1Stdibs.Com, Inc. Reports Financial Results for Its Second Quarter and Six Months Ended June 30, 2021
August 11, 2021 at 04:05 pm EDT
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1stdibs.Com, Inc. reported financial results for its second quarter and Six Months Ended June 30, 2021. For the quarter, the company's Net revenue was USD 24,699,000 against USD 19,132,000 a year ago. Loss from operations was USD 4,606,000 against USD 3,377,000 a year ago. Net loss was USD 4,131,000 against USD 3,252,000 a year ago. Net loss per share attributable to common stockholders—basic and diluted was USD 0.44 against USD 0.63 a year ago.
For the Six Months, the company's Net revenue was USD 50,225,000 against USD 37,019,000 a year ago. Loss from operations was USD 7,062,000 against USD 9,665,000 a year ago. Net loss was USD 6,289,000 against USD 9,566,000 a year ago. Net loss per share attributable to common stockholders—basic and diluted was USD 0.95 against USD 1.54 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.