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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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How To Find Reused And Compromised Passwords In Safari

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The macOS version requirement to use this feature is Big Sur or Monterey, but it worked fine in Catalina, as well. To get started:

1. Launch Safari on your Mac.

2. Once a new Safari window opens, click on Safari in the menu bar and select Preferences from the dropdown menu.

3. You should see a popup menu of Safari preferences — you’ll be under the General section by default. Select Passwords from the top menu to manage your saved passwords.

4. At this point, you’ll have to enter your system password to access your saved passwords.

5. Once you’re in, you’ll see a list of all your stored passwords. If you see a yellow warning icon next to any of the passwords, that means Safari has a security recommendation for it.

6. Tap the warning icon on the password to know its security status. If a password has been overused, if it is easy to guess, or if it has been compromised in a data breach, Safari will add a short comment. There’ll also be a link to the appropriate page so you can change your password (via Apple Support).

Whenever Safari is auto-filling your passwords in any field, you may also get a Compromised Password alert notifying you to change a password because it is weak, reused, or leaked.

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This Electric Car Starts At Only $18,500, But You Only Get Three Wheels

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The average commute, according to Electra Meccanica, is 40 miles. The Solo comes with 100 miles of range, which is more than enough to do your commute. Evidently, this car isn’t meant for much more than that, but many people — especially those who live in dense urban areas — don’t drive much further than work on a regular basis. Basic items like a briefcase, a few bags of groceries, and a set of gym clothes fit just fine in the back of the Solo. 

Obviously, this ideal situation ends if you are a family with only one car. It also begins to lose its purpose if you enjoy a sporty feel because while you do get Bluetooth, USB charging, a rear-view camera, AC, and keyless entry, it isn’t exactly riveting to drive. It has a top speed of 80 mph, which is made possible by its 82 horsepower engine with 128 lb-ft of torque. All this power is sent to the singular rear wheel. It goes from 0-60 mph in 10 seconds, which is simply sluggish by any standard. 

The interior of the Solo isn’t draw-dropping, considering the color variety you get is a few different shades of blacks and dark greys. However, the Solo does feature an LCD gauge cluster, which is a nice touch. What’s even nicer is that it comes with a singular heated seat.

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This Tesla-Powered BMW EV Combines Classic Styling With Modern Power

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One of the last produced examples of BMW’s E9 coupe was sold on Bring a Trailer for over $200,000, which is well within the BMW EV’s price range. But the Tesla-powered BMW CSI also has some historical significance, especially in terms of proper maintenance. It belonged to the late Saudi Arabian Prince Mashour bin Saud, who had four keepers tending to the car when it was purchased in 1978. Aside from having a taste of royalty, the BMW EV was also a rare right-hand drive model. Its paper trail reveals how its registration was changed from the prince’s original “2 BAT” to “BAT 9K,” including handwritten letters to Michael Gardiner, who was tasked with selling the car for him.

In 2019, the BMW 3.0 CSI was bought from Gardiner’s widow and was eventually brought over to established electric conversion specialists at Electric Classic Cars. The company, which successfully converted classics like a 1979 Porsche 911 and the original Volkswagen Beetle, did a complete overhaul on the iconic BMW both inside and out. Furthermore, this classic BMW EV even includes the original straight-six engine should its driver ever feel like going back to gas. Although electric conversion has kept this classic up to speed, let’s look at its other improvements.

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