Press Release: Newegg Announces First Half 2024 Results

Dow Jones08-29

Deferred Revenue                (5.8)    (9.3) 
Other                           (5.9)   (11.9) 
                              ------    ----- 
GMV                       $    746.7   $882.5 
                              ======    ===== 
 
 
 
                              Schedule 2 
             Reconciliation of Net Loss to Adjusted EBITDA 
---------------------------------------------------------------------- 
 
                                                   Six Months Ended 
                                                       June 30, 
                                                ---------------------- 
                                                   2024        2023 
                                                -----------  --------- 
                                                   (in millions) 
Net loss                                        $    (25.0)  $(29.3) 
Adjustments: 
Stock-based compensation expenses                     15.0     17.9 
Interest income, net                                  (1.1)    (0.4) 
Income tax benefit                                    (0.4)    (1.8) 
Depreciation and amortization                          5.7      6.3 
Gain from sale of investment                          (1.6)    (3.0) 
Loss from change in fair value of warrants 
liabilities                                            0.1       -- 
                                                    ------    ----- 
Adjusted EBITDA                                 $     (7.3)  $(10.3) 
                                                    ======    =====

View source version on businesswire.com: https://www.businesswire.com/news/home/20240828738369/en/

 
    CONTACT:    Newegg Commerce, Inc.:

Investor Relations

ir@newegg.com

(END) Dow Jones Newswires

August 28, 2024 21:44 ET (01:44 GMT)

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However, we anticipate a rebound in sales during the second half as consumers begin to upgrade their pandemic-era devices. We believe the increasing availability, affordability, and capabilities of AI-powered PCs will strengthen our long-term outlook for core computer sales. We are particularly enthusiastic about the upcoming release of next-generation CPUs from AMD and Intel, which we expect to drive component sales and fuel demand for refreshed desktop systems among both consumers and system integrators.\". --  Adjusted EBITDA  improved to $(7.3) million for the six","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4515":"5G概念","BK4535":"淡马锡持仓","BK4527":"明星科技股","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","BK4579":"人工智能","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","BK4550":"红杉资本持仓","BK4588":"碎股","BK4141":"半导体产品","BK4076":"电脑与电子产品零售","BK4122":"互联网与直销零售","BK4547":"WSB热门概念","BK4512":"苹果概念","NEGG":"Newegg Comm Inc.","BK4529":"IDC概念","BK4554":"元宇宙及AR概念"},"translate_title":"新闻稿：新蛋公布2024年上半年业绩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEGG":0.9},"content_text":"Deferred Revenue                (5.8)    (9.3) \nOther                           (5.9)   (11.9) \n                              ------    ----- \nGMV                       $    746.7   $882.5 \n                              ======    ===== \n \n \n \n                              Schedule 2 \n             Reconciliation of Net Loss to Adjusted EBITDA \n---------------------------------------------------------------------- \n \n                                                   Six Months Ended \n                                                       June 30, \n                                                ---------------------- \n                                                   2024        2023 \n                                                -----------  --------- \n                                                   (in millions) \nNet loss                                        $    (25.0)  $(29.3) \nAdjustments: \nStock-based compensation expenses                     15.0     17.9 \nInterest income, net                                  (1.1)    (0.4) \nIncome tax benefit                                    (0.4)    (1.8) \nDepreciation and amortization                          5.7      6.3 \nGain from sale of investment                          (1.6)    (3.0) \nLoss from change in fair value of warrants \nliabilities                                            0.1       -- \n                                                    ------    ----- \nAdjusted EBITDA                                 $     (7.3)  $(10.3) \n                                                    ======    ===== \n \n\n\n  View source version on businesswire.com: https://www.businesswire.com/news/home/20240828738369/en/ \n\n\n \n    CONTACT:    Newegg Commerce, Inc.: \n\n\n  Investor Relations \n\n\n  ir@newegg.com \n\n\n \n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 28, 2024 21:44 ET (01:44 GMT)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2463426881"}