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

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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Tech News
The 5 Best Android Apps For Note-Taking In 2023

There is a variety of reasons why Google Keep is one of the best Android apps for notes. For starters, it comes pre-installed on most Android phones, so you won’t need to clog your storage with yet another app download. Even if you do need to install it, its a very small nine megabytes and won’t put too much strain on space.
With Google Keep, you have different types of notes at your disposal: plain text, checklist, image, drawing, and even voice recording. This lets you capture your thoughts with ease, regardless of what shape they may be in. Plus, each note can be personalized with colored or picture backgrounds to add a sprinkle of life and creativity to your collection.
But perhaps one of the most useful things about Google Keep is its collaboration feature. Just share your note to your friend’s email, and you can start working on your to-do lists or ideas together.
Tech News
Here’s Why The Cantilever Aero Bullet Is Considered The Worst Planes Ever Built

The Wrights were engineers all over the world trading notes and testing prototypes with the shared goal of powered flight. Alberto Santos-Dumont flew a manned airship in a neat circle around the Eiffel Tower in 1901. Wilhelm Kress’s Drachenflieger might have etched its name in the Austrian sky in the same year, had its power-to-weight ratio not been thrown off by errors at a fledgling engine builder called Daimler.
All that seems to have sounded too much like work for Christmas. He did not study aerial flight. He carried out no experiments. He decided to skip to the part where people would pay him and a flying machine would appear. To that end, he founded the Christmas Aeroplane Company in 1909. In 1918, it would be known as the Cantilever Aero Company.
Christmas had nothing to sell but a story to the Continental Aircraft Corporation and New York Senator James Wolcott Wadsworth when World War I broke out.
[Featured image by Flight Archive at FlightGlobal via Wikimedia Commons | Cropped and scaled | CC BY-SA 3.0 ]
Tech News
Samsung SmartThings Station Review: One-Button Connected Home Control

The SmartThings Station looks very similar in size and shape to Samsung’s Galaxy 15W Wireless Charger, with a couple of key extras. First, the “Smart Button” on the top panel lets you trigger up to three automated sequences involving any of your connected smart home devices. And two indicator lights on the front face of the unit show the status of the wireless charger and the status of the Station as a smart hub, such as: working normally, restarting, can’t connect to the Internet, or scanning for new devices to add to SmartThings.
The unit I tested came with a USB-C to USB-C cable, and an AC power adapter. There is also a lower-priced SKU that does not include the power adapter, but be wary of that, as many online commenters complained that it did not work with their third-party power adapters.
Once I plugged in the SmartThings Station, and it booted up for the first time, a pop-up on my Samsung Galaxy S22 Ultra phone prompted me to go to the SmartThings app, where I connected the Station to the same Wi-Fi network as the phone. You can opt to save the Station’s network connectivity info to Samsung’s SmartThings cloud while you’re at it.
After setup, the app shows the Station device info, such as its location (My home, My office, etc.) and room (living room, bedroom, kitchen, and so forth).
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