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Thursday, May 19, 2022

Poshmark, Inc. (POSH) stock declined in the After-hours market; here is why?

Poshmark, Inc. (POSH) stock declined in the after-hours market after announcing its fourth quarter and fiscal 2021 results. The POSH stock price is $12.46, losing more than 10% compared to yesterday’s closing price. The POSH stock closed at $13.83 at the end of the last trading session. POSH stock volume traded in the previous trading session was around 907.50K shares. The current market cap of the company is about $965.62 million.

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POSH: Q4 and Fiscal 2021 Key Financials

  • POSH’s GMV in Q$ is $490.8 million, representing around 27% Y-o-Y. Last year in Q4, GMV was $387.9 million.
  • Fiscal 2021 GMV is $1.8 billion, reflecting an increase of 27% Y-o-Y from GMV of $1.4 billion in 2020.
  • Poshmark, Inc.’s revenue in Q4 2021 was $84.2 million. It is an increase of more than 22% compared to the revenue of $69.2 million in Q4 2020.
  • Fiscal 2021 revenue was $326 million, 25% more than the revenue of $261.6 million in fiscal 2020.
  • The company’s net loss in Q4 2021 was around $14.7 million, more than compared to the net loss of $3.2 million in Q4 2020.
  • POSH net loss in fiscal 2021 was around $98.3 million, and profitability declined massively compared to the net income of $18.8 million in fiscal 2020.
  • The Q4 2021 basic loss per share was $0.19, compared to a net loss of $0.25 in Q4 2020.
  • For fiscal 2021, the basic loss per share was $1.35, compared to earnings per share of $0.48 in fiscal 2020.

POSH: Major Events in Q4

  • Poshmark, Inc. (POSH) acquired Suede One. It uses machine learning, computer vision, and human expert evaluation to validate sneakers digitally.
  • POSH introduced Brand Closets. To reach its active community of more than 80 million registered users, prominent brands may now create a closet on Poshmark and take advantage of a new sales channel that is changing the way people purchase.
  • In November, the business debuted its Electronics segment. The increase in new buyers and sellers is encouraging.
  • POSH released two CRM programs for our Sellers in Q4: “My Shoppers” and “Closet Insights.”

POSH: Q1 2022 Guidance

Poshmark, Inc. (POSH) anticipated sales in the range of $86 million to $88 million for the first quarter of 2022. According to their estimates, an adjusted EBITDA of between ($7) million and ($9) million is expected.


Poshmark, Inc. (POSH) is currently expanding and looking forward to increasing its market share. That is why revenue is increasing, but profitability is not that fruitful. Profitably is the second phase of such strategies. Companies use such strategies when they are expanding.

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