09:54 AM EST, 01/14/2025 (MT Newswires) -- Shares of ThredUp ( TDUP ) were higher Tuesday morning after the online consignment company reported preliminary Q4 revenue that exceeded previously announced guidance.

For its ongoing US operations, the company reported preliminary Q4 revenue of $66.7 million to $67.2 million, compared with previous guidance of $58 million to $60 million. Analysts polled by FactSet expect Q4 revenue of $76.7 million.

The company said it expects Q4 gross margin of 80.2% to 80.4%, also above a prior outlook of 78.5% to 79.5%.

ThredUP ( TDUP ) also reported a preliminary Q4 net loss of $18.5 million to $18.9 million. Previous guidance was not provided.

Analysts surveyed by FactSet expect a Q4 net loss of $14.3 million.

Price: 2.07, Change: +0.77, Percent Change: +59.23