

This LITTLE KNOWN #Ecommerce player grew by 137% in Q2 ’20

It is SMALLER than $SHOP $SE $MELI $AMZN with its market cap of $ 14B



Here is a SHORT thread

$ETSY is an e-Commerce platform
where buyers mostly sell handmade or vintage products and crafts
It was launched in 2005 and started trading in 2015
Back in 2015, it had sales of $ 58m
and booked an average loss of $ 7m per Q.

It was launched in 2005 and started trading in 2015

Back in 2015, it had sales of $ 58m






$ETSY is sitting on a war chest of $ 1B in cash
with $ 1.2B in Current Assets vs. $ 279m in Current Liab.
It generated an Operating CF of $ 220m this Q ($ 50m / Q hist.)





Well, I see you coming


Let’s cut the chatter and see what the numbers tell

Non-mask sales are up 93% YoY and Gross Merchandise Sales (GMS) for the following categories are surging 
Homeware & furnishings GMS grew 128% YoY
Jewellery & accessories GMS grew 50% YoY
Craft supplies GMS grew 138% YoY
Beauty & Personal Care GMS grew 187% YoY





$ETSY is thus an #eCommerce platform
Not a mere retailer of COVID masks
“Locally produced”
“Vegan”
“Organic”
“Reused materials”
you know what all of these have in common?
They are booming
and $ETSY is providing the platform this market needs

“Locally produced”




They are booming


Here are some figures on the world going vegan and organic 
There were 20m vegans in the U.S. in 2017, up from 4m in 2914
11k+ vegan food and drink businesses were launched in the EU in 2019, up 93% from 2016
In SEA vegan product launches increased by 440%





The numbers of loyal customers


A considerably larger customer base making repeat purchases sounds like big cash























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Here is a review for $ETSY - would love to hear your take the matter 
@LiviamCapital
@anandchokkavelu
@willschoebs

@LiviamCapital
@anandchokkavelu
@willschoebs
Disclaimer - This is not investment advice in any form and investors are responsible for conducting their own research before investing.
Sources
✑ Investor presentation
✑ Company website
✑ Nielsen
✑ TheVeganSociety
✑ TheBeet
✑ TechNavio
Sources
✑ Investor presentation
✑ Company website
✑ Nielsen
✑ TheVeganSociety
✑ TheBeet
✑ TechNavio