The RealReal Announces Second Quarter 2020 Results
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The RealReal Inc. (REAL) Misses Q2 EPS by 6c, Revenues Beat
August 6, 2020 5:38 PM EDTThe RealReal Inc. (NASDAQ: REAL) reported Q2 EPS of ($0.42), $0.06 worse than the analyst estimate of ($0.36). Revenue for the quarter came in at $57.4 million versus the consensus estimate of $52.21 million.
Second Quarter Financial Highlights
Gross Merchandise Volume (GMV) was $182.8 million, a decrease of 20% year over year.Total Revenue was $57.4 million, a decrease of 21% year over year.Consignment and Service Revenue was $46.9 million, a decrease of 22% year over year.Gross Profit was $35.8 million, a decrease of 22% year over year.Net Loss was ($42.9) million.Adjusted EBITDA was ($31.8) million or... More