Newegg Commerce, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
December 01, 2022 at 06:11 am EST
Share
Newegg Commerce, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 349.16 million compared to USD 540.9 million a year ago. Net loss was USD 8.49 million compared to net income of USD 8.45 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
For the nine months, sales was USD 1,239.7 million compared to USD 1,747.77 million a year ago. Net loss was USD 27.36 million compared to net income of USD 30.05 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to basic earnings per share from continuing operations of USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to diluted earnings per share from continuing operations of USD 0.07 a year ago.
Newegg Commerce, Inc. is a global technology e-commerce retailer in North America. It is engaged in retailing PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Its platforms include Newegg.com, Newegg.ca, Newegg Global and Newegglogistics.com. Additionally, its platforms offer a suite of e-commerce solutions, including product listing, fulfillment, marketing, customer service and other value-added tools and services. The Company categorizes its business model into business-to-consumer (B2C) and business-to-business (B2B) operations. Its B2C is focused on selling information technology/consumer electronic (IT/CE) products including tech product categories such as 3D printers, home automation, and others. Its B2B e-commerce platform, NeweggBusiness.com, offers a full range of IT, office and industrial products and solutions with customer base ranging from government agencies, healthcare institutions, and education institutions.
NEWEGG COMMERCE, INC. 
