BIDZ Bidz.com, Inc. featured news, full reports, and detailed charts
Bidz.com, Inc. (BIDZ) Wrap Up:
We are a leading online retailer of jewelry, featuring a live auction format. We have established our retail brand in the online marketplace by offering high-quality merchandise, a unique user-friendly shopping experience, and the opportunity for buyers to achieve significant cost savings versus traditional retail channels. A key to our success has been our ability to efficiently and effectively source jewelry merchandise and rapidly respond to changing consumer demands for certain jewelry. We offer our products through a continuous live format, featuring a $1 minimum opening bid, and a unique 15-second auction extension period that allows our auctions to continue until all bids are received. The majority of our auctions are short-term, often lasting less than one hour, providing immediate gratification to our customers and encouraging frequent visits and active viewing of our website. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f12%2f0001104659-08-016837.html#FIS_BUSINESS"BIDZ.com, Inc. (BIDZ:NASDAQ)
Snapshot of BIDZ.com, Inc. (BIDZ)
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OPEN
$2.44
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PREVIOUS CLOSE
$2.41
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DAY HIGH
$2.45
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DAY LOW
$2.34
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52 WEEK HIGH
12/11/08 - $5.28
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52 WEEK LOW
11/20/08 - $2.20
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MARKET CAP
53.5M
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AVERAGE VOLUME 3 mo
40.4K
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DILUTED EPS TTM
$0.22
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SHARES OUTSTANDING
22.1M
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BIDZ Does Not Pay Dividends
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P/E TTM
11.0x
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related news
Indexes gained Tuesday after the financial giant got a $7.5 billion cash infusion. But concerns about the credit market and broader economy persist
BIDZ Top Compensated Officers
Executives, Board Directors
Key developments for BIDZ.com, Inc. (BIDZ)
BIDZ.com, Inc. reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported income from operations of $85,000, income before income tax expense of $67,000, net income of $39,000 on net revenues of $24,786,000 against income from operations of $5,541,000, income before income tax expense of $5,458,000, net income of $3,259,000 or $0.13 diluted per share on net revenues of $55,356,000 for the same period a year ago. The decrease in Revenue was primarily a result of the soft global economy, as well as a decrease in wholesale (B2B) merchandise sales to $0.9 million, compared with $17.2 million in the same period of 2008. For the nine months, the company reported income from operations of $3,792,000, income before income tax expense of $3,761,000, net income of $2,173,000 or $0.10 diluted per share on net revenues of $82,907,000 against income from operations of $19,644,000, income before income tax expense of $19,493,000, net income of $11,479,000 or $0.45 diluted per share on net revenues of $172,271,000 for the same period a year ago. The company also reported net cash provided by operating activities of $20,740,000 and capital expenditures of $514,000 against net cash provided by operating activities of $20,000 and capital expenditures of $324,000 for the same period a year ago. The company provided earnings guidance for the fourth quarter of 2009. The company is introducing new revenue guidance for the fourth quarter of 2009 of $28-$32 million, gross profit margin of approximately 28-30%, pre-tax income of approximately $0.4-$1.5 million and expects fully taxed GAAP EPS of $0.01-$0.04. The Company's results will be affected by its ERP conversion in the fourth quarter of 2009, but the company expects to resume normalized operations in the first quarter of 2010.
BIDZ.com, Inc. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on November 9, 2009).
BIDZ.com, Inc., Q3 2009 Earnings Call, Nov-09-2009
BIDZ Competitors
| Company | Last | Change |
| Blue Nile Inc | $57.19 USD | -0.04 |
| Enable Holdings Inc | $0.23 USD | 0.00 |
| JC Penney Company Inc | $29.43 USD | +0.04 |
| Overstock.com Inc | $15.73 USD | +0.19 |
| Zale Corp | $4.34 USD | -0.23 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | BIDZ | Industry Range |
| Price/Earnings | 10.8x |
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| Price/Sales | 0.5x |
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| Price/Book | 1.6x |
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| Price/Cash Flow | 9.1x |
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| TEV/Sales | 0.4x |
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BIDZ |
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BIDZ transactions
| Type Date |
Target |
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Merger/Acquisition
September 10, 2009 |
Whitehall Jewelers Holdings, Inc., Customer Database |
More Recent News About Bidz.com, Inc.
