ThredUp Inc. (NASDAQ:TDUP) Q1 2023 Results Conference Call May 9, 2023 4:30 PM ET

Company Participants

Lauren Frasch - Head, IR

James Reinhart - CEO and Co-Founder

Sean Sobers - CFO

Conference Call Participants

Ike Boruchow - Wells Fargo

Tom Nikic - Wedbush

Dylan Carden - William Blair

Anna Andreeva - Needham & Company

Alexandra Steiger - Goldman Sachs

Trevor Young - Barclays

Rick Patel - Raymond James

Ed Yruma - Piper Sandler

Lauren Schenk - Morgan Stanley

Operator

Good afternoon, ladies and gentlemen, and welcome to the thredUP Q1 2023 Earnings Conference Call. [Operator Instructions] This call is being recorded today, Tuesday, May 9, 2023.

I would now like to turn the conference over to Lauren Frasch, Head of Investor Relations. Please go ahead.

Lauren Frasch

Good afternoon, and thank you for joining us on today's conference call to discuss thredUP's first quarter 2023 results. With me are James Reinhart, thredUP CEO and Co-Founder; and Sean Sobers, CFO. We posted our press release and supplemental financial information on our Investor Relations website at ir.thred.com. This call is being webcast on our IR website, and a replay of this call will be available on the site shortly.

Before we begin, I'd like to remind you that we will make forward-looking statements during the course of this call, including, but not limited to, statements regarding our earnings guidance for the second fiscal quarter and full year of 2023, future financial performance, including our goal of reaching adjusted EBITDA breakeven, market demand, growth prospects, business strategies and plans, our ability to track new buyers and the effects of inflation, increase interest rates, changing consumer habits and general global economic uncertainty.

These forward-looking statements are not guarantees of future performance, involve known and unknown risks and uncertainties and our actual results could differ materially from any projections with the performance or results expressed or implied by such forward-looking statements. Words such as anticipate, believe, estimate and expect as well as similar expressions are intended to identify forward-looking statements. You can find more information about these risks, uncertainties and other factors that could affect our operating results in our SEC filings, earnings press release and supplemental information posted on our IR website.

Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update the statements as a result of new information or future events. In addition, during the call, we will present certain non-GAAP financial measures. These non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from GAAP measures. You can find additional disclosures regarding these non-GAAP measures, including reconciliations and comparable GAAP measures in our earnings press release and supplemental information posted on our IR website.