09 Feb 2023
DiamondWorld Directory
Home |
Bidz.com’s Q4 net revenues rise 6%
New buyer count increased, but number of items sold per day dropped
By: Diamond World News Service
Mar 15 2011 1:48PM
Reference: 5837  


Bidz.com’s fourth quarter ending December 31, 2010, delivered a 6 percent increase (y-o-y) in net revenues, to $29 million, but a 96 percent drop in net profits to $15,000. The company’s cost of sales rose 13 percent to $21.9 million and is attributed to affect the drop in net profits. Yet, it has been able to ‘deliver year-over-year top-line growth for the first time in approximately two years during the fourth quarter’, as is quoted in reports.

In the quarter, number of new buyers increased by 20 percent (y-o-y) to 54,271, average gross selling price per order dropped 13 percent to $180, average number of orders per day increased 20 percent to 1,883, number of items sold per day fell 5 percent to 6.89 and average, 3.7 items were sold per transaction (4.6 items in Q4 of 2009).

The company has observed a slight downturn in consumer spending in early 2011, and is cautious that revenues in this year’s first quarter could dip between $23 million and $25 million ($26.5 million in first quarter of 2010) and a resultant loss of between 3-cents and 4-cents per share in the three months. Yet it is strengthening its product offering, increasing the variety of low and high-end brand name items.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32495
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 10215
GJEPC Chairman Interview
Views: 28571
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 40100
Promo for IJ Awards 2012 at NDTV Profit
Views: 57732
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 69271
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 22234
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 51421
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53849
Member of:
Supporter of: