1stdibs.Com, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 05:34 pm IST
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1stdibs.Com, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 20.66 million compared to USD 22.73 million a year ago. Net loss was USD 3.31 million compared to USD 9.03 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.23 a year ago.
For the nine months, sales was USD 63.76 million compared to USD 73.89 million a year ago. Net loss was USD 19.76 million compared to USD 15.68 million a year ago. Basic loss per share from continuing operations was USD 0.5 compared to USD 0.41 a year ago.
1stdibs.com, Inc. is an online marketplace for connecting design lovers with sellers and makers of vintage, antique and contemporary furniture, home decor, art, jewelry, watches and fashion. It provides its sellers access to a global community of buyers and a platform to facilitate e-commerce at scale. Its sellers use its platform to manage their inventory, build their digital marketing presence, and communicate and negotiate prices directly with buyers. It provides its buyers a purchase experience with its user-friendly interface. Its 1stDibs Promise provides a community of sellers from around the world; multiple payment options and a comprehensive fraud protection and prevention program; customer service support from dedicated specialists to answer questions, assist with orders, and stand ready to resolve any transaction or technical issues throughout the buying process; cancellations within 24 hours, and others. It has 6.3 million users and approximately 1.7 million listings.