Bidz Sales, Profits Down in 1Q

Highlights of Bidz.com’s first quarter (ending March 31) financial results:

  • Net revenue: $24 million, down 11.7 percent
  • Gross profit: $7 million, down from $7.2 million
  • Number of new buyers: 40,711, down 1.3 percent
  • Average orders per day: 1,550, down 10.3 percent
  • Average items sold per day: 6,110, down 16.3 percent
  • Average selling price per order: $187, down 7.4 percent

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

Don’t miss a story! Subscribe to JCK’s e-newsletter here.