Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 168

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 18
Chunk 168
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  Gross profit                                                           131,488         167,557         216,626  
  Selling, general, and administrative expenses                          183,039         238,641         266,164  
  Loss from operations                                                  ( 51,551        ( 71,084        ( 49,538  
  Interest income                                                          2,721           2,348           1,164  
  Interest expense                                                         ( 952         ( 2,541           ( 685  
  Other income, net                                                        3,553           2,759           5,280  
  Impairment of equity method investment                                       —               —         ( 2,281  
  Gain from sales of investment                                            1,619           6,835           1,669  
  Change in fair value of warrants liabilities                                 4              11           1,063  
  Loss before provision for income taxes                                ( 44,606        ( 61,672        ( 43,328  
  Provision for (benefit from) income taxes                              ( 1,278         ( 2,682          14,101  
  Net loss                                                             $( 43,328       $( 58,990       $( 57,429  
  Basic and diluted loss per share (1)                                   $( 2.25         $( 3.12         $( 3.08  
  Weighted average shares used in computation of loss per share:                                                  
  Basic and diluted (1)                                                   19,285          18,928          18,653  

  (1)      Retroactively adjusted for the twenty-to-one share combination, effective April 7, 2025 – See Note 1  

See accompanying notes to consolidated financial
statements.

F-4

NEWEGG COMMERCE, INC.

Consolidated Statements of Comprehensive Loss

Years ended December 31, 2024, 2023 and
2022

(In thousands)

                                                2024                    2023                    2022                
  Net loss                                      $         ( 43,328      $         ( 58,990      $         ( 57,429  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Foreign currency translation adjustments                 ( 2,494                   ( 920                 ( 4,946  
  Comprehensive loss                            $         ( 45,822      $         ( 59,910