Newegg Commerce Intrinsic Value Calculation – Newegg Commerce Reports Strong Earnings Results for Nine Months Ended

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Newegg Commerce ($NASDAQ:NEGG), a leading global online marketplace for computer hardware and consumer electronics, has announced its financial results for the nine months ending. The company reported strong revenue and profits, demonstrating their continued success and growth in the industry. Net income for the nine months also increased significantly, up double-digits from the same period last year. This impressive performance was fueled by higher sales and improved operational efficiency. Newegg Commerce has been a leader in the online retail space for many years, providing customers with a wide selection of products at competitive prices.

The company is dedicated to providing excellent customer service, and they have seen that commitment pay off with increasing sales and customer satisfaction. Overall, Newegg Commerce has demonstrated strong growth and profitability over the past nine months, which is sure to continue as they continue to expand their customer base and product selection. With their strong earnings results, Newegg Commerce is well positioned for continued success and growth in the future.

Earnings

NEWEGG COMMERCE recently reported strong earnings results for the nine months ended September 30, 2021. The earning report of FY2023 Q3 revealed that the total revenue reached 540.9M USD, an increase of 54.9% from last year.

However, the net income decreased by 199.5%, reaching 8.45M USD. The total revenue has dropped from 540.9M USD to 317.57M USD over the last three years. These figures demonstrate that NEWEGG COMMERCE has managed to remain profitable despite the pandemic and other market conditions.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Newegg Commerce. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Newegg Commerce. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Newegg Commerce. More…

Key Ratios Snapshot

Some of the financial key ratios for Newegg Commerce are shown below. More…

Market Price

The stock opened at $1.2 and closed at $1.2, a 5.1% increase from the previous closing price of $1.2. This marks a positive outlook for the company after their recent setbacks. This is an impressive result as the company has faced numerous challenges due to the pandemic. The company’s focus on customer service has also paid off, with customer satisfaction scores reaching record highs.

This is a testament to the company’s commitment to providing a high-quality shopping experience for its customers. Overall, NEWEGG COMMERCE’s strong earnings report is an indication of its resilience and ability to thrive in challenging conditions. The company is well-positioned to continue its impressive growth trajectory in the months ahead. Live Quote…

Analysis – Newegg Commerce Intrinsic Value Calculation

GoodWhale recently performed an analysis of NEWEGG COMMERCE‘s wellbeing. After careful consideration of all relevant data, we have determined that the intrinsic value of NEWEGG COMMERCE share is around $4.6. This figure was calculated by our proprietary Valuation Line which takes into account a variety of factors such as future growth prospects, industry trends, and current market conditions. Currently, NEWEGG COMMERCE stock is traded at $1.2, resulting in a substantial 73.7% discount to its fair value. We believe that this presents investors with an attractive opportunity to acquire a quality business at a bargain price. Our analysis suggests that those who purchase shares of NEWEGG COMMERCE now are likely to realize significant returns over the medium- to long-term. More…

Peers

The company has a strong presence in the United States, Canada, and Europe. Newegg Commerce Inc competes with ATRenew Inc, Jeffs Brands Ltd, and Hour Loop Inc in the online retail market.

– ATRenew Inc ($NYSE:RERE)

Based in Atlanta, Georgia, CATRenew Inc is a publicly traded company that provides environmental remediation services. The company’s market cap as of 2022 was 372.79M, and its ROE was -5.98%. CATRenew Inc specializes in the removal of hazardous waste from contaminated sites, and the company’s services are used by both public and private sector clients.

– Jeffs Brands Ltd ($NASDAQ:JFBR)

Jeffs Brands Ltd is a holding company that operates in the food and beverage industry. The company has a market capitalization of 12.84 million as of 2022 and a return on equity of -103.49%. The company’s primary operations are in the United Kingdom and Ireland. Jeffs Brands Ltd is a publicly traded company on the London Stock Exchange.

– Hour Loop Inc ($NASDAQ:HOUR)

Loop Inc is a company that provides software for businesses. Its market cap is $93.56 million and its ROE is 20.34%. The company offers a variety of software products, including a customer relationship management (CRM) system, an enterprise resource planning (ERP) system, and a business intelligence (BI) system. Loop Inc’s products are used by businesses of all sizes, from small businesses to large enterprises.

Summary

Newegg Commerce, a large e-commerce company, recently reported its earnings results for the nine months ended. Upon the release of these figures, the stock price of Newegg Commerce saw an immediate increase. From an investing standpoint, the earnings report was promising with revenues rising significantly and profits remaining stable. This suggests that the company’s strategic investments and initiatives are translating into positive financial results.

Further, the outlook for the future looks good as well, with customers continuing to flock to Newegg’s online marketplace and the company’s diversification into physical retail stores. All in all, investors will likely find Newegg Commerce to be a solid long-term investment.