November 23, 2010, 3:02 PM

Dreams Inc. had a big Q3

The operator of FansEdge report web sales were up 40.6% from a year ago.

Allison Enright

Editor

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Web sales for Dreams Inc., which owns and operates retail site FansEdge.com and other niche sites, were up 40.6% during the third quarter from the same time a year ago. In a Securities and Exchange Commission filing, the company credits the strong performance to sales growth at FansEdge.com and its web syndication program in which Dreams runs the online team sports gear stores for several universities.

For the third quarter ended Sept. 30, Dreams, No. 198 in the Internet Retailer Top 500 Guide, recorded:

  • Web sales increased 40.6% to $13.5 million from $9.6 million in the third quarter of 2009.
  • Total sales increased about 30.3% to $19.8 million from $15.2 million in the third quarter of 2009.
  • Manufacturing and distribution revenue increased 6.1% to $3.5 million from $3.3 million in the prior year.
  • Retail revenue increased 33.3% to $16.8 million from $12.6 million in the prior year.
  • Net loss was approximately $702,000 compared with a net loss of $786,000 in the third quarter of 2009, a decrease of 10.7%.

Based on Internet Retailer calculations, the web accounted for 68.2% of all revenue compared with 63.2% in the prior year.

For the first nine months of the year:

  • Web sales increased 38.1% to $33.7 million from $24.4 million in the period January through September of 2009.
  • Total sales increased about 19.9% to $50.7 million from $42.3 million.
  • Manufacturing and distribution revenue decreased 11.0% to $9.7 million from $10.9 million in the prior year.
  • Retail revenue increased 25.9% to$42.8 million from $34.0 million.
  • Net loss was $2.7 million compared with a net loss of $2.8 million in the period January through June of 2009, a decrease of 3.6%.

Based on Internet Retailer calculations, the web accounted for 66.4% of all revenue compared with 57.7% in the prior year.

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