REAL / RealReal stock reeling after revenue miss, downbeat outlook prompts downgrade

SAN FRANCISCO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- The RealReal  (Nasdaq: REAL)—the world's largest online marketplace for authenticated, resale luxu more_horizontal

The RealReal shares tumbled on Friday on the news its finance chief Robert Julian will be stepping down from his role as the company attempts to retur more_horizontal

CFO Robert Julian said he will resign by January if no replacement is found. CFO resignations are sometimes seen as red flags for struggling companies more_horizontal

For millions, shopping thrift has become second nature. And this demand is altering what secondhand represents to many, as prices climb and outlets be more_horizontal

The RealReal has deferred tax assets valued at $291.8 million, surpassing its market capitalization of $260 million. The company's financial health an more_horizontal

The realm of penny stocks, often characterized by their affordable price tag, has become a hotspot for investors eager to seize the stock market's opp more_horizontal

Secondhand marketplace TheRealReal delivered better profitability than expected. Management has made significant changes to the company's cost structu more_horizontal

The RealReal, Inc. (NASDAQ:REAL ) Q2 2023 Earnings Conference Call August 8, 2023 5:30 PM ET Company Participants Caitlin Howe - Senior Vice President more_horizontal