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Second Quarter 2022 Financial Highlights
- Revenue in the second quarter of 2022 was $85.0 million, an increase of 13% year over year. - Active buyers as of June 30, 2022 grew to 4.2 million, compared to 4.0 million as of June 30, 2021 - Spend per buyer as of June 30, 2022 reached $259, compared to $226 as of June 30, 2021 - GAAP gross margin in the second quarter of 2022 was 79.4%, a decrease of 400 basis points from 83.4% in the second quarter of 2021. - GAAP net loss in the second quarter of 2022 was ($41.9) million, or ($1.13) basic and diluted net loss per share, compared to ($13.3) million, or ($0.37) basic and diluted net loss per share, in the second quarter of 2021. - Non-GAAP net income1 in the second quarter of 2022 was $4.9 million, or $0.13 basic net income per share and $0.12 diluted non-GAAP net income per share, compared to $0.22 basic net income per share and $0.19 diluted non-GAAP net income per share, in the second quarter of 2021. - Adjusted EBITDA1 in the second quarter of 2022 was $4.6 million, compared to $7.4 million in the second quarter of 2021. Adjusted EBITDA margin1 was 5.4% in the second quarter of 2022, compared to 9.8% in the second quarter of 2021. |