Annual web sales sky for GameFly.com

GameFly closed out fiscal 2010 with a solid increase in sales of 19.8%. 

Mark Brohan

Online games rental company GameFly Inc. closed out fiscal 2010 with a solid increase in sales, but also with lower net income, the company reports in new initial public offer documents filed recently with the U.S. Securities & Exchange Commission.

 For the 2010 fiscal year ended March 31, GameFly, No. 157 in the Internet Retailer Top 500 Guide, recorded:

 In February, GameFly filed for an initial public offering with the SEC. GameFly could raise up to $50 million from the public offering and would use the capital for general business development and potential acquisitions. GameFly has yet to set specific terms or a final date for going public.

 For the fourth quarter, GameFly also reported:


e-commerce sales, GameFly, Games