The RealReal, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:39 pm EST
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The RealReal, 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 17.36 million compared to USD 34.01 million a year ago. Revenue was USD 133.17 million compared to USD 142.7 million a year ago. Net loss was USD 22.95 million compared to USD 47.26 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to USD 0.49 a year ago.
For the nine months, sales was USD 63.2 million compared to USD 125.47 million a year ago. Revenue was USD 405.93 million compared to USD 443.84 million a year ago. Net loss was USD 146.78 million compared to USD 157.84 million a year ago. Basic loss per share from continuing operations was USD 1.45 compared to USD 1.66 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. 
