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Carol Melton resigned from the board of directors of The RealReal, Inc. (NASDAQ:REAL) on Thursday. According to a press release statement included in a filing with the Securities and Exchange Commission, Melton’s departure was due to expanded professional and personal responsibilities.
The company expressed appreciation for Melton’s service during her tenure on the board. No additional details regarding the resignation or plans for a replacement were provided in the filing.
The RealReal, Inc. is listed on the Nasdaq Global Select Market. The information in this article is based on a statement from the company’s recent SEC filing.
In other recent news, The RealReal reported its first-quarter earnings for 2025, surpassing expectations with earnings per share (EPS) of -$0.08 against the forecasted -$0.09. The company’s revenue reached $160 million, slightly above the anticipated $159.83 million, marking an 11% increase year-over-year. The RealReal also achieved a 9% year-over-year increase in gross merchandise value (GMV) to $490 million, driven by a 7% rise in active buyers and a 5% increase in average order value. The company continued to demonstrate financial discipline by paying off the remaining $26.75 million of its 3% Convertible Senior Notes due in 2025, contributing to a total debt reduction of $81 million over the past 16 months.
Analysts at B.Riley initiated coverage on The RealReal with a Buy rating, citing significant margin improvements and a positive adjusted EBITDA for three consecutive quarters. The firm expressed confidence in The RealReal’s margin growth and supply chain, largely composed of domestic pre-owned goods, as a competitive advantage. The RealReal’s strategic initiatives, such as AI-driven operational enhancements and the "Get Paid Now" program, have also contributed to its improved direct revenue margins. The company remains optimistic about its full-year 2025 guidance, projecting GMV growth of 8% and revenue between $645 million and $660 million.
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