1stDibs Reports Third 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 third quarter ended September 30, 2024.Third Quarter 2024 Financial HighlightsNet revenue was $21.2 million, an increase of 3% year-over-year.Gross profit was $15.0 million, a decrease of 1% year-over-year.Gross margin was 71.0%, compared to 73.3% in the third quarter 2023.GAAP net loss was $5.7 million compared to a net loss of $3.3 million in the third quarter 2023.Non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $(3.0) million and (14.1)%, respectively, compared to $(1.8) million and (8.7)%, respectively, in the third quarter 2023.Cash, cash equivalents and short-term investments totaled $109.4 million as of September 30, 2024."Our third quarter results reflect the progress we are making across key operational metrics, including two consecutive quarters of growth in both revenue and ord
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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