Buy.com, an Aliso Viejo, Calif.-based e-tailer, reported revenues of $462 million for 2006, an increase of 34 percent from 2005. Gross profit increased 68 percent to $59.9 million, the company said.
Net revenue for the fourth quarter of 2006 was $162 million, up 45 percent from Q4 2005. Net income for the fourth quarter of 2006 was $8.8 million, while gross profit increased 99 percent from the fourth quarter of 2005 to $24.1 million, the company reported.
Buy.com continued its profitability in the first quarter of this year by achieving net income of $722,000 (excluding $154,000 of stock-based compensation), the company reported.