More news for BIDZ
Bidz.com, Inc. to Report Third Quarter 2009 Financial Results and Host a Conference Call on Monday, November 9
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Online Travel Retailers Next Internet Sector To Benefit From Rebound In Consumer Spending: Veteran Equity Analyst Shares His Picks And Pans
67 WALL STREET, New York - October 27, 2009 - The Wall Street Transcript has just published its Online And Direct To Consumer Retailing Report offering a timely review of the sector to serious investors and industry executives. This feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Online Retailer Profit Margins Vs. Bricks-And-Mortar Retailers - Uptick In Internet Commerce - Secular Shift In Market Share To Internet Retailers - Post-Crunch Consumer Confidence - Growing Market Share For Online Travel Agents - Possible Consolidation Of HSN, Inc. - Amazon As The "Wal-Mart Of The Internet" - Online Marketing Vs. In-Store Marketing - Maximized Markdowns - Online Traffic Conversion Rates - Social Networking To Drive Brand Awareness - Online Sales Holiday Outlook - E-Commerce As A Path To International Expansion Companies include: Abercrombie & Fitch (ANF); Amazon (AMZN); Ann Taylor (ANN); Apple (AAPL); Ask.com (IACI); Bebe (BEBE); Best Buy (BBY); Bidz.com BIDZ); Dell (DELL); Dick's Sporting Goods (DKS); Expedia (EXPE); GSI Commerce (GSIC); GameStop (GME); Gap (GPS); General Motors (GM); Google (GOOG); HSN (HSNI): Hot Topic (HOTT); Interactive Corp. (IAC); Liberty Media Interactive (LINTA); LivePerson (LPSN); MercadoLibre (MELI); Move Inc. (MOVE); Orbitz (OWW); Pacific Sunwear (PSUN); Quiksilver (ZQK); Ralph Lauren (RL); ShopNBC/ValueVision (VVTV); South Korea's Gmarket (EBGMy); Sport Supply Group (RBI); Staples (SPLS); S...Click here to read the whole Article (external link)
Q3 2009 BIDZ.COM Earnings Release - After Market Close
Earnings Announcements for Monday, November 9CompanySymbolTimeConferenceCall4Kids EntertainmentKDEBefore Market OpenAbatixABIX.PKAfter Market CloseAbraxas PetroleumAXASAfter Market CloseListenACADIA PHARMACEUTICALS INCACADAfter Market CloseADVANCED BATTERY TECHNOLOG INCABATAfter Market CloseAdvanced PhotonixAPIAfter Market CloseListenAdvanta CorporationADVNATime Not SuppliedAdvocatAVCAAfter Market CloseListenAlbany Molecular ResearchAMRIBefore Market OpenAlesco Financial Inc.AFNAfter Market CloseAlexza Pharmaceuticals Inc.ALXAAfter Market CloseListenAlliance One International, Inc.AOIAfter Market CloseAllianz SEAZSEY.PK01:30 am ETListenALLION HEALTHCARE INCALLITime Not SuppliedALPHATEC HOLDINGS INCATECTime Not SuppliedAmerican CareSource Holdings, Inc.ANCIAfter Market CloseA...Click here to read the whole Article (external link)
Bidz.com Announces Financial Results for the Third Quarter 2009
* Stable financial position with approximately $30.4 million in positive working capital * 404,815 shares repurchased during the third quarter at an average price of $3.50 * Branded Sales exceed Non-Branded Sales for the first time in August and again in September * Company goes live with its 24/7 Call Center CULVER CITY, Calif., Nov. 9, 2009 (GLOBE NEWSWIRE) -- Bidz.com (Nasdaq:BIDZ - News), a leading online retailer of jewelry, announced results for the third quarter ended September 30, 2009. Net revenues for the third quarter of 2009 were $24.8 million, compared with $55.4 million reported in the third quarter of 2008, with domestic and international sales representing 62.2% and 37.8%, respectively. The decrease was primarily a result of the soft global economy, as well as a decrease in wholesale (B2B) merchandise sales to $0.9 million, compared with $17.2 million in the same period of 2008. Excluding B2B sales in both periods, net revenues were $23.9 million, a decline of 37.4% from the prior year. This decline is significantly smaller on a year-over-year basis than the previous two quarters. As a percentage of total revenue, the Company's international sales increased 17.1% to 37.8% from 20.7% in the prior year due to the relatively stronger demand for the Company's products overseas. In the third quarter 2009, gross profit was approximately $7.2 million, compared with $13.3 million in the third quarter of 2008. Gross margin in the third quarter of 2009 increased to 28.9...Click here to read the whole Article (external link)
