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Poshmark reported a 13% year-over-year increase in Q1 net revenue, totaling $90.9 million, while Gross Merchandise Value (GMV) rose 12% to $493.4 million. The company's Adjusted EBITDA was (4.7) million with a margin of (5.2%). Active buyers grew by 16% year-over-year to a record 7.8 million. Looking ahead, Poshmark expects Q2 revenue between $86 million and $88 million with Adjusted EBITDA guidance of (9) million to (11) million.
Poshmark, Inc. (Nasdaq: POSH) will release its first quarter 2022 financial results on May 12, 2022, after market close. A conference call and earnings webcast will follow at 1:45 p.m. PT to discuss the results, featuring CEO Manish Chandra and CFO Rodrigo Brumana. Investors can access the webcast on Poshmark's Investor Relations website. Poshmark is a leading social marketplace with over 80 million registered users across the U.S., Canada, Australia, and India, promoting sustainable consumption through a blend of social and e-commerce shopping.
Poshmark reported strong Q4 2021 results, with Gross Merchandise Value (GMV) increasing 27% year-over-year to $490.8 million and total revenue up 22% to $84.2 million. The company achieved a record 7.6 million active buyers, reflecting a 17% increase. Adjusted EBITDA was ($4.7 million) with a margin of (5.5%). For full-year 2021, GMV reached $1.8 billion, a 27% rise, while net revenue climbed 25% to $326.0 million. However, adjusted EBITDA decreased to $7.3 million, and GAAP diluted net loss per share was ($1.35).
Poshmark, Inc. (Nasdaq: POSH) will release its fourth quarter and full year 2021 financial results on March 22, 2022, after market close. A conference call and earnings webcast will be held at 1:45 p.m. PT to discuss the results, hosted by CEO Manish Chandra and CFO Rodrigo Brumana. Investors can access the live webcast on the company's Investor Relations website. Poshmark, a social marketplace for new and secondhand styles, boasts over 80 million registered users across multiple countries.
Poshmark, Inc. (NASDAQ: POSH) announced that Manish Chandra, founder and CEO, will present at two investor conferences in December 2021. The first presentation is a virtual fireside chat at the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2021, at 12:35 p.m. PT. The second chat will be at the Raymond James 2021 Technology Investors Conference on December 8, 2021, at 10:20 a.m. PT. Both webcasts will be available live on the company’s investor relations website.
Poshmark, Inc. (NASDAQ: POSH) has appointed Rodrigo Brumana as its new Chief Financial Officer, effective December 1, 2021. Brumana brings over 20 years of experience from leading firms such as Amazon, OfferUp, and eBay. He will manage Poshmark's global finance functions, including financial planning, accounting, and investor relations. The company's CEO, Manish Chandra, stated that Brumana's expertise will accelerate growth as Poshmark aims to enhance its social marketplace, focusing on sustainability and community engagement.
Poshmark reported a strong Q3 2021, with Gross Merchandise Value (GMV) rising 18% year-over-year to $442.5 million and Total Revenue increasing 16% year-over-year to $79.7 million. Despite a decline in Adjusted EBITDA to $0.3 million from $15 million a year earlier, the company achieved its sixth consecutive quarter of operating profitability. Active Buyers grew 17% year-over-year to 7.3 million. The company also provided a Q4 revenue guidance of $80-$82 million.
Poshmark, Inc. (Nasdaq: POSH) has launched its Brand Closet program, enabling large-scale brands to connect directly with its community of over 80 million users. This initiative enhances Poshmark’s social commerce capabilities by allowing brands to engage with shoppers through features like Drops Soon, My Shoppers, and branded Posh Parties. The program aims to empower brands to foster loyalty and tap into a new sales channel, promoting a more vibrant marketplace. This expansion follows successful pilots with several large brands, officially opening access to all interested retailers.
Poshmark, Inc. (Nasdaq: POSH) announced its third quarter 2021 financial results will be released on November 9, 2021, after market close. A conference call and earnings webcast, led by CEO Manish Chandra and Interim CFO Kapil Agrawal, will commence at 1:45 p.m. PT (4:45 p.m. ET) on the same day. Investors can access the live webcast and press release on Poshmark's Investor Relations website. Founded as a social marketplace, Poshmark supports sustainable commerce with over 80 million registered users across various regions, including the U.S., Canada, Australia, and India.
Poshmark, Inc. (Nasdaq: POSH) has acquired Suede One, a platform specializing in virtual sneaker authentication using machine learning and computer vision. This acquisition, Poshmark's first, aims to enhance user experience and drive growth in the resale market, particularly for sneakers and luxury goods. Suede One's technology allows for high-accuracy authentication, with over 99% accuracy for popular sneaker types. The integration will complement existing services like Posh Protect and Posh Authenticate, enhancing the company's offerings in the rapidly growing resale categories.
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