POSH - POSH STOCK NEWS

Poshmark, Inc. (Nasdaq: POSH) announced it will release its third quarter 2022 financial results on November 10, 2022, after market close. Due to its upcoming acquisition by Naver Corp. (KRX: 035420), Poshmark will not hold a conference call for discussing these results. The social marketplace continues to grow, boasting over 80 million registered users across multiple countries, promoting sustainable consumption through its platform.

Poshmark, Inc. (Nasdaq: POSH) has been recognized in Fortune’s 2022 Change the World list for its commitment to sustainability and the circular economy. The platform has helped keep over 200 million items in circulation, reflecting a growing interest in secondhand goods. In 2021, Poshmark’s gross merchandise value increased by 27% to $1.8 billion. The company’s Reposh feature has seen significant uptake, with 4.5 million listings relisted, marking a 57% increase year-over-year.

Poshmark announced an acquisition by Naver Corp. for $17.90 per share, totaling an enterprise value of approximately $1.2 billion. This deal represents a 15% premium over Poshmark's October 3, 2022 closing price. The acquisition aims to enhance Naver's e-commerce platform by integrating Poshmark's community and technology, capitalizing on the growing online fashion re-commerce market, which is projected to reach $130 billion by 2025. Poshmark will continue to operate independently under its brand post-transaction.

Poshmark Inc. (Nasdaq: POSH), a leading social marketplace, received a 10-Year Partnership Award from the U.S. Postal Service (USPS) on September 12, 2022. This award highlights their collaboration, particularly in the development of PoshPost, a streamlined shipping service. USPS recognized Poshmark in their 2022 Annual Sustainability Report for promoting a circular economy by helping users extend the lifecycle of clothing. The ongoing partnership aims to innovate further in shipping services, enhancing customer satisfaction and contributing to sustainable consumption.

Poshmark, a top social marketplace for new and secondhand style catering to diverse demographics, will have its CEO Manish Chandra and CFO Rodrigo Brumana speak at the Goldman Sachs 2022 Communacopia + Technology conference on September 13, 2022, at 4:30 p.m. PT. The chat will be available via webcast, adding accessibility for investors and stakeholders. Poshmark connects a community of over 80 million users across multiple countries, promoting sustainable consumption through its platform. For more details, visit their official investor page.

Poshmark reported Q2 2022 net revenues of $89.1 million, reflecting a 9% year-over-year increase. Gross Merchandise Value (GMV) rose 8% to $483.5 million. Despite these gains, Adjusted EBITDA was ($9.8 million) with a margin of (11.0%), a decline from prior year. The company recorded a net loss per share of ($0.29), compared to ($0.03) in Q2 2021. Active Buyers grew by 14% to a record 8.0 million. Poshmark forecasts Q3 revenue between $85 million and $87 million, with Adjusted EBITDA expected to range from ($9 million) to ($11 million).

Poshmark, a leading social marketplace for new and secondhand styles, is gearing up for the back-to-school season, targeting budget-conscious consumers. CEO Manish Chandra highlighted the platform's role in allowing families to access trendy apparel at affordable prices. The release outlines popular styles for students, including Y2K fashion and sporty looks. Additionally, Poshmark offers tools for users to easily sell items, enhancing user engagement. The company promotes its offerings through social media partnerships, aiming to connect with the younger demographic during this shopping season.

Poshmark, Inc. (Nasdaq: POSH) will release its Q2 2022 financial results on August 11, 2022, after market close. A conference call and earnings webcast will follow at 1:45 p.m. PT (4:45 p.m. ET) on the same day, hosted by CEO Manish Chandra and CFO Rodrigo Brumana. Poshmark is a leading marketplace for new and secondhand styles, with over 80 million registered users across various countries.

Poshmark, a social marketplace for new and secondhand style, announces its upcoming inclusion in the Russell 3000 Index effective June 27, 2022. This addition follows the annual reconstitution of the Russell indexes, which ranks the largest US stocks by market capitalization. Being part of the Russell 3000 signifies Poshmark's increasing visibility among investors and its commitment to enhancing shareholder value. The company is also being added to the Russell Microcap Index, reflecting its market share growth in the resale sector.