Second quarter fiscal 2009 web sales at toy, game and novelty product retailer ThinkGeek Inc. increased 10%, from $17.7 million in Q2 of fiscal 2008 to $19.4 million. Total revenue for SourceForge Inc., ThinkGeek’s parent company, for the second quarter of fiscal 2009, ended Jan. 31, grew by 9% to $23.9 million, compared with $21.9 million for the same quarter of fiscal 2008.
E-commerce accounted for 81% of SourceForge’s Q2 FY 2008 sales.
ThinkGeek’s average ticket for online orders declined 13% to $63 in Q2 of fiscal 2009, from $71 in the prior year quarter. But volume was up by 25% in the recent quarter: ThinkGeek shipped 311,000 orders in the second quarter of 2009 vs. 249,000 in Q2 of 2008.
SourceForge also develops open standard e-commerce and information technology communities and online information technology news and resources.
For Q2 of fiscal 2009, media revenue totaled $4.4 million, a 4% increase from Q2 2008 revenue of $4.2 million.
For ThinkGeek, No. 268 in the Internet Retailer Top 500 Guide, e-commerce sales for the first six months of FY 2009 were up by about 11%, to $26.1 million from about $23.6 million in same period of FY 2008. Overall sales for the first half of fiscal 2009 were $36 million, an increase of about 12% from $32.2 million year over year. For the first six months of fiscal 2009 ThinkGeek.com accounted for 73% of SourceForge revenue.
“While we achieved year-over-year revenue growth in these challenging times, we have a lot of work to do on our path to becoming a 21st century Internet media company,” says Scott Kauffman, president and CEO at SourceForge. “I believe that our fate is in our hands and that our near-term growth is more dependent on internal execution than external conditions.”
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