Therealreal Stock Price, News & Analysis

The RealReal (Nasdaq: REAL) has announced its ambitious Vision 2025 targets, aiming for over $5 billion in Gross Merchandise Value (GMV), at least $1.5 billion in total revenue, and a positive Adjusted EBITDA exceeding $100 million by 2025. The announcement, made during an Investor Day event, highlights strong expectations for operational excellence and top-line growth. CFO Robert Julian emphasized the goal of achieving positive Adjusted EBITDA by 2024, driven by effective cost management. The company also presented its innovative technology and authentication approaches.

The RealReal (Nasdaq: REAL) has announced details for its Investor Day webcast scheduled for March 22, 2022, at 10:00 a.m. Pacific Time. The event will feature presentations from the executive team and a Q&A session, lasting approximately two hours and forty-five minutes. Interested parties can register for the live webcast at investorday.therealreal.com. Following the event, materials will be available on the company’s Investor Relations webpage, and a replay of the webcast will also be accessible.

The RealReal (Nasdaq: REAL) reported significant financial growth for Q4 and FY 2021. Gross Merchandise Value (GMV) surged 45% to $437 million in Q4 and 50% to $1.48 billion for the full year. Total revenue rose 67% to $145 million in Q4 and 56% to $468 million for FY 2021. However, the company recorded a net loss of $52 million in Q4 and $236 million for the year, which is an increase from 2020. Adjusted EBITDA also showed improvement, narrowing losses significantly. The company anticipates positive Adjusted EBITDA by full-year 2024 and plans to provide further financial insights at its upcoming Investor Day.

The RealReal (Nasdaq: REAL) will announce its financial results for Q4 and full year 2021 on Feb. 23 after market close. The company, a leading online marketplace for authenticated luxury goods, will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Investors can participate by calling (866) 996-5385 in the U.S. or (270) 215-9574 internationally, using passcode 6255296. The call will be accessible via live webcast, with an archived version available shortly thereafter.

The RealReal (Nasdaq: REAL) announced an upcoming Investor Day on March 22, 2022, at its authentication center in Phoenix. This event will feature presentations from the executive team, a Q&A session, and a tour of the facility, helping attendees understand the rigorous authentication process. Due to space limitations, registration is required for in-person attendance. A live webcast of the presentations will be available on the Investor Relations webpage. The RealReal is a leader in the resale luxury market, boasting over 24 million members and a robust authentication process.

The RealReal (Nasdaq: REAL) released its 2022 Luxury Consignment Report, showcasing a significant shift in consumer behavior towards sustainability and away from fast fashion. The report indicates that 40% of customers are replacing fast fashion with resale, while 43% prioritize sustainability. Highlights include Gucci being the top brand among first-time consignors, a 23% rise in Tiffany's average sale price, and a 32% YoY increase in resale value for high-value Nike sneakers. The data reflects trends from over 24 million members and 22 million sold items.

The RealReal (Nasdaq: REAL) reported a strong business update for December 2021, with gross merchandise value (GMV) reaching approximately $153 million, reflecting a 40% increase compared to December 2020 and 49% compared to December 2019. The average order value (AOV) also rose to around $518, up 10% year-over-year. Fastest growing categories included watches, women’s shoes, and women’s apparel. The company plans to revert to quarterly updates in 2022, discontinuing monthly disclosures regarding GMV and AOV.

The RealReal (Nasdaq: REAL) announced a proposed settlement for a derivative action in the United States District Court for the District of Delaware. The settlement aims to resolve claims against certain directors and officers, focusing on corporate governance reforms. The agreement includes a $500,000 payment to Plaintiffs' Counsel for fees and expenses. A court hearing is scheduled for February 10, 2022, to consider the fairness of the settlement. Current shareholders as of November 5, 2021, need not take action unless they wish to object.

The RealReal (Nasdaq: REAL) reported a strong business update for November 2021, revealing a gross merchandise value (GMV) of approximately $146 million, a 51% increase year-over-year. Notably, Black Friday 2021 marked their largest single day of GMV ever. The average order value (AOV) rose to around $514, reflecting a 17% increase from 2020. The company's transparency in sharing monthly GMV and AOV aims to better convey the impacts of the COVID-19 pandemic on its business performance. The RealReal will continue this disclosure trend through 2021.