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OFFON

THE REALREAL, INC.

(REAL)
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REALREAL : PROVIDES MONTHLY BUSINESS UPDATE (Form 8-K)

07/06/2021 | 09:18am EDT

THE REALREAL PROVIDES MONTHLY BUSINESS UPDATE

SAN FRANCISCO, July 6, 2021 - The RealReal (Nasdaq: REAL)-the world's largest online marketplace for authenticated, resale luxury goods-today provided a business update. Q2 GMV was approximately $350 million, an increase of 91% Y/Y and 53% compared to the same period in 2019. This compares to the financial outlook the company provided on May 10, 2021, for Q2 GMV in the range of $320 million to $330 million. In addition, Q2 AOV was approximately $520, an increase of 25% Y/Y and 15% compared to the same period in 2019.

The COVID-19 pandemic continues to change consumer and business behavior in ways that are difficult to predict. The company believes that disclosing monthly GMV and AOV will provide additional transparency regarding the effects of the COVID-19 pandemic on its business. Consistent with SEC guidance regarding the impacts of the COVID-19 pandemic, the company intends to provide monthly GMV and AOV through the end of 2021.

The following table represents GMV and AOV growth rates for April, May, June and Q2 2021, as compared to 2020 and 2019:

2021 vs 2020 2021 vs 2019
April May June Q2 April May June Q2

GMV

132 % 85 % 67 % 91 % 56 % 50 % 54 % 53 %

AOV

28 % 25 % 22 % 25 % 10 % 15 % 20 % 15 %

The information in this press release reflects preliminary information available as of this date. The RealReal expects to release financial results for the second quarter ended June 30, 2021, in early August.

About The RealReal, Inc.

The RealReal is the world's largest online marketplace for authenticated, resale luxury goods, with more than 20 million members. With a rigorous authentication process overseen by experts, The RealReal provides a safe and reliable platform for consumers to buy and sell their luxury items. We have hundreds of in-house gemologists, horologists and brand authenticators who inspect thousands of items each day. As a sustainable company, we give new life to pieces by thousands of brands across numerous categories-including women's and men's fashion, fine jewelry and watches, art and home-in support of the circular economy. We make selling effortless with free virtual appointments, in-home pickup, drop-off and direct shipping. We do all of the work for consignors, including authenticating, using AI and machine learning to determine optimal pricing, photographing and listing their items, as well as handling shipping and customer service. At our 17 retail locations, including our 12 shoppable stores, customers can sell, meet with our experts and receive free valuations.

Investor Relations Contact:

Paul Bieber

Head of Investor Relations and Capital Markets

paul.bieber@therealreal.com

Press Contact:

Erin Santy

Head of Communications

pr@therealreal.com

Forward Looking Statements

This press release contains forward-looking statements relating to, among other things, the future performance of The RealReal that are based on the company's current expectations, forecasts and assumptions and involve risks and uncertainties. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'will,' 'should,' 'could,' 'expect,' 'plan,' anticipate,' 'believe,' 'estimate,' 'predict,' 'intend,' 'potential,' 'continue,' 'ongoing' or the negative of these terms or other comparable terminology. These statements include, but are not limited to, statements about future operating results, including the amounts of our operating expense and capital expenditure reductions and our strategies, plans, commitments, objectives and goals, in particular in the context of the impacts of the COVID-19 pandemic and the recent social unrest. Actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of future performance. Other factors that could cause or contribute to such differences include, but are not limited to, the impact of the COVID-19 pandemic on our operations, any failure to generate a supply of consigned goods, pricing pressure on the consignment market resulting from discounting in the market for new goods, failure to efficiently and effectively operate our merchandising and fulfillment operations and other reasons.

More information about factors that could affect the company's operating results is included under the captions 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in the company's most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the company's Investor Relations website at https://investor.therealreal.com or the SEC's website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the company on the date hereof. The company assumes no obligation to update such statements.

Disclaimer

The RealReal Inc. published this content on 06 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2021 13:17:02 UTC.


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Sales 2021 447 M - -
Net income 2021 -219 M - -
Net cash 2021 202 M - -
P/E ratio 2021 -5,67x
Yield 2021 -
Capitalization 1 244 M 1 244 M -
EV / Sales 2021 2,33x
EV / Sales 2022 1,88x
Nbr of Employees 2 604
Free-Float 93,9%
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Number of Analysts 15
Last Close Price 13,59 $
Average target price 23,69 $
Spread / Average Target 74,3%
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Managers and Directors
Julie Wainwright Chairman & Chief Executive Officer
Rati Sahi Levesque President & Chief Operating Officer
Matthew Gustke Chief Financial Officer
Arnie Katz Chief Technology & Product Officer
James R. Miller Independent Non-Executive Director
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