- RealReal Inc REAL reported second-quarter FY21 revenue growth of 82.8% year-on-year, to $104.91 million, missing the analyst consensus of $107.25 million.
- Consignment and service revenue rose 76.3% Y/Y, and Direct revenue increased 113.4%.
- The gross merchandise volume (GMV) increased 91% Y/Y to $350 million, with 84.5% of GMV from repeat buyers.
- Gross profit rose 78% Y/Y to $63.4 million with a profit margin of 60.4%. Gross profit per order improved 10.6% Q/Q to $94.
- The loss from operations widened to $(64.8) million. Adjusted EBITDA was ($32.9) million.
- The company held $491.6 million in cash and equivalents as of June 3, 2021.
- Adjusted loss per share of $(0.50) missed the analyst consensus of $(0.47).
- Price action: REAL shares closed lower by 0.73% at $16.23 on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
