Earnings Results: Poshmark stock falls after company’s wider quarterly loss

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Shares of Poshmark Inc. fell more than 5% in the extended session Thursday after the fashion reseller reported mixed fourth-quarter results and sales that were slightly above Wall Street consensus.

Poshmark POSH, +15.77% said it lost $4.06 million, or 31 cents a share, in the quarter, compared with a loss of $14.8 million, or $1.20 a share, in the year-ago quarter.

Adjusted for one-time items, including warrants and expenses related to other debt, the company earned 5 cents a share.

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Revenue rose 27% to $69.3 million, the company said. Gross merchandise value rose grew 28%, it said.

Analysts polled by FactSet expected Poshmark to report a GAAP loss of 1 cent a share and an adjusted loss of 2 cents a share on sales of $69.2 million.

Poshmark, which became public in January, guided for first-quarter revenue between $75.5 million and $77.5 million, and adjusted EBITDA between $1 million and $2 million.

The company said last month it was entering the pet business and launching in Australia.

The stock ended the regular trading day up 16%.

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