Shares of ThredUp (TDUP) were higher Tuesday morning after the online consignment company reported preliminary Q4 revenue that exceeded previously announced guidance.
For its ongoing US operations, the company reported preliminary Q4 revenue of $66.7 million to $67.2 million, compared with previous guidance of $58 million to $60 million. Analysts polled by FactSet expect Q4 revenue of $76.7 million.
The company said it expects Q4 gross margin of 80.2% to 80.4%, also above a prior outlook of 78.5% to 79.5%.
ThredUP also reported a preliminary Q4 net loss of $18.5 million to $18.9 million. Previous guidance was not provided.
Analysts surveyed by FactSet expect a Q4 net loss of $14.3 million.
Price: 2.07, Change: +0.77, Percent Change: +59.23
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