The RealReal(REAL)

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The RealReal(REAL) - 2024 Q2 - Quarterly Results
2024-08-06 20:14
Exhibit 99.1 THE REALREAL ANNOUNCES SECOND QUARTER 2024 RESULTS Q2 2024 Revenue of $145 million, up $14 million or 11% Year-Over-Year Q2 2024 Net Loss of $(17) million, or (11.5%) of Total Revenue, an improvement of $25 million Year-Over-Year Q2 2024 Adjusted EBITDA of $(1.8) million or (1.2)% of Total Revenue, up $21 million Year-Over-Year SAN FRANCISCO, August 6, 2024 — The RealReal (Nasdaq: REAL)—the world's largest online marketplace for authenticated, resale luxury goods—today reported financial result ...
The RealReal ‘Opens' an Installation on Canal Street, Starting a Conversation About Fakes
GlobeNewswire News Room· 2024-06-13 13:00
NEW YORK, June 13, 2024 (GLOBE NEWSWIRE) -- Today, The RealReal, the world's largest online marketplace for authenticated, resale luxury goods, unveils an installation of fake handbags at 301 Canal Street. In a moment where authenticity has never been so important, we're drawing attention to the pervasive counterfeit crisis and provocatively prompting passer-bys to ask themselves what's real, with the goal of starting a conversation about why it matters on a street synonymous with counterfeit culture. Strat ...
RealReal: Return To GMV Growth May Spark The Beginning Of A Rebound
Seeking Alpha· 2024-06-13 10:09
VAL The RealReal Inc (REAL) Price 3 55 4.00 3.55 3.00 2.00 1.00 Jan '24 Feb '24 Apr '24 Mar '24 May '24 Jun '24 Seeking Alpha X Jun 13, 2024, 12:18 AM EDT Powered by YC H A R T S Data by Y Charts Statements of Operations Amid this backdrop, I'm renewing my buy call on The RealReal, Here is my full long-term bull case for The RealReal: The RealReal Q1 results (The RealReal Q1 shareholder letter) | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------- ...
The RealReal(REAL) - 2024 Q1 - Earnings Call Transcript
2024-05-08 03:18
Financial Data and Key Metrics Changes - The company reported a return to overall top line growth for the first time in three quarters, driven by double-digit growth in consignment revenue, which is the most profitable segment [7][8] - The gross margin rate reached the highest ever at 74.6%, significantly improving bottom line results compared to the prior year [8][29] - Adjusted EBITDA improved by $25 million year-over-year, with GMV and adjusted EBITDA exceeding the high end of guidance [8][11] Business Line Data and Key Metrics Changes - Consignment revenue grew by approximately 13% year-over-year, indicating strong demand and healthy supply [16][46] - The average order value increased by about 8%, reflecting positive consumer behavior [16] Market Data and Key Metrics Changes - Active buyers decreased by 9% year-over-year, but orders growth accelerated significantly, suggesting potential recovery in active buyer numbers [59][60] - The company is focusing on targeting high-value sellers to improve the mix and volume of consigned items [54][56] Company Strategy and Development Direction - The company is refining its sales and marketing approach to drive profitable supply and is testing new initiatives to grow its core business [9][10] - There is a strong focus on automation and AI to enhance client experience and operational efficiency [11][20] - The company aims to deliver positive adjusted EBITDA for the full year 2024 and has updated its full-year guidance with an increase in the midpoint of the adjusted EBITDA range [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the health of the consumer and the overall marketplace, noting that supply is currently strong [16][46] - The company is aware of the competitive landscape and is committed to enhancing its core business through pricing transparency and operational efficiencies [69][70] Other Important Information - The company is exploring new supply channels, including drop shipping, to expand its market reach [31][38] - Operational investments are planned to drive efficiencies and expand margins in the long term [35][42] Q&A Session Summary Question: Insights on consumer behavior and health - Management noted that average selling prices and units per transaction (UPT) are up, indicating a healthy consumer [16][18] Question: Impact of AI and automation on pricing - Management confirmed that AI is being integrated into pricing strategies, leading to smarter pricing decisions [20][22] Question: Gross margin outlook for the year - Management indicated that Q1's gross margin was strong but expected some seasonal reduction in Q2, with operational investments impacting EBITDA [29][30][35] Question: Update on drop shipping and supply channels - Management is optimistic about the early stages of drop shipping and is focusing on new supply channels [31][38] Question: Drivers of GMV growth - Management highlighted that GMV growth is driven by both higher-value items and increased volume from existing sellers [54][55] Question: Active buyers trend and engagement strategies - Management acknowledged the decline in active buyers but pointed to orders growth as a positive indicator for future recovery [59][60] Question: Competitive landscape evolution - Management is continuously monitoring competitors and believes in doubling down on their core business to maintain a competitive edge [69][70] Question: Consignment gross margin potential - Management sees potential for further improvement in consignment gross margins through operational efficiencies [73][74]
The RealReal(REAL) - 2024 Q1 - Quarterly Report
2024-05-07 20:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ___________________________________________________ FORM 10-Q ___________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ 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: 001-38953 _________ ...
