Bidz Sales, Profit Down

Highlights of Bidz.com’s fourth quarter and year-end
financial results (ended Dec. 31):

  • 4Q net revenue: $29 million, up 5.7%
  • 4Q gross profit: $7.2 million, down from $8.1 million in
    2009
  • 4Q number of new buyers: 54,271, up 19.5%
  • 4Q average orders per day: 1,883, up 20.2%
  • 4Q average items sold per day: 6,899, down 4.8%
  • 4Q average selling price per order: Up 2% to $190
  • FY2010 net revenue: $104.8 million, down 5.1%
  • FY2010 gross profit: $26.1 million, down from $33.7 million
    in 2009
  • FY2010 net loss: $1.4 million

For more information on Bidz.com’s financial statement,
click here.

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