Changes - Organic traffic accounted for nearly 80% of total traffic, up from roughly 70% a year ago, while paid traffic growth declined due to a pullback in performance marketing [17] - The luxury housing market was down 25% in Q2 and approximately 10% in Q3, impacting GMV performance [23] - The company noted a pronounced decline in GMV trends following geopolitical events, which moderated expectations for fourth-quarter growth [54][71] Company Strategy and Development Direction - The company is focused on capital-efficient growth, shifting resources from auctions and international projects to seller experience and checkout initiatives [3][61] - Management believes that increasing e-commerce penetration and improving shipping services for sellers will drive future growth [37][39] - The company aims to re-accelerate growth while managing expenses, with a focus on improving conversion rates and enhancing user experience [58][62] Management Comments on Operating Environment and Future Outlook - Management acknowledged a period of soft demand and low visibility for luxury home goods, but expressed confidence in the long-term growth potential of e-commerce and luxury markets [36][59] - The company expects to see a rebound in luxury home goods demand, which would allow for meaningful incremental GMV and revenue without proportionally increasing operating expenses [43] - Management highlighted the importance of monitoring macroeconomic indicators and consumer behavior to guide future marketing and operational strategies [52] Other Important Information - The company has undertaken significant restructuring efforts, resulting in a 20% reduction in total operating expenses year-over-year [48][64] - The company ended the quarter with a strong cash position of $143 million, with interest income increasing to approximately $1.8 million [70] - The company repurchased $1.4 million of shares under its $20 million board-authorized repurchase program [49] Q&A Session Summary Question: Can you provide examples of the increasing testing velocity and its impact? - Management noted that testing velocity has increased over 100% year-over-year, contributing to improved conversion rates, although not all tests succeed [38][74] Question: What factors are influencing the Q4 guidance? - Management indicated that macroeconomic conditions and a pullback in performance marketing spending are significant factors affecting the Q4 guidance [22][71] Question: What needs to happen to re-accelerate the active buyer base? - Management stated that improving macroeconomic conditions, particularly in the luxury housing market, is crucial for re-accelerating active buyer growth [82]

1stdibs.Com, Inc. (NASDAQ:DIBS) Q2 2023 Earnings Conference Call August 9, 2023 8:00 AM ET Company Participants Kevin LaBuz - Head-Investor Relations & Corporate Development David Rosenblatt - Chief Executive Officer Thomas Etergino - Chief Financial Officer Conference Call Participants Mark Mahaney - Evercore ISI Ralph Schackart - William Blair Trevor Young - Barclays Steven McDermott - Bank of America Operator Good day, and thank you for standing by. Welcome to the 1stdibs.com Second Quarter 2023 Earnings ...