The RealReal(REAL) - 2024 Q1 - Quarterly Results
2024-05-07 20:29
Exhibit 99.1 THE REALREAL ANNOUNCES FIRST QUARTER 2024 RESULTS Q1 2024 Gross Merchandise Value Increased 2% Year-Over-Year Q1 2024 Consignment Revenue Increased 13% Year-Over-Year Q1 2024 Net Loss Improved $51 million Year-Over-Year Q1 2024 Adjusted EBITDA Loss of $2.3, an improvement of $25 million Year-Over-Year SAN FRANCISCO, May 7, 2024 — The RealReal (Nasdaq: REAL)—the world's largest online marketplace for authenticated, resale luxury goods—today reported financial results for its first quarter ended ...
The RealReal(REAL) - 2023 Q4 - Annual Report
2024-03-01 21:50
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-K ___________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(ad) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 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 001-38953 The RealReal, Inc. (Exact name of Re ...
The RealReal(REAL) - 2023 Q4 - Earnings Call Transcript
2024-03-01 04:22
The RealReal, Inc. (NASDAQ:REAL) Q4 2023 Earnings Conference Call February 29, 2024 5:00 PM ET Company Participants Caitlin Howe - Senior Vice President of Investor Relations John Koryl - Chief Executive Officer Rati Levesque - President & Chief Operating Officer Todd Suko - Chief Legal Officer Conference Call Participants Mark Altschwager - Baird Anna Andreeva - Needham Rick Patel - Raymond James Jason Napier - UBS Marvin Fong - BTIG Ike Boruchow - Wells Fargo Ashley Owens - KeyBanc Capital Markets Tom Nik ...
The RealReal(REAL) - 2023 Q4 - Annual Results
2024-02-29 21:18
Exhibit 99.1 THE REALREAL ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS Q4 and FY 2023 Net Loss Improved Year-Over-Year by $17 million and $28 million, respectively Q4 2023 Adjusted EBITDA of positive $1.4 million, improving $22 million year-over-year Debt Exchange Transactions Entered into with Certain Holders of Convertible Senior Notes due 2025 and 2028 SAN FRANCISCO, February 29, 2024 — The RealReal (Nasdaq: REAL)—the world's largest online marketplace for authenticated, resale luxury goods—today ...
The RealReal(REAL) - 2023 Q3 - Earnings Call Transcript
2023-11-08 01:49
The RealReal, Inc. (NASDAQ:REAL) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Caitlin Howe - Senior Vice President of Investor Relations John Koryl - Chief Executive Officer Robert Julian - Chief Financial Officer Rati Levesque - President & Chief Operating Officer Conference Call Participants Mark Altschwager - Baird Marvin Fong - BTIG Ike Boruchow - Wells Fargo Tom Nikic - Wedbush Securities Edward Yruma - Piper Sandler Ashley Owens - KeyBanc Capital Markets Rick Patel ...