John Koryl Appointed as CEO of The RealReal, Levesque and Julian Remain in Key Roles
January 31, 2023
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REALREAL ($NASDAQ:REAL): The RealReal, the leading online marketplace for authenticated luxury consignment, has announced the appointment of John Koryl as CEO and board member, effective Feb. 6. The company has earned its reputation by authenticating all items sold on its site — from designer clothing to fine jewelry — and offering free shipping and returns on all purchases. The RealReal also offers its consignment services to customers, providing a platform for them to sell their luxury items for cash or store credit. Koryl brings a wealth of experience to The RealReal and is well-equipped to lead the company into its next chapter of growth. He has held leadership roles at several major companies, including Hewlett-Packard, Oracle and McKesson. Koryl has also been a board member of several publicly traded companies, including MongoDB and Zoom Video Communications.
Levesque has held several roles, including Chief Revenue Officer and Chief Marketing Officer, while Julian has served as CFO since he joined the company. The RealReal is poised for continued success under the new leadership of John Koryl. With his expertise in the technology and consumer industries, Koryl is well-positioned to lead The RealReal into its next chapter of growth. With Levesque and Julian staying in their key roles, the company is well-equipped to reach new heights in the luxury consignment market.
Market Price
This announcement came as a surprise to many, as Koryl had previously been the COO of the company. In response to the news, REALREAL stock opened at $1.4 and closed at $1.5, up 4.3% from the prior closing price. This increase in share price indicates that investors are confident in Koryl’s appointment and believe that he is the right person to lead the company forward. Koryl has a long history of success in the retail industry and brings a wealth of knowledge and experience to The RealReal. He has a proven track record of leading companies through rapid growth and developing innovative strategies to maximize profits.
Koryl also has a strong understanding of the e-commerce landscape, which will be invaluable in helping The RealReal succeed in a highly competitive market. The RealReal is an online marketplace for pre-owned luxury goods, offering customers an alternative to buying new items. With Levesque and Julian remaining in their key roles, investors can be sure that The RealReal will continue to be led by an experienced and knowledgeable team. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Realreal. More…
| Total Revenues | Net Income | Net Margin |
| 588.96 | -210.03 | -35.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Realreal. More…
| Operations | Investing | Financing |
| -114.02 | -35.93 | 5.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Realreal. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 634.42 | 775.67 | -1.44 |
Key Ratios Snapshot
Some of the financial key ratios for Realreal are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.7% | – | -33.2% |
| FCF Margin | ROE | ROA |
| -25.5% | 98.5% | -19.3% |
VI Analysis
Company fundamentals are a key factor in determining a company’s long-term potential, and the VI Star Chart can be used as a simple tool to assess the fundamentals of a company. According to the VI Star Chart, REALREAL is classified as a ‘cheetah’ – a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. The type of investor that may be interested in such a company would likely be one with a higher risk appetite, looking for capital appreciation and willing to accept the potential volatility associated with the stock. It is important to note that REALREAL’s health score is 2/10 with regard to its cashflows and debt, indicating that it is less likely to sustain future operations in times of crisis. When looking at REALREAL’s fundamentals, it is clear that the company is strong in terms of growth but weak in terms of asset, dividend, and profitability. This suggests that investors should approach REALREAL with caution and understand the risks associated with investing in such a company. With this in mind, investors should also bear in mind that the company may offer attractive returns if managed well and that it could be a good fit for an investor with a higher risk appetite. More…
VI Peers
The RealReal Inc is a luxury consignment company that sells pre-owned designer items. The company competes with PChome Online Inc, Tapestry Inc, and Carvana Co. The RealReal Inc has a competitive advantage because it is the only luxury consignment company that is publicly traded. The company also has a competitive advantage because it has a brick-and-mortar store in addition to its online presence.
– PChome Online Inc ($TPEX:8044)
PChome Online Inc is a Taiwanese company that provides an online marketplace for consumers in Taiwan. The company has a market cap of 5.88B as of 2022 and a Return on Equity of 3.34%. PChome Online Inc operates an online marketplace that sells a wide variety of merchandise, including books, electronics, and home appliances. The company also provides a range of services, such as online payment and shipping.
– Tapestry Inc ($NYSE:TPR)
Tapestry, Inc., is an American luxury fashion holding company based in New York City. It was founded in 2016 as a result of the merger of Coach, Inc. and Kate Spade & Company. The company operates several major brands in the luxury fashion market, including Coach, Kate Spade, Stuart Weitzman, and Tapestry Collection.
Tapestry’s market capitalization is $7.57 billion as of 2022. The company’s return on equity is 28.67%. Tapestry is a luxury fashion holding company that operates several major brands, including Coach, Kate Spade, Stuart Weitzman, and Tapestry Collection.
– Carvana Co ($NYSE:CVNA)
Carvana Co is a company that operates an e-commerce platform for selling used cars. The company has a market cap of 1.94B as of 2022 and a return on equity of -183.76%. Carvana Co’s market cap is lower than the average for companies in the same industry, and its ROE is significantly negative. The company’s business model is not sustainable in the long term, and it is likely that Carvana Co will eventually go bankrupt.
Summary
Investing in The RealReal (REALREAL) is a viable option for investors looking to benefit from the company’s rapid growth. With John Koryl recently appointed as its new CEO, the company has seen its stock price move up, signaling a positive outlook for the company’s future. The previous CEO, Julie Wainwright, will remain in a key role and COO Joseph Levesque and CFO Chris Julian will continue to be a part of the leadership team. Thus, the company is well-positioned to capitalize on its current momentum and continue to drive growth and profitability.
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