Geeknet, Inc. (GKNT) Misses Q1 EPS by 36c

Geeknet, Inc. (NASDAQ: GKNT) reported Q1 EPS of ($0.62), $0.36 worse than the analyst estimate of ($0.26). Revenue for the quarter came in at $23.4 million versus the consensus estimate of $24.87 million.

Adjusted EBITDA loss for the second quarter of 2014 was $3.0 million, compared to an adjusted EBITDA loss of $0.4 million for the same period a year ago.

Second Quarter Highlights:

• Wholesale revenue grew to $5.6MM, up 48% when compared to the second quarter of 2013
• We delivered over 474 new products to our customers, including 74 exclusive items
• Our conversion rate improved to 1.67% from 1.44% in 2013

For earnings history and earnings-related data on Geeknet, Inc. (GKNT) click here.

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