CDON AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 20, 2022 at 07:00 am
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CDON AB reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SEK 97.5 million compared to SEK 113.6 million a year ago. Net loss was SEK 24.5 million compared to SEK 8.5 million a year ago. Basic loss per share from continuing operations was SEK 3.8 compared to SEK 1.38 a year ago. Diluted loss per share from continuing operations was SEK 3.8 compared to SEK 1.38 a year ago.
For the nine months, sales was SEK 309.7 million compared to SEK 364 million a year ago. Net loss was SEK 83.9 million compared to SEK 46.1 million a year ago. Basic loss per share from continuing operations was SEK 13.01 compared to SEK 7.62 a year ago.
Cdon AB is a Sweden-based company that offers the online marketplace. On CDON.com, external merchants sell their products to Nordic consumers. Customers can choose to shop and compare prices on products. The company develops the offer for merchants so that they can have access to technical support for pricing, product enrichment, integrations with other service providers and support for reporting and analysis. The company's operations are divided into two operating segments: the core area CDON Marketplace, whose sales come from third-party sellers and other service revenue, and the complementary business area CDON Retail, whose sales are made directly by CDON via its own warehouse or dropshipment.
CDON AB 
