1stdibs

1stDibs Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024
1stdibs, The Company, Growth, GAAP, GMV, Adjustment, Investment, Video game

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.

Key Points: 
  • 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.
  • 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.

1stDibs Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023
Adjustment, EBITDA, 1stdibs, GMV, GAAP, Investment, The Company, Clothing, Lease

NEW YORK, Nov. 08, 2023 (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 third quarter ended September 30, 2023.

Key Points: 
  • NEW YORK, Nov. 08, 2023 (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 third quarter ended September 30, 2023.
  • Non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $(1.8) million and (8.7)%, respectively, compared to $(5.5) million and (24.0)%, respectively, in the third quarter 2022.
  • In August 2023, 1stDibs' Board of Directors approved a new stock repurchase program authorizing the Company to repurchase up to $20.0 million of its common stock.
  • The Company’s fourth quarter 2023 guidance is below.

1stDibs Reports Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 9, 2023
Workforce, Sale, GAAP, The Company, Investment, 1stdibs, Growth, Design management, Adjustment, GMV, Drug, Lithium

NEW YORK, Aug. 09, 2023 (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 second quarter ended June 30, 2023.

Key Points: 
  • NEW YORK, Aug. 09, 2023 (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 second quarter ended June 30, 2023.
  • Gross margin was 69.8%, compared to 67.6% in the second quarter 2022.
  • GAAP net loss was $8.3 million compared to a net loss of $0.3 million in the second quarter 2022, which included a $9.7 million gain on the Sale of Design Manager.
  • Non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $(4.6) million and (21.9)%, respectively, compared to $(6.1) million and (24.7)%, respectively, in the second quarter 2022.

1stDibs Reports First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, May 10, 2023
1stdibs, Adjustment, The Company, GAAP, Environment, Investment, GMV, Cryptocurrency

NEW YORK, May 10, 2023 (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 first quarter ended March 31, 2023.

Key Points: 
  • NEW YORK, May 10, 2023 (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 first quarter ended March 31, 2023.
  • GAAP net loss was $8.1 million compared to a net loss of $6.4 million in the first quarter 2022.
  • Tom Etergino, Chief Financial Officer of 1stDibs said, “We were successful in delivering first quarter results at or above the midpoint of our guidance despite continued macroeconomic challenges.
  • The Company’s second quarter 2023 guidance is below.

1stDibs Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Wednesday, March 1, 2023
EBITDA, GMV, The Company, Workforce, GAAP, Investment, Environment, Design, 1stdibs, Sale, Adjustment, Video game, Pharmaceutical industry, Health care, Bookkeeping, Cryptocurrency, Auction

NEW YORK, March 01, 2023 (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 full year ended December 31, 2022.

Key Points: 
  • NEW YORK, March 01, 2023 (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 full year ended December 31, 2022.
  • GAAP net loss was $6.9 million compared to a net loss of $8.1 million in the fourth quarter 2021.
  • Non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $(4.5) million and (19.5)%, respectively, compared to $(6.7) million and (25.0)%, respectively, in the fourth quarter 2021.
  • Tom Etergino, Chief Financial Officer of 1stDibs said, “We delivered our second quarter of sequential adjusted EBITDA margin improvement, driven by expense reductions.

1stDibs to Present at the 2022 Raymond James Technology Investors Conference

Retrieved on: 
Monday, November 28, 2022
Jewellery, 1stdibs, Conference, Video game, Fashion, Interior design

NEW YORK, Nov. 28, 2022 (GLOBE NEWSWIRE) -- 1stdibs.com, Inc. (Nasdaq: DIBS), a leading marketplace for extraordinary design, announced today that CEO David Rosenblatt and CFO Tom Etergino will present at the Raymond James Technology Investors Conference on Tuesday, December 6, 2022 at 9:45 a.m. Eastern Time.

Key Points: 
  • NEW YORK, Nov. 28, 2022 (GLOBE NEWSWIRE) -- 1stdibs.com, Inc. (Nasdaq: DIBS), a leading marketplace for extraordinary design, announced today that CEO David Rosenblatt and CFO Tom Etergino will present at the Raymond James Technology Investors Conference on Tuesday, December 6, 2022 at 9:45 a.m. Eastern Time.
  • 1stDibs is a leading online marketplace for connecting design lovers with highly coveted sellers and makers of vintage, antique, and contemporary furniture, home dcor, art, jewelry, watches and fashion.

