![]() We closed out 2022 with a strong quarter, generating revenue of $71 million, excluding a $2 million catch-up benefit related to annualized gift card breakage, which Sean will address in further detail later in the call, we achieved $69 million in quarterly revenue, far exceeding our own internal expectations. We'll close out today's call with a question-and-answer session. I will then hand it over to Sean Sobers, our Chief Financial Officer, to talk through our fourth quarter 2022 and fiscal year 2022 financials in more detail and to provide our outlook for the first quarter and fiscal year '23. In addition to the financial results, we'll also share our commentary on the consumer environment, strategic focus areas of the company and our continued progress towards profitability. Thank you for joining Thread's Fourth Quarter 2022 and Fiscal Year 2022 Earnings Call.Īs we head into a new fiscal year, we're pleased to share thredUP financial results and key business highlights from our fourth quarter. I'm James Reinhart, CEO and Co-Founder of Threat up. Now I'd like to turn the call over to James Reinhart. You can find additional disclosures regarding these non-GAAP measures, including reconciliations and comparable GAAP measures in our earnings release and supplemental information posted on our IR website. ![]() These non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from GAAP measures. In addition, during the call, we will present certain non-GAAP financial measures. You can find more information about these risks, uncertainties and other factors that could affect our operating results in our SEC filings, earnings press release and supplemental information posted on our IR website.Īny forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events. Words such as anticipate, believe, estimate and expect as well as similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, involve known and unknown risks and uncertainties, and our actual results could differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. This call is being webcast on our IR website, and a replay of this call will be available on the site shortly.īefore we begin, I'd like to remind you that we will make forward-looking statements during the course of this call, including, but not limited to, statements regarding our earnings guidance for the first fiscal quarter and full year of 2023, future financial performance, market demand, growth prospects, business strategies and plans, our ability to attract new buyers and the effects of inflation, increased interest rates, changing consumer habits and general global economic uncertainty. We posted our press release and supplemental financial information on our Investor Relations website at ir.st.com. With me are James Reinhart, thredUP CEO and Co-Founder and Sean Silber, CFO. Good afternoon, and thank you for joining us on today's conference call to discuss Truata's Fourth quarter and full year 2022 financial results. I would now like to turn the call over to Lauren Frasch, Head of Investor Relations. If at any time during this call, you require media - this call is being recorded on Monday, March 6, 2023. Following the presentation, we will conduct a question-and-answer session. At this time, all lines are in listen-only mode. Good afternoon, ladies and gentlemen, and welcome to the thredUP Q4 2022 Earnings Conference Call. ![]() Trevor Vincent Young VP Barclays Bank PLC, Research Division Tom Nikic Research Analyst Wedbush Securities Inc., Research Division Rakesh Babarbhai Patel MD & Research Analyst Raymond James & Associates, Inc., Research Division Andreeva Senior Analyst Needham & Company, LLC, Research Divisionĭana Lauren Telsey CEO & Chief Research Officer Telsey Advisory Group LLCĭylan Douglas Carden Analyst William Blair & Company L.L.C., Research DivisionĮdward James Yruma MD & Senior Research Analyst Piper Sandler & Co., Research Division Lauren Marie Frasch Senior Director of IR & Strategic Finance ThredUp Inc.Īlexandra Christine Kasper Steiger Research Analyst Goldman Sachs Group, Inc., Research DivisionĪnna A. Reinhart Co-Founder, CEO & Director ThredUp Inc.
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