Welcome to our dedicated page for 1Stdibs.Com news (Ticker: DIBS), a resource for investors and traders seeking the latest updates and insights on 1Stdibs.Com stock.
1stdibs.com, Inc. (DIBS) is described in its public materials as a leading online marketplace for luxury and extraordinary design. The company connects design lovers with highly coveted sellers and makers of vintage, antique, and contemporary furniture, home décor, art, fine jewelry, watches and fashion. Its news flow reflects both its role in the electronic shopping segment of the retail trade sector and its status as a Nasdaq-listed marketplace business.
On this news page, readers can follow company-issued updates such as quarterly earnings releases, investor conference appearances and corporate announcements. Recent press releases have detailed first, second and third quarter financial results, including net revenue, gross profit, gross margin, GAAP net loss and non-GAAP metrics like Adjusted EBITDA and Adjusted EBITDA Margin. These releases also discuss key operating metrics that management uses to evaluate the marketplace, including Gross Merchandise Value (GMV), Number of Orders and Active Buyers.
1stDibs also regularly announces its participation in investor events, with news items describing presentations at conferences hosted by firms such as Noble Capital Markets and various IDEAS investor conferences. Additional announcements have included corporate developments, such as the appointment of a Chief Marketing Officer and Chief Product Officer to lead product, marketing and customer support functions.
Investors and followers of DIBS can use this news feed to track how management communicates about financial performance, marketplace trends and strategic priorities over time. Earnings dates, webcast details and other disclosure practices are typically outlined in these releases, offering a centralized view of the company’s public communications related to its marketplace for luxury design products.
1stdibs.com, Inc. (Nasdaq: DIBS), a leading marketplace for extraordinary design, has announced plans to release its third quarter 2024 financial results on Friday, November 8, 2024. The results will be disclosed in a press release before the market opens, accessible via the company's Investor Relations website. Additionally, 1stDibs will host an earnings webcast at 8:00 a.m. Eastern Time on the same day to discuss the results. The webcast can be accessed through the Investor Relations website, with a replay available for one year thereafter.
1stDibs is described as a premier online marketplace that connects design enthusiasts with sellers and makers of vintage, antique, and contemporary furniture, home décor, art, jewelry, watches, and fashion.
1stDibs (NASDAQ: DIBS), the online marketplace for luxury design products, released its financial results for Q2 2024.
Key highlights include:
- Net revenue: $22.2 million, up 6% YoY
- Gross profit: $15.9 million, up 9% YoY
- Gross margin: 71.7%, up from 69.8% in Q2 2023
- GAAP net loss: $4.4 million, improved from $8.3 million in Q2 2023
- Adjusted EBITDA: $(1.6) million, improved from $(4.6) million in Q2 2023
- Cash and equivalents: $110.6 million
CEO David Rosenblatt highlighted growth in GMV, revenue, orders, and conversion rates. CFO Tom Etergino noted improved monetization, margins, and reduced operating expenses.
Q2 2024 GMV was $91.5 million, up 2% YoY, with 34K orders, up 5% YoY. However, active buyers dropped by 6% to 61K. Q3 2024 guidance includes GMV between $84 million - $91 million, net revenue between $20.8 million - $22.1 million, and Adjusted EBITDA margin between (15%) - (10%).
1stDibs (Nasdaq: DIBS), a leading marketplace for extraordinary design, has announced it will release its second quarter 2024 financial results on Tuesday, August 6, 2024, before the market opens. The company will host an earnings webcast at 8:00 a.m. Eastern Time on the same day to discuss the results. Both the press release and webcast will be accessible through the 1stDibs Investor Relations website. A replay of the webcast will be available for one year following the conference call.
1stDibs is an online marketplace that connects design enthusiasts with sellers of vintage, antique, and contemporary furniture, home décor, art, jewelry, watches, and fashion.
1stDibs (Nasdaq: DIBS), a prominent online marketplace for design, has completed its $25.2 million share repurchase program. The company bought back approximately 4.9 million shares at an average price of $5.12 per share. This includes 3.0 million shares repurchased from Insight Partners at an average price of $5.23 per share in a private transaction. CEO David Rosenblatt stated that this move enhances shareholder value and positions the company for future growth while maintaining a strong cash position.
1stdibs.com, Inc. (NASDAQ: DIBS) reported their first quarter financial results for 2024, showcasing a decrease in net revenue to $22.1 million (1% YoY decrease), an increase in gross profit to $16.0 million (7% YoY increase), and a decrease in GAAP net loss to $3.3 million compared to $8.1 million in Q1 2023. The company's gross margin improved to 72.5%, and their Cash, cash equivalents, and short-term investments totaled $134.2 million as of March 31, 2024.
The CEO highlighted progress against key goals, with improvements in demand metrics, conversion rates, GMV, and order growth. The CFO noted a stronger financial foundation, with improved take rates, expanded gross margins, lower operating expenses, and higher Adjusted EBITDA Margins.
However, some metrics saw declines, such as GMV at $91.7 million (6% YoY decrease), number of orders at approximately 35K, and active buyers at approximately 61K (9% YoY decrease).
The Company's Q2 2024 guidance includes GMV of $85 million - $92 million, net revenue of $21.0 million - $22.3 million, and Adjusted EBITDA margin of (14%) - (9%).
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