Bidz.com downgraded by Roth Capital
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Bidz.com Third Quarter 2009 Earnings Call scheduled for 4:30 pm ET today
Call DetailsBidz.com Third Quarter 2009 Earnings Conference CallMon, Nov 9, 2009, 4:30 pm EasternAbout BIDZ.com (NasdaqCM:BIDZ)Bidz.com, Inc. operates as an online retailer of jewelry in the United States and internationally. It operates a Web Site, bidz.com, for the purpose of selling merchandise, utilizing an online sales auction platform; and a fixed price online store at www.buyz.com. The companys product inventory includes gold, platinum, and silver jewelry sets with diamonds, rubies, emeralds, sapphires, and other precious and semi-precious stones; and a selection of jewelry, including rings, necklaces, earrings, bracelets, jewelry sets, and watches and accessories. It also acts as an agent in the sale of certified merchant merchandise owned by third parties. The company was founded in 1998 and is headquartered in Culver City, California.More Info:Quote |Profile |Reports |Research |Insider |Financials | Analyst Ratings...Click here to read the whole Article (external link)
BIDZ.COM, INC. Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with the financial statements and related notes which appear elsewhere in this form. This discussion contains forward-looking statements. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including various risks and uncertainties discussed below and throughout this report. Overview We are a leading online retailer of jewelry, featuring a live auction format. We have established our retail brand in the online marketplace by offering high-quality merchandise, a unique user-friendly shopping experience, and the opportunity for buyers to achieve significant cost savings versus traditional retail channels. A key to our success has been our ability to efficiently and cost effectively source closeout and regular jewelry merchandise, and rapidly respond to changing consumer demands for jewelry, watches and accessories. We offer our products through a continuous live format, featuring a $1 minimum opening bid, and a unique 15-second auction extension period that allows our auctions to continue until all bids are received. On select auctions we maintain a reserve price that must be met before a sale will be consummated. The majority of our auctions are short-term, often lasting less than one hour, providing immediate gratification to our customers and encouraging frequent visits and active viewing of our website. In addition to our auction site we have a fixed pricing format that offers similar merchandise as those listed for auction. This online store provides us access to different types of consumers and we will plan to offer customers the ability to design their own jewelry including diamond earrings and rings in the near future. Our product inventory includes gold, platinum, and silver jewelry set with diamonds, rubies, emeralds, s...Click here to read the whole Article (external link)
BIDZ.COM, INC. Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue24,786 26,944 31,177 35,139 Cost of Revenue17,621 18,710 20,991 23,065 Gross Profit7,165 8,234 10,186 12,074 Operating ExpensesResearch Development - - - - Selling General and Administrative6,879 6,875 7,466 7,391 Non Recurring - - - - Others200 193 180 185 Total Operating Expenses - - - - Operating Income or Loss86 1,166 2,540 4,498 Income from Continuing OperationsTotal Other Income/Expenses Net - - 2 16 Earnings Before Interest And Taxes86 1,166 2,542 4,514 Interest Expense19 3 11 7 Income Before Tax67 1,163 2,531 4,507 Income Tax Expense28 544 1,016 1,583 Minority Interest - - - - Net Income From Continuing Ops39 619 1,515 2,924 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting...Click here to read the whole Article (external link)
