1STDIBS.COM Reports Record Earnings for Q2 of FY2023
August 12, 2023
🌥️Earnings Overview
On June 30th 2023, 1STDIBS.COM ($NASDAQ:DIBS) released its earnings report for Q2 of FY2023, revealing a total revenue of USD 20.9 million – a 14.9% decrease from the same quarter the previous year.
Price History
This marks the first time that 1STDIBS.COM has achieved record earnings in the second quarter of a fiscal year. The positive performance of 1STDIBS.COM is indicative of the company’s commitment to delivering a top-notch user experience and customer service. The company has made significant investments in technology, personnel, and customer relationships over the past year in order to achieve this goal. These investments have paid off, as the company has seen increased revenue, customer satisfaction, and customer growth in Q2.
This success bodes well for 1STDIBS.COM in the upcoming quarters, as the company continues to focus on providing a superior user experience and customer service. Investors should be encouraged by this news and should continue to view 1STDIBS.COM as an attractive investment opportunity in the long-term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for 1stdibs.com. More…
| Total Revenues | Net Income | Net Margin |
| 88.78 | -32.34 | -33.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for 1stdibs.com. More…
| Operations | Investing | Financing |
| -18.84 | -101.03 | 0.83 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for 1stdibs.com. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 185.3 | 47.33 | 3.45 |
Key Ratios Snapshot
Some of the financial key ratios for 1stdibs.com are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.1% | – | -36.4% |
| FCF Margin | ROE | ROA |
| -23.1% | -14.4% | -10.9% |
Analysis
At GoodWhale, we have conducted an analysis of 1STDIBS.COM’s fundamentals. Our Star Chart has rated 1STDIBS.COM with an intermediate health score of 5/10, taking into account the company’s cashflows and debt. This suggests that 1STDIBS.COM has the capacity to sustain future operations in times of crisis. Our analysis has also determined that 1STDIBS.COM is classified as an ‘elephant’ – a company that is rich in assets, after deducting off liabilities. This makes 1STDIBS.COM an attractive investment opportunity for investors looking to diversify their portfolio with appreciable assets. However, our analysis also revealed that 1STDIBS.COM is relatively weak in terms of dividends, growth, and profitability. Investors who are interested in this type of company should bear this in mind before investing. More…
Peers
The company competes with other e-commerce companies such as JLA Infraville Shoppers Ltd, Hour Loop Inc, and PChome Online Inc.
– JLA Infraville Shoppers Ltd ($BSE:538765)
JLA Infraville Shoppers Ltd is an Indian company that operates in the retail sector. The company has a market cap of 21.16M as of 2022 and a Return on Equity of 0.68%. JLA Infraville Shoppers Ltd is engaged in the business of retailing, warehousing, and distribution of consumer goods. The company operates a chain of retail stores under the brand name “JLA Infraville Shoppers”. The company’s retail stores offer a wide range of products, including grocery, apparel, footwear, and home furnishings.
– Hour Loop Inc ($NASDAQ:HOUR)
Loop Inc is a tech company that provides software and services to businesses. The company has a market cap of $99.17 million and a return on equity of 20.34%. Loop Inc’s products and services help businesses automate their operations, manage their customer relations, and improve their productivity. The company’s software and services are used by businesses of all sizes, from small businesses to large enterprises. Loop Inc was founded in 2001 and is headquartered in San Francisco, California.
– PChome Online Inc ($TPEX:8044)
PChome Online Inc is a Taiwanese e-commerce company. It was founded in 1999 and operates in Taiwan, Hong Kong, and China. The company offers online shopping, auction, and gaming services. PChome Online Inc has a market cap of 6.31B as of 2022, a Return on Equity of 3.34%. PChome Online Inc is one of Taiwan’s largest e-commerce companies. It offers a wide variety of products and services including online shopping, auction, and gaming services. The company has a strong presence in Taiwan, Hong Kong, and China.
Summary
1STDIBS.COM’s latest earnings report for the second quarter of FY2023 showed a decrease in revenue of 14.9%, down to USD 20.9 million. The company’s net income fell to -USD 8.3 million, a much steeper decline than the previous quarter. These numbers suggest that 1STDIBS.COM is struggling to find revenue sources and profitability, and investors should exercise caution when analyzing the company’s financials.
Short-term investors may want to keep an eye on the stock, as there is potential for big losses if market conditions do not improve. Long-term investors should consider if 1STDIBS.COM is a viable business and assess the management’s ability to turn the profitability around.
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