Realreal sees q1 gaap net loss expected to be in range of $38.9 million - $39.9 million

The realreal reports preliminary first quarter results.realreal inc says q1 gross merchandise volume expected to be about $258 million, up 15% year over year.realreal inc sees q1 gaap net loss expected to be in range of $38.9 million - $39.9 million.realreal inc says ended q1 well capitalized with about $303 million in cash, cash equivalents and short-term investments.realreal inc says reduced overall headcount by about 10% and annual company payroll related expenses by about 15%.realreal inc says furloughed about 15% of total headcount.realreal - actions intended to result in operating expense reductions of more than $70 million, capital expenditure reductions of about $15 million in 2020.
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