Abazias.com Q1 sales increase 166% year-over-year
Sales at online jewelry retailer Abazias.com rose 166% in the first quarter to $1.1 million from $413,588 a year earlier, the company reports. Gross profits totaled $175,624, up from $66,145 a year earlier.
However, Abazias reported a net loss of $49,608 for the quarter, compared with a net loss of $27,370 a year earlier. Abazias attributed the loss primarily to an investment in expanding operations, including additional employees, marketing expenditures and infrastructure improvements.
Abazias reports it features more than 80,000 diamonds valued at over $400 million on its site, Abazias.com.
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