Open English Continues Board Expansion with Addition of HR Veteran, Brian 'Skip' Schipper

Retrieved on: 
Thursday, November 17, 2022
Growth, Great Places, Student, Cisco Systems, DHI (company), PepsiCo, 1stdibs, Schipper, Dice.com, Human resources, Business, HR, Microsoft, EVP, Management, Open English, Groupon, Yext

This announcement follows the addition of three board members in May, emphasizing Open English's continued growth and commitment to student success.

Key Points: 
  • This announcement follows the addition of three board members in May, emphasizing Open English's continued growth and commitment to student success.
  • "Open English has proven that it has the power to transform lives by creating opportunities for professional and personal growth through language fluency," said Schipper.
  • "Adding Brian Schipper to our board of directors is yet another exciting and important milestone for Open English,'' commented Andrs Moreno, founder, chairman of the board and chief executive officer (CEO) of Open English.
  • Open English offers customized learning solutions for businesses (Open English for Business), children (Open English Junior), and digital skills development (NextU).

1stDibs to Present at the 2022 Evercore ISI 2nd Annual Technology Conference

Retrieved on: 
Wednesday, August 24, 2022
Conference, Eastern Time Zone, CEO, Technology, GLOBE, Jewellery, Nasdaq, Evercore, 1stdibs, Video game, Fashion

NEW YORK, Aug. 24, 2022 (GLOBE NEWSWIRE) -- 1stdibs.com, Inc. (Nasdaq: DIBS), a leading marketplace for extraordinary design, announced today that CEO David Rosenblatt and CFO Tom Etergino will present at the Evercore ISI 2nd Annual Technology Conference on Wednesday, September 7, 2022 at 12:00pm Eastern Time.

Key Points: 
  • NEW YORK, Aug. 24, 2022 (GLOBE NEWSWIRE) -- 1stdibs.com, Inc. (Nasdaq: DIBS), a leading marketplace for extraordinary design, announced today that CEO David Rosenblatt and CFO Tom Etergino will present at the Evercore ISI 2nd Annual Technology Conference on Wednesday, September 7, 2022 at 12:00pm Eastern Time.
  • 1stDibs is a leading online marketplace for connecting design lovers with highly coveted sellers and makers of vintage, antique, and contemporary furniture, home dcor, art, jewelry, watches and fashion.

Performant Capital Acquires Design Manager From 1stDibs

Retrieved on: 
Wednesday, June 29, 2022
Efficiency, CEO, Capital, GLOBE, 1stdibs, Industry, Design management, IBM Application Performance Management, Software as a service, Investment, Jewellery, Technology, Software, Nasdaq, Design, Interior design

CHICAGO, June 29, 2022 (GLOBE NEWSWIRE) -- Performant Capital, a Chicago-based private equity firm focused on investments in technology-driven companies, announced today that it has acquired Design Manager from 1stDibs (Nasdaq: DIBS), a leading marketplace for extraordinary design.

Key Points: 
  • CHICAGO, June 29, 2022 (GLOBE NEWSWIRE) -- Performant Capital, a Chicago-based private equity firm focused on investments in technology-driven companies, announced today that it has acquired Design Manager from 1stDibs (Nasdaq: DIBS), a leading marketplace for extraordinary design.
  • Founded in 1984, Design Manager has been serving top interior design firms for more than 40 years.
  • The Design Manager product offers a feature set that is uniquely suited to improve efficiency and increase profitability for interior design firms.
  • Performant continues to look for best-in-class software platforms in the interior design space that would expand the Design Manager offering.

1stDibs to Participate in Upcoming Investor Conference

Retrieved on: 
Tuesday, May 31, 2022
1stdibs, Conference, Jewellery, Nasdaq, CEO, GLOBE, Video game, Fashion, Retail

NEW YORK, May 31, 2022 (GLOBE NEWSWIRE) -- 1stdibs.com, Inc. (Nasdaq: DIBS), a leading online marketplace for luxury design products, announced today that CEO David Rosenblatt and CFO Tom Etergino will present at the William Blair 42nd Annual Growth Stock Conference on Monday, June 6th at 1:40pm ET.

Key Points: 
  • NEW YORK, May 31, 2022 (GLOBE NEWSWIRE) -- 1stdibs.com, Inc. (Nasdaq: DIBS), a leading online marketplace for luxury design products, announced today that CEO David Rosenblatt and CFO Tom Etergino will present at the William Blair 42nd Annual Growth Stock Conference on Monday, June 6th at 1:40pm ET.
  • 1stDibs is a leading online marketplace for connecting design lovers with highly coveted sellers and makers of vintage, antique, and contemporary furniture, home dcor, art, jewelry, watches and fashion.