Newegg Commerce H1 Sales $618.12M Down From $723.25M YoY, Net Loss $25M Compared To $29.3M YoY
Portfolio Pulse from Benzinga Newsdesk
Newegg Commerce reported a decrease in H1 sales to $618.12 million from $723.25 million year-over-year, with a net loss of $25 million compared to $29.3 million in the previous year.
August 29, 2024 | 5:30 am
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Newegg Commerce's H1 sales decreased to $618.12 million from $723.25 million year-over-year, and the company reported a net loss of $25 million compared to $29.3 million last year.
The decrease in sales and continued net loss indicate financial challenges for Newegg Commerce, which could negatively impact investor sentiment and the stock price in the short term.
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