Buy.com remains on a profitable roll
Though the company isn’t breaking out all of its numbers, Buy.com Inc. posted solid financial results in the third quarter.
Buy.com reported Q3 net income of $411,000, compared with a loss of $5.6 million in the third quarter of 2006. The Q3 results excluded $95,000 of stock-based compensation and marked Buy.com’s fourth consecutive quarter of profitability. Buy.com, No. 38 in the Internet Retailer Top 500 Guide, didn’t break out sales for the quarter.
For the first nine months of the year, Buy.com also is reporting total sales of more than $300 million and net income of $2.1 million. The January through September results excluded $95,000 of stock-based compensation. The company didn’t break out sales or net income numbers for the prior year.
“Just as Buy.com has begun celebrating its 10-year anniversary, these earnings cap one of our most successful 12-month runs in company history," says CEO Neel Grover. "Over the past year, we have made numerous enhancements to the site, striving to be the first and final place consumers look to do their shopping."
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