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Poshmark Inc (POSH)

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17.82 -0.01    -0.04%
15:00:25 - Real-time Cboe. Currency in USD ( Disclaimer )
Type:  Equity
Market:  United States
  • Volume: 571,869
  • Bid/Ask: 0.00 / 0.00
  • Day's Range: 17.80 - 17.83
Poshmark 17.82 -0.01 -0.04%

POSH Financial Summary

 
A brief financial summary of Poshmark Inc as well as the most significant critical numbers from each of its financial reports. In addition, some financial ratios derived from these reports are featured. Users can opt to see 4 periods of either annual or quarterly information.

Poshmark, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 88.43 million compared to USD 79.46 million a year ago. Net loss was USD 23.54 million compared to USD 6.86 million a year ago. Basic loss per share from continuing operations was USD 300 compared to USD 90 a year ago. Diluted loss per share from continuing operations was USD 0.3 compared to USD 0.09 a year ago.For the nine months, sales was USD 268.43 million compared to USD 241.81 million a year ago. Net loss was USD 60.44 million compared to USD 83.55 million a year ago. Basic loss per share from continuing operations was USD 770 compared to USD 1,170 a year ago. Diluted loss per share from continuing operations was USD 0.77 compared to USD 1.17 a year ago.

AnnualQuarterly  
InvestingPro Advanced Financial Summary
TTM = Trailing Twelve Months
MRQ = Most Recent Quarter

POSH Income Statement

Gross margin TTM 83.28%
Operating margin TTM -21.73%
Net Profit margin TTM -21.33%
Return on Investment TTM -15.8%
 Total Revenue  Net Income
Period Ending: Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021
Total Revenue 88.43 89.1 90.9
Gross Profit 73.51 74.13 75.87
Operating Income -24.28 -22.91 -14.44
Net Income -23.54 -22.88 -14.02

POSH Balance Sheet

Quick Ratio MRQ 2.69
Current Ratio MRQ 2.72
LT Debt to Equity MRQ -
Total Debt to Equity MRQ 2.64%
 Total Assets  Total Liabilities
Period Ending: Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021
Total Assets 619.6 614.99 634.11 608.67
Total Liabilities 223.75 210.26 220.52 191.05
Total Equity 395.85 404.72 413.59 417.62

POSH Cash Flow Statement

Cash Flow/Share TTM -
Revenue/Share TTM -
Operating Cash Flow  3.25%
 Cash  Net Change in Cash
Period Ending: Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021
Period Length: 0 Months 0 Months 0 Months 0 Months
Cash From Operating Activities 7.13 -16.85 14.15
Cash From Investing Activities -0.534 -0.513 -0.264
Cash From Financing Activities 0.517 1.43 1.28
Net Change in Cash 7.66 -15.46 15.08
* In Millions of USD (except for per share items)
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POSH Comments

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Darcy Santala
Darcy Santala May 12, 2022 4:52PM ET
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$7.65 cash on hand per share....if this doesn't pop, it's going to be an acquisition target 😬.
steve rosenberg
steve rosenberg May 12, 2022 4:52PM ET
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bingo
Darcy Santala
Darcy Santala May 11, 2022 3:04PM ET
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This is well under 3x sales...smh....
Hilvin Ou
Hilvin Ou Nov 18, 2021 11:49AM ET
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CFO Amazon is now CFO POSHMARK - good sign
Wassel Msehli
Wassel Msehli Nov 12, 2021 5:50AM ET
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Poshmark CEO said they willingly reduced ad spending to assess the apple privacy changes, that is what impacted their sales in comparison with other secondhand retailers.They resumed ad spending in october and started seeing positive results, according to CEO
Hilvin Ou
Hilvin Ou Nov 11, 2021 12:30PM ET
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Analyst downgraded POSH PT due to the very disappointing Q3 Earning caused by AAPL regulation changed. But Analysts said they are not throwing the towel yet because they wpuld like to see the future growth after establishing BRAND closet programs. What do you think? I thought the same too. I will continue to buy in more to hedge down cost till March 2022 and see what Manish the CEO could do. Hope POSH will not disappointing us again.
Hilvin Ou
Hilvin Ou Nov 11, 2021 12:26PM ET
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"The results and outlook are disappointing for a high-growth company that willrely mainly on sales upside for a re-rating, and is occurring at a time when there is exceptional consumer demand industry-wide, and while other retailers have delivered strong upside," MKM said. "While we had viewed 4Q as a unique opportunity for Poshmark to capitalize on the supply chain constraints faced by the majority of the retail industry, 4Q guidance doesn't assume a bullish outcome, and is below our prior view of sales and EBITDA." Poshmark is guiding for fourth-quarter revenue in the range of $80 million to $82 million. The FactSet consensus is for sales of $81.5 million. Also: ThredUp is lowering prices to attract customers who are paying more for other goods due to inflation "We can't mince words: Poshmark's Q3 print was very disappointing," wrote Wedbush analysts. Still, the research group maintained its outperform stock rating. Analysts cut their price target to $23 from $32. "We're
Hilvin Ou
Hilvin Ou Nov 11, 2021 12:05PM ET
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I buy more
Wassel Msehli
Wassel Msehli Nov 10, 2021 1:53PM ET
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buying opprtunity, won't last for long
Leroy Mad
LeroyMad Nov 10, 2021 9:36AM ET
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Sold this last night with loss, glad now
Vlas Dacian
Vlas Dacian Nov 10, 2021 7:53AM ET
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Crash to around 12 $ this week
 
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