- Newegg Commerce press release (NASDAQ:NEGG): 1H net loss was $25.0 million for the six months ended June 30, 2024, compared to $29.3 million for the six months ended June 30, 2023.
- Revenue of $618.12M (-14.5% Y/Y).
- GMV decreased 15.4% to $746.7 million for the six months ended June 30, 2024, compared to $882.5 million for the six months ended June 30, 2023.
- Adjusted EBITDA improved to $(7.3) million for the six months ended June 30, 2024, compared to $(10.3) million for the six months ended June 30, 2023.
- Average order value was $401 for the six months ended June 30, 2024, compared to $390 for same period in prior year.
- Repeat purchase rate, which is the percentage of active customers who made at least two purchases on Newegg platforms during the past 6 months, was 23.0% as of June 30, 2024, compared to 27.9% for the same period in the prior year.
