POSH - POSH STOCK NEWS

Poshmark, a leading social marketplace for fashion and home goods, announced that its CEO, Manish Chandra, will participate in a fireside chat at the Raymond James 2021 Consumer Conference on September 14, 2021, at 10:00 a.m. PT.

The event can be accessed live via webcast on Poshmark's investor relations website. Poshmark serves a community of over 80 million registered users across various countries, promoting sustainable consumption through easy buying and selling.

Poshmark, Inc. (NASDAQ: POSH) reported strong Q2 2021 results. Gross Merchandise Value (GMV) increased 25% year-over-year to $449.6 million, while total revenue grew 22% to $81.8 million. Adjusted EBITDA amounted to $6.1 million, reflecting a margin of 7.4%. Active Buyers reached 7.0 million, up 16% from last year. However, GAAP results showed a net loss of ($2.9 million), a decline from income of $21.3 million in the prior year. Q3 guidance estimates revenue between $81.0 million and $83.0 million and an adjusted EBITDA range of $1.0 million to $2.0 million.

Poshmark, Inc. (NASDAQ: POSH) has appointed Ebony Beckwith, Chief Philanthropy Officer at Salesforce, to its board of directors, effective immediately. This addition brings the board total to eight members. Beckwith has over two decades of experience in technology and philanthropy, and she will contribute her expertise in driving social and business impact. CEO Manish Chandra emphasized Beckwith's alignment with Poshmark's goals of sustainable commerce. The company continues to expand its community, which now includes over 80 million registered users.

Poshmark (Nasdaq: POSH) announced its expansion into India, aiming to tap into one of the fastest-growing ecommerce markets. By the end of the quarter, Indian consumers will join Poshmark's community, enabling them to benefit from social and sustainable shopping. With over 622 million active internet users in India, the company sees a significant market opportunity. The appointment of Sylvie De Wever and Anuradha Balasubramanian as leaders to drive this initiative highlights its commitment to international growth, following successful expansions in Canada and Australia.

Poshmark, a leading social marketplace, will announce its second quarter 2021 financial results on August 10, 2021, after the market closes. A conference call to discuss these results will occur at 1:45 PM PT (4:45 PM ET) on the same day, hosted by CEO Manish Chandra and CFO Anan Kashyap. This event is expected to provide insights into the company's performance and future outlook. Poshmark has over 80 million registered users across the U.S., Canada, and Australia, promoting a sustainable shopping experience.

Poshmark (NASDAQ: POSH) has launched the Heart & Hustle Community Fund to support its sellers, committing to distribute $500,000 in grants during 2021. The fund will award over 100 sellers quarterly, helping them grow their businesses amid economic uncertainty caused by the COVID-19 pandemic. Recipients of the inaugural Q1 grants, totaling 142, received $5,000 or $500 each. The initiative aims to empower diverse sellers by providing financial support, resources, and community networking, with applications for the next cycle opening on July 1, 2021.

Poshmark announced the departure of Chief Financial Officer Anan Kashyap, who will resign in August after filing the second quarter 10-Q. He will act as an advisor until year-end. Kashyap contributed significantly to the company's transition from a private entity to a public NASDAQ-listed firm, and he expressed pride in Poshmark's growth during his tenure. The company is now launching a search for a new CFO to navigate its ongoing growth as a public entity.

Poshmark (NASDAQ: POSH) announced that CEO Manish Chandra will present at two investor conferences. He will participate in a virtual fireside chat at the William Blair 41st Annual Growth Stock Conference on June 1, 2021, at 2:00 p.m. PT, and at the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 1:00 p.m. PT. Both events will have live webcasts available at investors.poshmark.com. Poshmark is a leading social marketplace for new and secondhand style, with over 80 million registered users.

Poshmark (Nasdaq: POSH) announced a groundbreaking partnership with Snap to launch Poshmark Mini, a social shopping experience on Snapchat. Set to launch soon, it will connect users through curated products and enhance visibility for Poshmark sellers to millions of Snapchat users. The platform will enable Snapchat users to participate in Virtual Posh Parties, explore Poshmark's extensive catalog of over 200 million items, and shop top-selling brands. This initiative aligns with trends towards online, social, and secondhand shopping, aiming to engage younger consumers.