Aliso Viejo-based Buy.com Inc., which canceled a public offering bid late last year, said it saw solid sales growth in the second quarter, though its net loss widened.
The online retailer on Tuesday said its revenue shot up 32% to $101.8 million compared to a year earlier. It also was slightly up from the $99.9 million the company posted in the first quarter.
However, the company posted a loss of $3.1 million in the quarter, versus a loss of $2.1 million a year ago. The company posted a loss of $2.6 million in the first quarter.
The company boosted gross profit to $11.9 million, or 11.7% of sales, in the second quarter. That’s up from $7.7 million, or 10% of sales, during the year-ago period.
The company’s results come on the heels of a $3 million ad campaign that began last September.
