The RealReal's net loss continues
What: After reporting their fourth quarter earnings The RealReal is not expected to be profitable until the end of 2024.
Why is it important: The company has reported that the net loss for the company has increased to USD 236 million compared to last year which was USD 176 million. As resale marketplaces are an interesting circular business model to watch, it seems that profitability in such a business model takes time.
The RealReal did see some improvements with an increase in gross merchandise value with a total USD 437 million and net of sales by 50% reaching a total of USD 1.48 billion.
The RealReal claims that regardless of these claims they will have a healthy and strong upcoming year for 2022.
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