1stdibs.com shareholders approve board members and auditors

NEW YORK - 1stdibs.com, Inc. (NASDAQ:DIBS), the online marketplace for luxury goods currently valued at $88.5 million, announced the results of its Annual Meeting of Stockholders held on May 8, 2025, according to a recent SEC filing. Despite trading near its 52-week low, InvestingPro analysis suggests the stock is undervalued, with impressive gross margins of 72%. The company’s stockholders voted on two key proposals, both of which received approval.

The first proposal involved the election of three Class I directors to serve on the company’s board until the 2028 annual meeting or until their successors are duly elected and qualified. The elected directors are David S. Rosenblatt, Everette Taylor, and Paula J. Volent. The respective votes for the directors were 23,934,100, 22,176,653, and 22,554,329 with withheld votes of 338,584, 2,096,031, and 1,718,355. In each case, there were 5,070,364 broker non-votes.

The second proposal was to ratify the appointment of Ernst & Young LLP as the independent auditors for the fiscal year ending December 31, 2025. This proposal received an overwhelming number of affirmative votes, with 29,221,562 for, 32,259 against, and 89,227 abstaining. There were no broker non-votes for this proposal.

The filing also included a cover page interactive data file embedded within the Inline XBRL document as an exhibit. This filing is consistent with the company’s obligations under the Securities Exchange Act of 1934.

The announcement follows the company’s commitment to transparency and adherence to corporate governance standards. The approval of the auditors and the election of directors are routine corporate actions that enable 1stdibs.com to maintain its operations and oversight. While the company maintains a strong balance sheet with a current ratio of 3.74, InvestingPro data reveals challenges with profitability, reporting a loss of $0.55 per share over the last twelve months. Discover 8 more exclusive ProTips and comprehensive analysis in the Pro Research Report, available to subscribers.

For further details on the voting results and other information, interested parties can refer to the full 8-K filing made by the company with the SEC. The information in this article is based on statements from the press release and the SEC filing. For deeper insights into 1stdibs.com’s financial health and future prospects, including exclusive Fair Value calculations and detailed financial metrics, visit InvestingPro, where you’ll find comprehensive analysis among 1,400+ top US stocks.

In other recent news, 1Stdibs.Com Inc. reported its financial results for the first quarter of 2025, missing market expectations for both earnings and revenue. The company announced an earnings per share (EPS) of -$0.14, slightly below the forecast of -$0.13, and revenue of $22.5 million, falling short of the projected $23.28 million. Despite these results, the company saw a 3% increase in gross merchandise value (GMV) to $94.7 million, and a 2% rise in both net revenue and gross profit. The adjusted EBITDA loss improved slightly to $1.7 million from a $1.8 million loss in the same quarter last year, with the company maintaining a strong cash position at $101 million.

1Stdibs.Com also introduced new machine learning pricing models and enhanced platform features, aiming to boost engagement and conversion rates. The company experienced a 7% year-over-year increase in active buyers, reaching 64,800, reflecting strong user engagement. Looking ahead, the company forecasts a GMV of $85-$92 million for the second quarter of 2025, with net revenue expected between $21.2 million and $22.5 million. Strategic initiatives include improving conversion rates and operational efficiency, amidst challenging market conditions due to macroeconomic uncertainties.

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