BARCHART - Nextdoor reported better-than-expected Q1 FY2023 results. Although its revenue decreased by 2.41% YoY to $49.8M, it exceeded analyst estimates. The company's guidance for the next quarter's revenue also surpassed expectations, with a midpoint of $53.5M, 3.22% higher than analysts' projections. Nextdoor experienced a GAAP loss of $33.7M, slightly up from the loss of $32.9M in the same quarter last year. The company's gross margin declined to 80.1% from 82.2% YoY, but it saw an increase in WAUs by 5.7M YoY to reach 42.4M.
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