1stDibs Reports Fourth Quarter and Full Year 2023 Financial Results
1stdibs.com, Inc. (DIBS)
Company Research
Source: GlobeNewswire
NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- 1stdibs.com, Inc. (NASDAQ: DIBS), a leading online marketplace for luxury design products ("1stDibs" or the "Company"), today reported financial results for its fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Net revenue was $20.9 million, a decrease of 9% year-over-year.Gross profit was $15.0 million, a decrease of 8% year-over-year.Gross margin was 71.5%, compared to 70.5% in the fourth quarter 2022.GAAP net loss was $2.9 million compared to a net loss of $6.9 million in the fourth quarter 2022.Non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $(1.7) million and (8.1)%, respectively, compared to $(4.5) million and (19.5)%, respectively, in the fourth quarter 2022.Cash, cash equivalents and short-term investments totaled $139.3 million as of December 31, 2023. Full Year 2023 Financial Highlights Net revenue was $84.7 million, a decrease of 13% year-over-year.Gross profit was $59.
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DIBS
Earnings
- 2/28/24 - Beat
DIBS
Sec Filings
- 4/17/24 - Form 4
- 4/10/24 - Form 4
- 4/8/24 - Form 4
- DIBS's page on the SEC website