The RealReal, Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2021
May 10, 2021 at 04:51 pm EDT
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The RealReal, Inc. reported unaudited earnings results for the first quarter ended March 31, 2021. For the quarter, total revenue was $98,817,000 against $78,028,000 a year ago. Loss from operations was $52,773,000 against $39,777,000 a year ago. Net loss attributable to common stockholders was $55,993,000 against $38,503,000 a year ago. Net loss per share attributable to common stockholders - basic and diluted was $0.62 against $0.44 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.