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Stitch Fix tumbles 20% in after-hours trading following lukewarm earnings report – TechCrunch

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Shares of Stitch Fix plunged more than 20 percent in after-hours trading on Monday following the release of a tepid fourth-quarter earnings report.

The online retailer and personal styling service’s adjusted earnings exceeded analyst expectations, but its revenue and active users fell short of estimates. In the quarter ending July 28, Stitch Fix reported a net income of $18.3 million, or 18 cents per share, up from analyst’s 4 cents per share estimate. Its reported net revenue of $318.3 million, a 23 percent year-over-year increase, failed to meet analyst expectations of $318.6 million.

The San Francisco-based company’s user base grew 25 percent YoY, to 2.7 million, another disappointment to Wall Street, which was looking for more than 2.8 million.

Stitch Fix, which has a market cap of nearly $4.4 billion, also reported fiscal year 2018 earnings. In its first year as a public company, Stitch Fix had $1.2 billion in net revenue, $44.9 million in net income and an adjusted EBITDA of $53.6 million.

Founder Katrina Lake took the company public on the Nasdaq in November 2017 in a highly anticipated consumer IPO. The company raised $120 million in the process, selling 8 million shares after making a last-minute decision to downsize its offering ahead of its first day of trading.

Following the release of its first-ever earnings report in December, shares of Stitch Fix similarly took a huge hit, plunging down 10 percent on the news.

The company usually finds its footing and, overall, its stock has continued to climb since its IPO. Stitch Fix had its best day yet on September 18 when its stock was valued at $52.44 apiece, up from the initial price of $15 apiece.

Alongside its earnings report, Stitch Fix announced the upcoming launch of Stitch Fix U.K., its first-ever international market expected to be available to consumers by the end of FY 2019. Following the release of its Q3 earnings report, the company announced the hire of Deirdre Findlay as its new chief marketing officer, as well as the launch of Stitch Fix Kids.

On the earnings call Monday, Lake emphasized how both services, Stitch Fix Kids and Stitch Fix U.K., will augment Stitch Fix’s total addressable market.

“We believe our ability to create a uniquely personalized shopping experience is something that will resonate with consumers and brands outside of the U.S.,” Lake said in a statement.

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Teenage Engineering computer-1 flat-pack PC chassis instantly sold out

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The folks at Teenage Engineering had a brand new pc chassis for sale earlier today. By the time it really started trending on social networks, it was already sold out. This chassis is designed to be simple and light, but strong enough to withstand basic wear-and-tear. The version the design group had for sale this morning would’ve cost you around $195 – but they’ve released the layout plans so you could technically make one of your own.

The Teenage Engineering Computer-1 was sold in the Teenage Engineering shop for $195 USD. For that cash you got a flat-pack set of laser-cut sheet metal parts with a couple of chrome metal handles and some rubber bumpers for the feet. The sheet metal has a pure orange RAL 2004 powder coated finish.

If you would like to build one of these sets yourself, you can get the plans from Teenage Engineering now. You’ll need your own laser cutting machine, or a way to 3D print similar parts. The original was made with 1mm aluminum, so you might need to modify the way you make the build if you’re using any other sort of material.

Teenage Engineering may make another run of these cases in the future. Given the interest shown today, it’d make sense for the group to make more, but given the group’s aim and track record, there’s a distinct possibility that this release began and ended here, in a single day.

This might be a fine wake-up call for other PC case creators, too. Imagine the simplicity of manufacturing a bunch of flat metal pieces and selling the package to users IKEA style. Now, all you need is the hype power and top-tier 3D design skills of the folks at Teenage Engineering, and you’ve got a winner on your hands.

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Instagram Stories links are now available for all accounts

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Instagram has confirmed that it’s bringing the ability to and links to Stories for all user accounts. When Stories links were first revealed, they were only available for verified accounts or accounts with a certain number of followers. However, Instagram says over the years it has seen that the ability to share links to stories is helpful, so it’s expanding access to everyone.

The Instagram community has been asking for Stories links for everyone to make sharing content with friends and family easier. Links are now available for sharing for everyone with no stipulation on account size. To add links to Stories, users can use the Link sticker.

When people click the sticker, they will be redirected. Adding a Link sticker is easy and starts with capturing or uploading content to the story. Users then select the sticker tool from the navigation bar and tap the Link sticker to add the desired link. Once that is complete, users can place the sticker on their story, and there are variations of the sticker available.

Instagram also says it’s working on customizing the sticker to make it clear what users will see when they tap it. Instagram is also talking about its ongoing effort to keep its community of users safe. To facilitate safety, new accounts and accounts that repeatedly share content, including hate speech or misinformation, as well as anything that violates community guidelines, won’t have access to the Link sticker.

The Link sticker isn’t the only change Instagram has made this month. Previously, Instagram announced that its desktop app was getting photo upload capability. Before adding the capability to upload content from the desktop app, all uploading had to be done from the mobile app. The change was implemented on October 21.

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2021 MacBook Pro teardown tease shows what’s on the inside

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It’s very common for manufacturers like Apple to release new products, and fans always want to know what they look like on the inside. However, the last thing most of us want to do is tear apart our brand-new and expensive gadgets to look. Thankfully, IFIXIT has been gutting new devices for a long time, giving us a look at what’s on the inside without having to trash our own hardware.

Right now, a teardown for the 2021 MacBook Pro is being teased with a few pictures ahead of the full reveal. As you would expect, everything is packed very tightly into the thin and lightweight MacBook Pro notebooks. While there are no real details offered at this time about the hardware inside, we already know what to expect from Apple’s official event.

Apple has fitted its 2021 model notebooks with additional ports. An improved keyboard is integrated that hopefully won’t break if you eat lunch and work at the same time. MagSafe charging is integrated, and Apple ditched the Touch Bar for traditional function keys. The real changes come in new Apple silicon running the show. One interesting tidbit that has been shared from the full teardown is that the battery cells have pull tabs to make them easier to remove and aren’t crammed under a logic board.

We hope that means should your battery go bad down the road; you don’t have to completely disassemble the notebook to install a new one. The four outer cells of the battery have pull tabs similar to those used in the iPhone and MacBook Air. However, we will have to wait for the full teardown to know everything about these batteries and just how easy they are to remove and replace.

The prospect of more DIY friendly component placements should have Mac fans excited. The gang also got their hands on that $20 official Apple polishing cloth, simply called the “Polishing Cloth.” A price of $19 is pretty steep for cloth used to shine the screen of your iPhone, but it has an Apple logo, and that’s enough for some. The cloth feels like Alcantara and appears to be the same material used inside the iPad Smart Cover.

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