Newegg Commerce Inc (NEGG)

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Newegg Announces First Half 2021 Financial Results

Source: Business Wire
Reports first half 2021 increases of 39.9% and 33.9% in net sales and gross margin, respectively
Newegg Commerce, Inc. (NASDAQ: NEGG), a leading tech-focused e-retailer in North America, announced its financial results for the six months ended June 30, 2021.
First Half 2021 vs. First Half 2020 Financial Highlights (unaudited)

Net sales increased 39.9% to $1,206.9 million from $862.7 million

Gross profit increased 33.9% to $166.9 million from $124.6 million

Net income increased 14.0% to $21.6 million (or $0.05 per diluted share) compared to net income of $18.9 million (or $0.05 per diluted share)

Operational Highlights as of June 30, 2021

Unique active customers: 4.2 million

Repeat purchases: 32.5%

Average value per order: $359