The RealReal, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 04:10 pm EDT
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The RealReal, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 20.89 million compared to USD 42.65 million a year ago. Revenue was USD 130.86 million compared to USD 154.44 million a year ago. Net loss was USD 41.33 million compared to USD 53.17 million a year ago. Basic loss per share from continuing operations was USD 0.41 compared to USD 0.56 a year ago.
For the six months, sales was USD 45.84 million compared to USD 91.47 million a year ago. Revenue was USD 272.76 million compared to USD 301.14 million a year ago. Net loss was USD 123.83 million compared to USD 110.58 million a year ago. Basic loss per share from continuing operations was USD 1.23 compared to USD 1.17 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. 
