ThredUp slides 27% after another unprofitable quarter [Seeking Alpha]
ThredUp Inc. - Class A (TDUP)
Company Research
Source: Seeking Alpha
Revenue rose 14.2% to $81.4M during the quarter to top expectations, but another unprofitable quarter stood out to investors. The retailer noted that it recently debuted an AI-powered search experience that makes it easy and intuitive to find secondhand items in its marketplace. The company also said it has begun to leverage generative AI that will soon give customers the ability to create outfits they love and are strategically implementing AI across operations in its distribution center network to enhance inventory management and processing. "Looking ahead, we are confident that by focusing on strategic growth drivers in the U.S. and applying our proven resale playbook in Europe, we can deliver adjusted EBITDA breakeven on an annual basis in 2024," noted CEO James Reinhart. Shares of ThredUp ( TDUP ) dropped at the open and swapped hands at a new 52-week low of $1.69. Recommended For You Recommended For You About TDUP Stock Related Stocks Trending Analysis Trendin
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TDUP
Earnings
- 3/4/24 - Miss
TDUP
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- TDUP's page on the SEC website