1stDibs Reports Second Quarter 2024 Financial Results
1stdibs.com, Inc. (DIBS)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--1stdibs.com, Inc. (NASDAQ: DIBS), a leading online marketplace for luxury design products ("1stDibs" or the "Company"), today reported financial results for its second quarter ended June 30, 2024.Second Quarter 2024 Financial HighlightsNet revenue was $22.2 million, an increase of 6% year-over-year.Gross profit was $15.9 million, an increase of 9% year-over-year.Gross margin was 71.7%, compared to 69.8% in the second quarter 2023.GAAP net loss was $4.4 million compared to a net loss of $8.3 million in the second quarter 2023.Non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $(1.6) million and (7.1)%, respectively, compared to $(4.6) million and (21.9)%, respectively, in the second quarter 2023.Cash, cash equivalents and short-term investments totaled $110.6 million as of June 30, 2024.“We are thrilled to report a return to GMV and revenue growth, marking a significant turning point for the business,” said David Rosenblatt, 1stDibs Chief Executive O
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DIBS
Earnings
- 11/8/24 - Miss
DIBS
Sec Filings
- 11/14/24 - Form SCHEDULE
- 11/8/24 - Form 10-Q
- 11/8/24 - Form 8-K
- DIBS's page on the SEC website