KIDPIK Reports Fourth Quarter and Full Year 2023 Financial Results
Kidpik Corp. (PIK)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Kidpik Corp. (“KIDPIK” or the “Company”), an online clothing subscription-based e-commerce company, today reported its financial results for the fourth quarter and fiscal year 2023 ended December 30, 2023.Fourth Quarter 2023 Highlights:Revenue, net: was $3.4 million, a year over year decrease of 28.9%Gross margin: was negative 16.2%, which was the result of a one-time inventory write-down of $2.9 million (without the adjustment gross margin was 69.5%) from 58.9% in the fourth quarter of 2022Shipped items: were 285,000 items, compared to 374,000 shipped items in the fourth quarter of 2022Average shipment keep rate: increased to 66.2%, compared to 65.3% in the fourth quarter of 2022Net Loss: was $4.0 million or $2.14 per shareAdjusted EBITDA: was a loss of $3.9 million (see “Non-GAAP Financial Measures”, below)Full Year 2023 Financial Highlights:Revenue, net: was $14.2 million, a year over year decrease of 13.6%Gross margin: was 42.2%, a year-over-year dec
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News
- KIDPIK Reports Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PIK, CHX, KTRAAccesswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PIK, CHXGlobeNewswire
- KIDPIK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Kidpik Corp. - PIKBusiness Wire
- Shoes For Crews Undergoes Restructuring For Sale Process [Yahoo! Finance]Yahoo! Finance
PIK
Sec Filings
- 4/29/24 - Form 10-K/A
- 4/19/24 - Form 8-K
- 4/10/24 - Form 10-K
- PIK's page on the SEC website