May 5, 2011, 5:06 PM

ThinkGeek’s e-commerce sales jump 46% in Q1

The online gadget retailer reached $15.2 million in first quarter sales.

Lead Photo

Gadget retailer ThinkGeek Inc. got its e-commerce sales geek on in the first quarter.

For the first quarter ending March 31, parent company Geeknet Inc. reported:

  • $15.2 million in e-commerce revenue at ThinkGeek.com, up by 46% from $10.4 million in the same period last year.
  • Total revenue increased 35.4% from $14.7 million in Q1 2010 to $19.9 million.
  • Orders shipped increased by 54%.
  • Media revenue increased about 9.3% to $4.7 million for the first quarter of 2011, compared with $4.3 million for the first quarter of 2010. 
  • Net loss was $2.4 million compared with $2.8 million in Q1 2010.

Internet Retailer calculates the web accounted for 76.4% of total sales in the first quarter, compared with 70.7% in the prior year quarter.

“2011 started well for the company with solid growth in both ThinkGeek and our media business,” says Ken Langone, chairman of Geeknet. “Following last year’s strong revenue growth, we are focused on maintaining momentum in ThinkGeek and continuing to grow our media business by concentrating on business-to-business technology advertisers to fully maximize the revenue opportunity we see in that market.”

ThinkGeek climbed from No. 232 in 2010 to No. 192 in Internet Retailer’s new edition of the Top 500 Guide.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Deepak Agarwal / E-Commerce

Back-to-school insights from a Top 100 online retailer

It’s the second-largest online shopping season, and one nomorerack.com CEO pays close attention to. Here ...

FPO

Kevin Sterneckert / E-Commerce

The ghost economy: an $800 billion retail data disconnect

A new twist on a classic holiday story that online retailers will relive in the ...

Advertisement