RealReal Q2 Revenue Misses Consensus, Loss Widens - RealReal (NASDAQ:REAL)

RealReal Inc (NASDAQ:REAL) reported second-quarter FY21 revenue growth of 82.8% year-on-year, to $104.91 million, missing the analyst consensus of $107.25 million.
Consignment and service revenue rose 76.3% Y/Y, and Direct revenue increased 113.4%.
The gross merchandise volume (GMV) increased 91% Y/Y to $350 million, with 84.5% of GMV from repeat buyers.
Gross profit rose 78% Y/Y to $63.4 million with a profit margin of 60.4%. Gross profit per order improved 10.6% Q/Q to $94.
The loss from operations widened to $(64.8) million. Adjusted EBITDA was ($32.9) million.
The company held $491.6 million in cash and equivalents as of June 3, 2021.
Adjusted loss per share of $(0.50) missed the analyst consensus of $(0.47).
Price action: REAL shares closed lower by 0.73% at $16.23 on Monday.

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