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1stdibs.com, Inc. operates 1stDibs, an online marketplace that connects design buyers with sellers and makers of vintage, antique and contemporary furniture, home décor, art, jewelry, watches and fashion. News about DIBS centers on quarterly financial results, GMV, net revenue, gross margin, adjusted EBITDA, cash flow and guidance for its asset-light marketplace model.
Company updates also cover marketplace merchandising and brand content, including luxury e-commerce trend reports, editorial initiatives such as Objects of Desire, investor conference appearances, and product, marketing and service work tied to buyer and seller activity.
1stDibs has launched a localized website for Germany, enhancing its European operations, with plans for a French site coming soon. The platform connects users to a diverse selection of over 4,700 vetted sellers, featuring unique items valued at over $14 billion. Approximately 40% of sellers and a third of traffic originate outside the U.S., focusing on Western Europe. This initiative aims to provide a tailored user experience in local languages and currencies, facilitating stronger connections between buyers and local sellers.
1stdibs.com, Inc. (Nasdaq: DIBS) is set to release its Q1 2022 financial results on May 11, 2022, post-market. A press release will be available on the company's Investor Relations website. Following the release, 1stdibs will host an earnings webcast at 5:00 p.m. ET on the same day to discuss the results. A replay will be accessible for one year. 1stdibs is a prominent online marketplace specializing in luxury design products, connecting buyers with sellers of vintage and contemporary goods.
1stDibs has announced an expansion of its NFT marketplace, enhancing the user experience for digital creators and collectors. The platform will now enable vetted creators to autonomously upload, mint, and sell NFTs, while also introducing a secondary market for previously purchased NFTs. This launch is part of ongoing efforts to meet the rising demand for digital art. Upcoming exhibitions include IDentity: (Self)-made by women on March 23, 2022, and Bloom on April 27, 2022, showcasing works from ten female artists and Ignasi Monreal, respectively.
1stDibs Appoints Thomas Etergino as CFO
1stDibs (NASDAQ: DIBS) has announced the appointment of Thomas Etergino as Chief Financial Officer, succeeding Tu Nguyen. Etergino brings over 30 years of financial leadership experience, having held CFO positions at Vesta Healthcare and AtriCure, among others. He will oversee finance, accounting, and analytics functions. Etergino expressed enthusiasm for joining 1stDibs, citing the company's asset-light model and growth potential, including plans for international expansion and auctions.
1stdibs.com reported strong Q4 and full-year 2021 financial results. Q4 net revenue surged 13% year-over-year to $26.9 million, while gross merchandise value (GMV) rose 11% to $117 million. However, gross profit dropped 3% to $16.6 million, resulting in a lower gross margin of 61.7%. The company recorded a GAAP net loss of $8.1 million, significantly up from $1.6 million. For 2021, total net revenue reached $102.7 million (+25%), with an adjusted EBITDA margin of (16.1%).
1stdibs.com, Inc. (Nasdaq: DIBS) announces the release of its fourth quarter and year-end 2021 financial results on March 1, 2022, post-market close. The financial results will be disclosed via a press release on the 1stdibs Investor Relations website. An earnings webcast is scheduled for 5:00 p.m. Eastern Time on the same day, accessible through the company's Investor Relations site. A replay will be available for one year after the event.
1stdibs is a premier online marketplace for luxury design products, linking design enthusiasts with notable sellers of vintage and contemporary items.
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1stdibs.com, a leading online marketplace for luxury design products, will have CEO David Rosenblatt and CFO Tu Nguyen present at several upcoming virtual investor events. These include the Needham Consumer Tech/E-Commerce Virtual Conference on November 22nd, the Raymond James Technology Investors Conference on December 6th, and the Barclays Global Technology, Media and Telecommunications Conference on December 7th. A live webcast and replay will be available on their Investor Relations website.
1stdibs.com, Inc. (NASDAQ: DIBS) reported strong Q3 2021 results with a 25% increase in Gross Merchandise Value (GMV) to $109 million and a 22% rise in net revenue, totaling $25.6 million. Gross profit increased 23% to $18.1 million, yielding a gross margin of 70.6%.
However, the company faced a GAAP net loss of $6.6 million, worsening from a $1.4 million loss in Q3 2020. Despite this, cash reserves stood at $167.1 million. The outlook for Q4 anticipates GMV between $117 million and $121 million.
1stDibs has launched 1stDibs Auctions, allowing customers to bid on unique items like furniture, art, and jewelry, enhancing their shopping experience. CEO David Rosenblatt highlighted the importance of offering both auction and fixed-price models to cater to varied customer preferences. Guest curators Jonathan Adler and Simon Doonan added a selection of over 75 items showcasing their modern glamour aesthetic. The auction platform features thousands of products, no buyer's premium, and comprehensive buyer protection, aiming to attract design enthusiasts worldwide.