Yahoo Finance Newegg Commerce First Half 2023 Earnings: US$0.077 loss per share (vs US$0.051 loss in 1H 2022)
Newegg Commerce (NASDAQ:NEGG) First Half 2023 Results
Key Financial Results
Revenue: US$723.2m (down 19% from 1H 2022).
Net loss: US$29.3m (loss widened by 55% from 1H 2022).
US$0.077 loss per share (further deteriorated from US$0.051 loss in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Newegg Commerce Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 5.9% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are down 1.8% from a week ago.
Risk Analysis
Be aware that Newegg Commerce is showing 2 warning signs in our investment analysis that you should know about...
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