Therealreal Stock Price, News & Analysis

The RealReal (Nasdaq: REAL), the largest online marketplace for authenticated resale luxury goods, announced plans to release its first-quarter financial results for the period ending March 31, 2023, on May 9, 2023, after market close.

A conference call is scheduled for 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) to discuss these results, with details available through the company’s investor relations page. The RealReal boasts over 31 million members and employs a meticulous authentication process for luxury items, supporting sustainability through a circular economy.

Salesforce (NYSE: CRM) has partnered with The RealReal (NASDAQ: REAL), a leading online luxury resale marketplace, to enhance the overall customer journey for consignors and shoppers. This collaboration aims to create a fully-personalized digital selling and shopping experience for over 31 million members. The RealReal has recently expanded its operations, now numbering 13 physical locations and adding approximately 20,000 items daily to its platform. With Salesforce's Sales Cloud and Marketing Cloud, The RealReal will utilize data for tailored customer interactions and improve engagement across various channels.

The RealReal, the leading online marketplace for authenticated resale luxury goods, announced enhancements to its consignment service named RealService on March 28, 2023. This includes a dedicated Consignor Concierge team that assists sellers throughout the consignment process, alongside a Luxury Manager for personalized selling advice. Additionally, new features such as the Resale Insights Center and Handbag Pricing Estimator empower sellers with data-driven insights. These improvements come as the company looks to maintain high service standards amid rapid growth, aiming to ensure a seamless selling experience for consignors.

The RealReal (NASDAQ: REAL) announced the grant of equity awards to newly appointed CEO John Koryl and Chief Technology and Product Officer Luke Friang as a material inducement for employment. Koryl received 1,250,000 time-based RSUs and 1,500,000 performance-based PSUs, while Friang received 325,000 RSUs. The RSUs will vest in quarterly installments over time, contingent on continuous employment. The awards were approved by the Board of Directors on March 3, 2023, and will help bolster leadership at the luxury resale marketplace.

The RealReal (Nasdaq: REAL) reported strong financial results for Q4 and FY 2022, with Gross Merchandise Value (GMV) increasing 13% to $493 million for Q4 and 23% to $1.8 billion for the full year. Total revenue rose 10% to $160 million in Q4 and 29% to $603 million for FY 2022. The net loss narrowed to $39 million from $52 million year-over-year. Cash and cash equivalents reached $294 million at year-end. The company aims to enhance profitability by updating the consignor commission structure and optimizing pricing. CEO John Koryl's leadership is expected to drive growth as the company reduces unprofitable areas and focuses on its consignment business.

The RealReal (Nasdaq: REAL) will announce its financial results for Q4 and the full year ended December 31, 2022, after market close on February 28, 2023. A conference call is scheduled for 2:00 PM PT to discuss these results, accessible via registration and live webcast. The archived call will be available afterward on the investor relations website. The RealReal is the largest online marketplace for authenticated, resale luxury goods, boasting over 30 million members.