The RealReal Inc. is gaining some real resale momentum momentum — and testing out more categories — but still working on driving profits.
The RealReal Inc. is gaining some real resale momentum momentum — and testing out more categories — but still working on driving profits.
But even without the charge, net losses widened by more than $16 million from the $42.9 million logged a year ago. Adjusted losses of 50 cents a share came in a little worse than the 47 cent deficit Wall Street analyst had penciled in. GMV in the quarter marked a 91 percent increase from a year earlier and 53 percent rise from the sale period in 2019. While the business is coming back to life after last year’s lockdowns, it’s clear the company is still growing and changing rapidly.
“It’s early, early days, so we’re not going to make any predictions, but we are going into the collectibles in particular, there were large categories in the outdoor [space],” Wainwright said. “We think of ourselves as a luxury lifestyle business. Our consignors were asking us to get into these categories. We researched it for a while, it sounds like it was actually going to be a net add to us. So we just started that in almost the third week of July. So it’s very, very new for us.
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