Yahoo Finance Newegg Commerce Full Year 2023 Earnings: US$0.15 loss per share (vs US$0.15 loss in FY 2022)
Newegg Commerce (NASDAQ:NEGG) Full Year 2023 Results
Key Financial Results
Revenue: US$1.50b (down 13% from FY 2022).
Net loss: US$59.0m (loss widened by 2.7% from FY 2022).
US$0.15 loss per share (further deteriorated from US$0.15 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
In the last 12 months, the only revenue segment was Online Retailers contributing US$1.50b. Notably, cost of sales worth US$1.33b amounted to 89% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$238.6m (100% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$12.1m. Explore how NEGG's revenue and expenses shape its earnings.
Newegg Commerce shares are up 7.8% from a week ago.
Risk Analysis
Be aware that Newegg Commerce is showing 2 warning signs in our investment analysis and 1 of those is a bit concerning...
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