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Thredup Inc   (TDUP)
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Price: $2.3600 $0.25 11.848%
Day's High: $2.41 Week Perf: 18 %
Day's Low: $ 2.18 30 Day Perf: 15.97 %
Volume (M): 2,212 52 Wk High: $ 4.39
Volume (M$): $ 5,220 52 Wk Avg: $2.69
Open: $2.18 52 Wk Low: $1.53



 Market Capitalization (Millions $) 250
 Shares Outstanding (Millions) 106
 Employees 1,000
 Revenues (TTM) (Millions $) 311
 Net Income (TTM) (Millions $) -76
 Cash Flow (TTM) (Millions $) 30
 Capital Exp. (TTM) (Millions $) 18

Thredup Inc
ThredUP Inc is an American online thrift store that was founded in 2009 by James Reinhart, Chris Homer, and Oliver Lubin. The company is based in San Francisco, California, and uses an online marketplace to buy and sell secondhand clothing and accessories for women, children, and men. ThredUP is known for providing affordable and sustainable fashion options for shoppers while extending the lifespan of clothing, reducing consumption and waste, and promoting environmental sustainability.

ThredUP is unique in that it offers a variety of services for both sellers and buyers. Sellers can send in their gently used clothes and accessories to ThredUP for appraisal and valuation. The company then offers two options for sellers: to receive payment for their items or to donate them to charity. Buyers, on the other hand, can browse through ThredUP's extensive collection of pre-owned clothing and accessories, often at discounted prices compared to buying new items from a traditional retailer.

ThredUP has partnerships with well-known fashion brands such as Banana Republic, J.Crew, Ann Taylor, and Gap, among others. These partnerships allow ThredUP to offer a wide range of high-quality secondhand clothing to its customers. The company also operates its own private label brand, which offers affordable and sustainable basics and eco-friendly apparel.

ThredUP uses state-of-the-art technology to sort, clean, and categorize the clothing items it receives from sellers. This technology includes an automated clothing inspection system that uses artificial intelligence to classify items by brand, size, and style. The company also offers a eClean Out Kite service to facilitate the seller process by simplifying the steps a seller must take before submitting their items to ThredUP.

ThredUP has experienced significant growth over the past few years, with the company currently valued at over $1 billion US dollars. The company has raised over $300 million in funding from various investors, including Goldman Sachs and Trinity Ventures. ThredUP has also acquired other secondhand clothing and accessory companies such as Remix and Upcycle.

Overall, ThredUP provides a unique and innovative experience for both buyers and sellers looking for a more sustainable and affordable option for fashion. With partnerships with well-known brands, a commitment to environmental sustainability, and cutting-edge technology, ThredUP is poised to be a significant player in the fashion industry for years to come.


   Company Address: 969 Broadway Oakland 94607 CA
   Company Phone Number: 402-5202   Stock Exchange / Ticker: NASDAQ TDUP
   TDUP is expected to report next financial results on March 06, 2024.


   

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Thredup Inc

TDUP Achieves Remarkable Turnaround, Successfully Reduces Deficit in Q3 2023

Thredup Inc, a leading online thrift store, has shown significant improvements in its financial performance during the third quarter of 2023. Compared to the same period last year, the company decreased its loss per share from $-0.24 to $-0.17, indicating a positive trend in its profitability. Furthermore, the company's EPS improved from $-0.18 in the previous reporting period, showcasing its commitment to enhancing its financial position.
One of the key highlights of Thredup Inc's performance is its remarkable revenue growth. The company experienced a rapid increase of 20.137% in revenue, reaching $81.63 million in the third quarter of 2023. This substantial growth is even more impressive when compared to the revenue of $67.95 million generated in the same period a year ago. However, it's worth noting that the revenue slightly decreased by -0.128% from the preceding quarter's figure of $81.73 million.

Thredup Inc

Thredup Inc Surges Forward with Remarkable Revenue Growth in Q2 2023, Setting the Stage for Future Success



Thredup Inc, the leading online consignment and thrift store, recently released its financial results for the time-frame closing June 30, 2023. While some aspects of the report show progress and improvement, other areas present challenges that the company needs to address. In this article, we will examine how these financial results might impact Thredup Inc's future operations and growth prospects.
1. Decline in Loss per Share and Improvement in Income per Share:
Thredup Inc made significant progress in reducing its loss per share, decreasing it from $-0.29 to $-0.18 compared to the previous year. Simultaneously, the company managed to improve its income per share, increasing it from $-0.19. This positive development suggests improved financial stability and efficiency.






 

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