(2007-03-23) Bidz annual web sales shine in 2006
Online jeweler and auctioneer Bidz Inc. is reporting a 46% increase in revenue for 20
(AddPR) Online jeweler and auctioneer Bidz Inc. is reporting a 46% increase in revenue for 2006, while net income rose by 104%.
For 2006, the company, No. 98 in the Internet Retailer Top 500 Guide, posted net income of $5.4 million on revenue of $132 million, compared with net income of $2.6 million on revenue of $90.3 million in 2005.
In Q4, Bidz had net income of $953,000 on sales of $37.5 million vs. net income of $1.8 million on revenue of $30.6 million in Q4 2005. Net income in the fourth quarter was adversely affected by lower gross margins from the promotion of free shipping and approximately $56,000 in expenses for rescission and public offering costs, Bidz says.
About Us: Online jeweler and auctioneer Bidz Inc. is reporting a 46% increase in revenue for 2006, while net income rose by 104%.
Contact Info: Profit Rank, Inc.
1320 Tower Road, Schaumburg, IL
Additional:
Company: Profit Rank, Inc.
Country: United States
Contact:
Website: http://www.internetretailer.com/dailyNews.asp?id=21794
Bus E-Mail:
Phone: (847) 517-6371
