Bidz.com Revenue Down 55 Percent, Profit Down 99 Percent

JCK Staff -- JCK Online, 11/10/2009 11:41:37 AM

Bidz.com announced Tuesday that their net revenues for the third quarter of 2009 were $24.8 million, compared with $55.4 million reported in the third quarter of 2008.

The company's net income dropped 99 percent to $39,000, compareed to $3.3 milion in 2008. Gross profit was approximately $7.2 million, compared with $13.3 million in the third quarter of 2008.

Bidz.com's revenues for the year up to September 30th were $82.9 million, compared with $172.3 million reported for 2008. Gross profit was $25.6 million compared with $46.6 million last year.

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• well this is the times
  we get to live with it so does bidz.com

  
  harry - 2009-11-11 12:40:43 EST
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