The RealReal, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 29, 2024 at 04:18 pm EST
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The RealReal, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 15.96 million compared to USD 33.25 million a year ago. Revenue was USD 143.37 million compared to USD 159.66 million a year ago. Net loss was USD 21.69 million compared to USD 38.61 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to USD 0.39 a year ago.
For the full year, sales was USD 79.16 million compared to USD 158.73 million a year ago. Revenue was USD 549.3 million compared to USD 603.49 million a year ago. Net loss was USD 168.47 million compared to USD 196.45 million a year ago. Basic loss per share from continuing operations was USD 1.65 compared to USD 2.05 a year ago.
The RealReal, Inc. provides an online marketplace for authenticated, consigned luxury goods. The Company provides a platform for consumers to buy and sell their luxury items. The Company offers products across multiple categories, including women's fashion, men's fashion, jewelry and watches. The luxury designers on its online marketplace include Cartier, Chanel, Christian Louboutin, Gucci, Hermes, Louis Vuitton, Prada, Rolex, Tiffany & Co., and Valentino. The Company operates a retail store, including its larger footprint stores in Los Angeles, California, and New York. In addition, it operates retail stores, including its smaller footprint neighborhood retail stores, or neighborhood Stores.
THE REALREAL, INC. 
