Seattle-based e-commerce site Zulily amended its Form S-1 filing today to include its third quarter financial results, and they paint an interesting picture.
The company reported a quarterly net loss of $2.3 million, a 70 percent year-over-year improvement on its loss of $7.4 million in the same period last year. The company reported revenue of almost $167 million, up almost 120 percent from Q2 2013, putting the company over $400 million in revenue as of September. The quarterly loss drove the company’s overall profit for the year down to $500,000, but Q4 of 2012 was hugely profitable for the company, which means Zulily may be able to finish 2013 in the black, compared to a loss of $10.3 million last year.
It’s unclear what impact these new numbers might have on the company’s upcoming IPO. On one hand, the company’s business continues to grow, both year-over-year and quarter-over-quarter, which is a positive sign for the retailer. But this quarter’s loss may create some uncertainty among potential investors.
Given Zulily’s filing date, the company is expected to have its IPO some time in November, though the company hasn’t yet announced a date for its offering.
For a closer look at Zulily’s quarterly financials, click on the chart below.
