The RealReal: Fourth Quarter Earnings Overview
The RealReal Reports Fourth Quarter Financial Results
The RealReal Inc., headquartered in San Francisco, announced a net loss of $38.8 million for the fourth quarter.
The company recorded a per-share loss of 33 cents. When excluding one-time expenses and stock-based compensation, adjusted earnings came to 6 cents per share.
During the quarter, the online luxury consignment platform generated $194.1 million in revenue, surpassing analyst expectations. According to Zacks Investment Research, five analysts had projected revenue of $190.3 million.
Looking at the full year, The RealReal reported a total loss of $41.8 million, or 70 cents per share, with annual revenue reaching $692.8 million.
For the upcoming quarter ending in March, the company anticipates revenue between $185 million and $189 million.
Full-year revenue guidance is projected to fall within the range of $765 million to $780 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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