Company Profile For Bidz.com, Inc.

Bidz.com, Inc. (BIDZ.O) (Consolidated Issue listed on NASDAQ Capital Market)

sector: Cyclical Consumer Goods & Services · industry: Retail - Catalog & Internet Order ·

As of 10:02pm IST

2.37USD

Price Change

-0.02

Percent Change

-0.84%

Analyst Recommendations

Overview

Bidz.com, Inc. is an online retailer of jewelry, featuring a live auction format. The Company offers its products through a continuous live format. The majority of its auctions are short-term, often lasting less than one hour. Its product inventory includes gold, platinum, and silver jewelry set with diamonds, rubies, emeralds, sapphires, and other precious and semi-precious stones, and watches. In addition to its own products, the Company has several independent merchants that sell art, collectibles and gift items. The Company offers to sell products through its Website at www.bidz.com. The Company offers products with a 15-day return policy on all merchandise.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, BIDZ.com, Inc.'s revenues decreased 50% to $58.1M. Net income decreased 74% to $2.1M. Revenues reflect decreased wholesale merchandise sales due to decrease online demand for jewelry and a significant fall in shipping & handling income. Net income also reflects decreased gross margins and a substantial increased in depreciation & amortization expenses.