PFSweb Reports First Quarter 2019 Results
PFSweb, Inc. (PFSW)
Last pfsweb, inc. earnings: 3/12 04:05 pm
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US:NASDAQ Investor Relations:
ir.pfsweb.com/investor-relations
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Source: GlobeNewswire
ALLEN, Texas, May 09, 2019 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ: PFSW), a global commerce services company, is reporting results for the first quarter ended March 31, 2019. First Quarter 2019 Summary vs. Same Year-Ago Quarter Total revenues were $72.1 million compared to $78.4 million.Service fee equivalent (SFE) revenue (a non-GAAP measure defined below) was $51.9 million compared to $56.9 million.Service fee gross margin was 34.0% compared to 37.0%.Net loss was $1.2 million or $(0.06) per share, compared to a net loss of $0.7 million or $(0.04) per share.Adjusted EBITDA (a non-GAAP measure defined below) was $3.3 million compared to $4.4 million. Management Commentary“During the first quarter, we continued to perform at a high level for clients across both our LiveArea and PFS business segments, while introducing several new growth initiatives,” said Mike Willoughby, CEO of PFSweb. “These initiatives include next-generation PFS FaaS products like RetailConnect and CloudPic
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