Thredup (TDUP) expects revenue growth by 25 %

Threadup Inc. (Nasdaq:TdypHe is one of You must buy small stocks that can be invested in. On August 4, the company achieved solid results in the second quarter, driven by the growth of strong customers and growth. In revenues in the quarter increased by 16 % year on an annual basis to 77.7 million dollars, as total profits increased by 17 % to $ 61.7 million, and the total margin was expanded to 79.5 % of 78.8 % in the second quarter of last year.

A woman wearing intelligent clothes browsing a selection of designer clothes in a high -end retail store.

The strong growth in revenue was driven by an increase of 17 % in active buyers to 1.47 million and 21 % in requests purchased to 1.54 million. The loss from the ongoing operations has shrunk to $ 5.2 million compared to a loss of $ 9.4 million in the second quarter of last year. The best results are expected with Thredup continuing to take advantage of the artificial intelligence investments that lead the buyer and the seller.

Thredup expects growth in the second quarter in the third quarter. Therefore, you expect revenue to range between $ 76 million and $ 78 million, and it represents an increase of 25 % on an annual basis. The total margin is expected to range between 77 % and 79 %.

Threadup Inc. (NASDAQ: TDUP) is a shipment store and a specialist in buying and selling women and children used, shoes and accessories. It also provides a “resale as a service” platform that allows brands and retailers to integrate re -sale into their business.

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Detection: Nothing. This article was originally published in A monkey from the inside.