Bidz.com Net Revenue Down 22% in 4Q



Bidz.com announced Tuesday that their net revenues for the fourth quarter of 2009 were $27.5 million, compared with $35.1 million reported in the fourth quarter of 2008.

The company’s revenues for the twelve months ended December 31st, were $110.4 million, compared with $207.4 million reported for the previous year. In the fourth quarter, gross profit was approximately $8.1 million, compared with $12.1 million in 2008.