The Realreal, Inc. Announces Earnings Results for the Third Quarter Ended September 30, 2020
November 09, 2020 at 04:41 pm EST
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The RealReal, Inc. announced earnings results for the third quarter ended September 30, 2020. For the quarter, the company reported total revenue of $78.1 million, 4% decrease compared to a year ago. Gross Profit was $49.8 million, 5% decrease compared to a year ago. Net Loss was $43.3 million. GAAP basic and diluted net loss per share was $0.49.
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. 
