Bidz Q3 Revenues Up 48% to $40.1 Million, Site Averaged 8,814 Items Sold Per Day

[mandy]

For Q3, Bidz.com is reporting net income of $3.6 million on revenue of $40.1 million, compared with net income of $997,000 on sales of $27.1 million in the prior year. Year over year the company’s net income rose by 261% while revenue grew by 48%. Bidz.com attributes the big jump in profits to more daily orders and bigger tickets. The average items sold per day in the third quarter rose by 20.3% to 8,814 and the average order value grew by 39.5% to $173...

full article: http://www.internetretailer.com/dailyNews.asp?id=24415