NEGG Q2 2023 Earnings — Newegg Commerce, Inc. Revenue & Financial Results | Market Cap Arena

NEGGNewegg Commerce, Inc.

$921M

Q2 2023 Earnings

Consumer Cyclical Specialty Retail

Income Statement

Revenue

$362M-18.8% YoY

Gross Profit

$41M11.2% margin

Operating Income

-$17M-4.8% margin

Net Income

-$15M-4.1% margin

EPS (Diluted)

$-0.77

QoQ Revenue Growth

+0.0%

Cash Flow

Operating Cash Flow

-$37M

Free Cash Flow

-$51M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$440M

Total Liabilities

$296M

Stockholders' Equity

$144M

Cash & Equivalents

$52M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$362M	$445M	-18.8%
Gross Profit	$41M	$55M	-26.6%
Operating Income	-$17M	-$14M	-22.6%
Net Income	-$15M	-$9M	-55.4%