Pay Attention To The Growth Of Us Second-Hand E-Commerce Poshmark

It was reported on May 16 that poshmark, an online trading platform for second-hand goods, which is known as the "idle fish" in the United States, announced its financial results for the first quarter ending March 31, 2022.

The company's revenue in the first quarter of 2022 was $90.9 million, up 13% from $80.7 million in the same period of 2021, according to the data. Total commodity value (Gmv) increased 12% from the first quarter of 2021 to $493.4 million, up from $441 million in the same period last year. Adjusted EBITDA was $4.7 million, down from $4.8 million in the first quarter of 2021.

Poshmark's adjusted EBITDA for the quarter was $4.7 million, down from $4.8 million in the same period last year. GAAP operating profit was $14.4 million in the quarter, down from $20.1 million in the same period last year. Based on US GAAP, the loss per share was $0.18, down from $1.18 in the same period last year.

In the 12 months to March 31, 2022, poshmark users' social interaction increased by 59% year-on-year, reaching a record 50.7 billion times.

In the past 12 months, poshmark's active buyers reached a record 7.8 million, up 16% from 6.7 million in the first quarter of 2021.

Poshmark's non GAAP earnings (excluding stock based compensation) for the quarter were $5.7 million, compared with $4 million in the first quarter of 2021. The company had cash equivalents of $96.531 million as at 2026.31 million. For the three months ended March 31, 2021, free cash flow was $13.9 million, compared with $19.8 million in the same period last year.

Looking forward to the second quarter of 2022, poshmark expects revenue ranging from $86 million to $88 million; The adjusted EBITDA ranges from $9 million to $11 million.