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May 29, 2015 11:01 AM ET

Internet and Catalog Retail

Company Overview of Etsy, Inc.

Company Overview

Etsy, Inc. operates online and offline marketplaces to buy and sell handmade items, vintage goods, and craft supplies. Its platform connects sellers and buyers to sell or buy products for art, home and living, mobile accessories, jewelry, wedding, and others. The company was founded in 2005 and is headquartered in Brooklyn, New York. It has additional offices in Berlin, Germany; Dublin, Ireland; Hudson, New York; London, United Kingdom; Melbourne, Australia; Paris, France; San Francisco, California; and Toronto, Canada.

55 Washington Street

Suite 512

Brooklyn, NY 11201

United States

Founded in 2005

717 Employees



Key Executives for Etsy, Inc.

Chairman, Chief Executive Officer and President
Age: 41
Total Annual Compensation: $300.0K
Chief Financial Officer
Age: 43
Total Annual Compensation: $297.9K
General Counsel and Secretary
Age: 58
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2014.

Etsy, Inc. Key Developments

Etsy, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Etsy, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $58,543,000 against $40,536,000 a year ago, up 44.4% year-over-year, driven by growth in Marketplace and Seller Services revenue. Loss from operations was $4,842,000 against income from operations of $419,000 a year ago. Loss before income tax was $25,861,000 against $250,000 a year ago. Net loss was $36,586,000 or $0.84 per basic and diluted share against $463,000 or $0.01 per basic and diluted share a year ago. Net cash provided by operating activities was $8,895,000 against $6,184,000 a year ago. Purchase of property and equipment was $1,852,000 against $571,000 a year ago. Development of internal use software was $2,428,000 against $2,235,000 a year ago. Adjusted EBITDA was $6,673,000 against $6,103,000 a year ago. Etsy's net loss increased as a result of non-cash, non-operating expenses related to the updated global corporate structure that the company implemented on January 1, 2015.

Investor Files Class Action Complaint against Etsy, Inc

Robbins Arroyo LLP announced that an investor of Etsy, Inc. has filed a federal securities fraud class action complaint in the U.S. District Court for the Eastern District of New York. The complaint alleges that the company and certain of its officers and directors violated the Securities Exchange Act of 1934 between April 16, 2015 and May 10, 2015. Etsy operates online and offline marketplaces to buy and sell handmade items, vintage goods, and craft supplies.

Etsy, Inc. to Report Q1, 2015 Results on May 19, 2015

Etsy, Inc. announced that they will report Q1, 2015 results After-Market on May 19, 2015

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