REAL Stock Recent News

The last decade was a boom period for technology startups, with some analysts comparing it with the dot com bubble. Buoyed by low-interest rates, venture capital firms invested in thousands of companies.

SAN FRANCISCO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- The RealReal  (Nasdaq: REAL)—the world's largest online marketplace for authenticated, resale luxury goods—today announced that it will release its financial results for the third quarter ended September 30, 2023 after the market closes on November 7, 2023.

The RealReal shares tumbled on Friday on the news its finance chief Robert Julian will be stepping down from his role as the company attempts to return to profitability by focusing on the higher-margin portion of its consignment business. Shares of the luxury resale store fell more than 10% before paring its losses to trade down about 3.6% at US$2.16 in the early afternoon.

CFO Robert Julian said he will resign by January if no replacement is found. CFO resignations are sometimes seen as red flags for struggling companies.

For millions, shopping thrift has become second nature. And this demand is altering what secondhand represents to many, as prices climb and outlets become saturated.

The RealReal has deferred tax assets valued at $291.8 million, surpassing its market capitalization of $260 million. The company's financial health and operational efficiency, including diversified revenue streams and strong cash position, make it an attractive investment. REAL's potential for M&A activity, leveraging its DTAs and ongoing restructuring efforts, could unlock significant value and make it a compelling target for acquirers.

Secondhand marketplace TheRealReal delivered better profitability than expected. Management has made significant changes to the company's cost structure that sets up a brighter future.

The RealReal, Inc. (NASDAQ:REAL ) Q2 2023 Earnings Conference Call August 8, 2023 5:30 PM ET Company Participants Caitlin Howe - Senior Vice President of Investor Relations John Koryl - Chief Executive Officer Rati Levesque - President & Chief Operating Officer Robert Julian - Chief Financial Officer Conference Call Participants Jason Napier - UBS Rick Patel - Raymond James Ike Boruchow - Wells Fargo Anna Andreeva - Needham Austin Ferner - Wedbush Securities Marvin Fong - BTIG Nathaniel Feather - Morgan Stanley Edward Yruma - Piper Sandler Mark Altschwager - Baird Operator Hello and thank you for standing by. Welcome to The RealReal's Second Quarter 2023 Earnings Conference Call.

The headline numbers for The RealReal (REAL) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

The RealReal (REAL) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.36. This compares to loss of $0.40 per share a year ago.