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) operates a premier online marketplace for luxury vintage and contemporary design. This news hub provides investors and design professionals with essential updates on corporate developments, strategic partnerships, and market positioning in the high-end goods sector.
Access timely press releases and curated financial news covering earnings reports, leadership announcements, and operational milestones. Our repository ensures stakeholders stay informed about DIBS' evolving role in connecting collectors with rare furniture, fine jewelry, and exclusive art pieces through its authenticated platform.
Key updates include quarterly financial performance, designer collaborations, technological enhancements to the marketplace, and industry recognition. Bookmark this page for direct access to primary source materials that illuminate 1Stdibs' unique position at the intersection of luxury e-commerce and curated design experiences.
1stdibs.com, Inc. (NASDAQ: DIBS) reported Q3 2022 results, revealing a net revenue of $22.7 million, down 11% year-over-year. Gross profit fell 14% to $15.5 million with a gross margin of 68.0%. The company incurred a GAAP net loss of $9.0 million, compared to $6.6 million in Q3 2021. Active buyers decreased by 5% to 68K, and gross merchandise value (GMV) was $99 million, down 9% year-over-year. Despite these challenges, management highlighted cost reduction efforts and ongoing plans to enhance operational efficiency.
1stdibs.com, Inc. (Nasdaq: DIBS) is set to announce its third quarter 2022 financial results on November 9, 2022, prior to market opening. The press release will be available on their Investor Relations website. An earnings webcast will follow at 8:00 a.m. Eastern Time, allowing stakeholders to discuss the results. The webcast replay will be accessible for one year. 1stdibs is recognized as a premier online marketplace for vintage, antique, and contemporary design goods.
1stdibs.com, a prominent marketplace for design, announced that CEO David Rosenblatt and CFO Tom Etergino will present at the Evercore ISI 2nd Annual Technology Conference. The event is scheduled for September 7, 2022, at 12:00 PM Eastern Time. A live webcast and replay will be available on the company's Investor Relations website. 1stdibs connects design enthusiasts with sellers of vintage, antique, and contemporary pieces across various categories, including furniture, art, and jewelry.
1stdibs.com reported its Q2 2022 results with net revenue of $24.6 million, a slight decrease of 0.5% year-over-year. Gross profit fell to $16.6 million, down 4%, leading to a gross margin of 67.6%. The GAAP net loss was $0.3 million, improved from $4.1 million the previous year, aided by a $9.7 million gain from the sale of Design Manager. Cash reserves were $162.7 million. Looking ahead, the company expects Q3 net revenue between $20.7 million and $21.9 million.
1stdibs.com, Inc. (Nasdaq: DIBS) will announce its Q2 2022 financial results on August 10, 2022, before market opening. The press release will be accessible on the company's Investor Relations website. An earnings webcast to discuss these results will follow at 8:00 a.m. Eastern Time on the same day, with a replay available for a year. 1stdibs is a prominent online marketplace for vintage and contemporary furniture, art, and fashion.
Performant Capital has successfully acquired Design Manager from 1stDibs (Nasdaq: DIBS) as of June 29, 2022. The acquisition enhances Performant Capital's portfolio in the technology-driven sector, specifically targeting the interior design software market. Design Manager has served top design firms for over 40 years, managing projects worth $2 billion annually. Performant Capital aims to invest significantly in Design Manager to improve product offerings further. This strategic move is expected to bolster growth and profitability in the interior design industry.
1stdibs.com, a prominent online marketplace for luxury design products, announced that CEO David Rosenblatt and CFO Tom Etergino will present at the William Blair 42nd Annual Growth Stock Conference on June 6th at 1:40pm ET. A live webcast and replay will be available on the company's Investor Relations website. 1stdibs specializes in connecting design enthusiasts with sellers of vintage, antique, and contemporary items, including furniture, art, jewelry, and fashion.
1stdibs.com reported a 3% increase in Gross Merchandise Value (GMV) to $117 million and a 4% rise in net revenue to $26.6 million for Q1 2022. However, GAAP net loss widened to $6.4 million from $2.2 million a year earlier. Gross profit grew 2% to $18.9 million, while gross margin dropped to 71.1%. Active buyers increased by 10% to approximately 71K, but the number of orders fell 6% to around 39K. The company forecasts Q2 GMV between $104 million and $111 million.
1stDibs has expanded its European presence by launching a localized site for France, allowing local buyers to browse and receive support in their native language. Following a similar launch in Germany, this initiative is part of 1stDibs' strategy to enhance the shopping experience in non-English speaking markets. In 2021, 40% of 1stDibs sellers came from outside the U.S., with significant traffic from Western Europe. The marketplace offers over $14 billion worth of unique items across various categories, with an emphasis on quality from vetted sellers.
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.
