
Beyond Inc. ($BYON) reported its fourth-quarter results, revealing a total net revenue of $303 million, a decline of 21.1% year-over-year. The company also posted a net loss of $81.3 million, an improvement from a loss of $94.6 million in the previous year. Despite the revenue drop, orders increased to 1.7 million from 1.6 million quarter-over-quarter. However, the number of active customers fell to 5.4 million, down from 6 million. Analysts noted that the decline in revenue may be attributed to the removal of unprofitable stock-keeping units (SKUs) from the company's website. The company sold its headquarters during the quarter, which contributed a one-time cash inflow. Investors are keenly awaiting further insights from the upcoming earnings call scheduled for tomorrow morning.
$BYON Net loss of $81.3mm compared YoY with a loss of $94.6mm. Revenue -21% to $303.2mm. Orders rose to 1.7m from 1.6m QoQ, with active customers declining to 5.4mm from 6mm.
Although the Backlog was a little disappointing having dropped (-0.41%) YoY, EPS growth was solid with the adjusted number up 14.8%. With guidance of 15% growth expected in Revenues and EPS, I'll be keeping $KBR in my portfolio for the foreseeable future. https://t.co/hYkogZJWL0
$BYON - Initial takawys. I fully admit the -21% y/y revenue growth had me concerned. However, as you move down the I/S, that decline makes more sense, as they clearly removed unprofitable SKUs from the website. Thoughts - 1. The slide below is all that matters - specifically the… https://t.co/tFYG3ff7KY



