The RealReal Inc. (NASDAQ:REAL) posted lower than expected losses in its debut quarterly report, boosting REAL stock 7.2% during late trading Thursday.
The RealReal Inc is an online and bricks-and-mortar retailer of second-hand luxury goods that went public in June. The company reported that revenue rose by 51% to $71 million USD, narrowly beating analyst expectations of $70.1 million USD. However, the company still posted a net loss, although slightly narrower than expected. Investors greeted the news with positivity as REAL stock recovered from its lowest point on Wednesday since its IPO of $14.28.
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