Therealreal Stock Price, News & Analysis

The RealReal (Nasdaq: REAL) announced it will release its second-quarter financial results for the period ending June 30, 2022, after market close on August 9, 2022. The company will host a conference call at 2:00 PM Pacific Time to discuss the results, accessible via U.S. and international dialing. The archived webcast will be available shortly after the call. As the largest online marketplace for authenticated resale luxury goods, The RealReal has over 27 million members and emphasizes a sustainable approach in supporting the circular economy.

The RealReal announced the appointment of Rati Sahi Levesque and Robert Julian as Co-Interim Chief Executive Officers following the resignation of founder Julie Wainwright on June 7, 2022. The Board will engage an executive search firm to find a permanent CEO while Wainwright will serve as an advisor until the end of 2022. Levesque, with a background in operations and merchandising, and Julian, with extensive financial management experience, are tasked with leading the company during this transition. The RealReal aims to continue its growth and execute its Vision 2025.

The RealReal (Nasdaq: REAL) reported a strong Q1 2022, with Gross Merchandise Value (GMV) up 31% year-over-year, reaching $428 million. Total revenue jumped 48% to $147 million. Despite ongoing COVID-related challenges, the company noted robust demand for luxury resale items. However, the net loss expanded to $57 million, slightly surpassing last year's loss. The company confirmed its full-year 2022 guidance, projecting GMV between $2,000 million and $2,100 million. Adjusted EBITDA for Q2 is forecasted to be between $(33) million and $(29) million.

The RealReal (Nasdaq: REAL) has expanded its Sustainability Calculator, a tool that quantifies carbon emissions savings and water footprint reduction from resale luxury goods. Initially focused on apparel, the calculator now includes handbags, fine jewelry, and watches, reflecting the company's commitment to sustainability. Since 2018, The RealReal has saved over 2.8 billion liters of water and 52,767 metric tons of carbon. The initiative aims to highlight the environmental benefits of a circular economy in fashion, as the industry seeks to meet climate goals.

The RealReal (Nasdaq: REAL) will release its financial results for Q1 2022 on May 10, 2022, after market close. A conference call to discuss these results is scheduled for 2:00 p.m. PT (5:00 p.m. ET). Investors can join the call by dialing (866) 996-5385 in the U.S. or (270) 215-9574 internationally, using passcode 1299713. The call will also be accessible via live webcast on the company's investor relations website. The RealReal is the largest online marketplace for authenticated resale luxury goods, boasting over 25 million members and a comprehensive authentication process.

The RealReal (Nasdaq: REAL) has announced its ambitious Vision 2025 targets, aiming for over $5 billion in Gross Merchandise Value (GMV), at least $1.5 billion in total revenue, and a positive Adjusted EBITDA exceeding $100 million by 2025. The announcement, made during an Investor Day event, highlights strong expectations for operational excellence and top-line growth. CFO Robert Julian emphasized the goal of achieving positive Adjusted EBITDA by 2024, driven by effective cost management. The company also presented its innovative technology and authentication approaches.

The RealReal (Nasdaq: REAL) has announced details for its Investor Day webcast scheduled for March 22, 2022, at 10:00 a.m. Pacific Time. The event will feature presentations from the executive team and a Q&A session, lasting approximately two hours and forty-five minutes. Interested parties can register for the live webcast at investorday.therealreal.com. Following the event, materials will be available on the company’s Investor Relations webpage, and a replay of the webcast will also be accessible.

The RealReal (Nasdaq: REAL) reported significant financial growth for Q4 and FY 2021. Gross Merchandise Value (GMV) surged 45% to $437 million in Q4 and 50% to $1.48 billion for the full year. Total revenue rose 67% to $145 million in Q4 and 56% to $468 million for FY 2021. However, the company recorded a net loss of $52 million in Q4 and $236 million for the year, which is an increase from 2020. Adjusted EBITDA also showed improvement, narrowing losses significantly. The company anticipates positive Adjusted EBITDA by full-year 2024 and plans to provide further financial insights at its upcoming Investor Day.

The RealReal (Nasdaq: REAL) will announce its financial results for Q4 and full year 2021 on Feb. 23 after market close. The company, a leading online marketplace for authenticated luxury goods, will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Investors can participate by calling (866) 996-5385 in the U.S. or (270) 215-9574 internationally, using passcode 6255296. The call will be accessible via live webcast, with an archived version available shortly thereafter.