ThredUp continues to lure new shoppers to its resale platform, but has yet to crack the code on how to make it a profitable business.
Another indication of upward momentum is ThredUp’s active buyers, which increased 33 percent to 1.7 million during the quarter, and orders, which grew 45 percent to 1.6 million, year-over-year.
“There is much we cannot control in this environment,” he said on the call. “And there are just a multiple of disruptive factors at play, squeezing consumers in a number of ways. But we view these issues as transitory.”through the end of the year. The firm is anticipating its current quarter revenues to be between $75 million and $77 million, with adjusted EBITDA margin loss in the range of 19 percent and 17 percent. For the full fiscal year, the company expects revenues to be between $315 million and $325 million, with an adjusted EBITDA margin loss in the range of 16 percent and 14 percent. platform ended the quarter with $68.5 million in cash and cash equivalents and $25.6 million in long-term debt. went public in March 2021.
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