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1stdibs.com, Inc. (NASDAQ: DIBS) is the premier luxury marketplace for rare and desirable objects in furniture, fashion, fine art, and jewelry. Since its inception in 2001, 1stdibs has connected the world’s most respected dealers and makers with sophisticated collectors who are passionate about beautiful design. The company's core business revolves around its online marketplace, which facilitates commerce between sellers and buyers of high-end, vintage, and contemporary items.
1stdibs operates through two main reporting units: the 1stDibs online marketplace and Design Manager, a platform offering software solutions to interior designers. The company's revenue is primarily derived from fees for seller marketplace services, advertisements, and software services.
Led by seasoned executives like CEO David Rosenblatt, formerly of DoubleClick, and CFO Tom Etergino, the company has made significant strides in financial health and operational efficiency. Despite challenges in the luxury housing market, 1stdibs has reduced its cost structure, improved EBITDA margins, and focused on high-ROI projects.
Recently, 1stdibs announced its third-quarter financial results, showcasing a 20% reduction in operating expenses and significant improvements in EBITDA margins. The company is well-positioned for future growth, supported by a strong balance sheet and low cash burn.
Additionally, 1stdibs is committed to supporting the design community through initiatives like the annual 1stDibs 50 list, which celebrates leading design talents globally. The list is a testament to the brand's dedication to promoting excellence in design.
For the latest updates and detailed information about 1stdibs, please visit the company's Investor Relations website.
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.
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.
1stdibs.com, Inc. (Nasdaq: DIBS) will announce its third quarter 2021 financial results on November 10, 2021, after market close. A press release will be available on the Investor Relations website. The company will host an earnings webcast at 5:00 p.m. ET on the same day to discuss the results, with a replay accessible for one year. 1stdibs is a premier online marketplace focused on luxury design products, connecting design enthusiasts with vintage, antique, and contemporary sellers.
1stdibs.com, a top online marketplace for luxury design products, announced that CEO David Rosenblatt and CFO Tu Nguyen will present at the Raymond James 2021 Consumer Conference on September 14th, 2021, at 1:40 PM ET. A live webcast and replay will be available on their Investor Relations website.
1stdibs connects design enthusiasts with sellers of vintage, antique, and contemporary furniture, home décor, art, jewelry, and more, and aims to enhance the luxury shopping experience for its customers.
1stdibs.com reported Q2 2021 financial results, with Gross Merchandise Value (GMV) reaching $107 million, a 34% year-over-year increase. Net revenue rose 29% to $24.7 million, while Gross profit was $17.4 million, up 33%, yielding a 70.4% gross margin.
However, the company reported a GAAP net loss of $4.1 million. Cash and equivalents stood at $176.1 million as of June 30, 2021. The company plans to focus on strategic growth initiatives and has provided Q3 guidance of $100 million - $104 million GMV and $23.6 million - $24.3 million net revenue.
1stDibs has launched an NFT platform, marking its entry into the growing digital art market. The platform adopts an auction model and will host semi-monthly exhibitions, starting with the exhibition titled “Portals,” curated by international artist Metageist. This initiative reflects the company’s ongoing evolution from a listing site to a comprehensive e-commerce platform. The initial offerings will feature highly curated NFTs from renowned creators, and a unique blockchain approach enhances the buying process. Upcoming exhibitions are scheduled for September, with works from various artists.
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