Poshmark went public on Thursday, Jan. 14.
Led by CEO, Manish Chandra, Poshmark swung to a profit of 45 cents a share for the first nine months of 2020 from a loss of $2.81 a share in the year-earlier quarter. Revenue climbed 28% to $192.8 million from $150.5 million.
On Thursday, the company closed up 140% on its public debut on the market.
In a Securities and Exchange Commission filing, Poshmark said that for buyers it creates a social experience. "We enable buyers to discover, connect, and curate their network and news feed with that of other users who share similar styles and personal preferences," the filing says.