Pure-play online retailer Kogan.com had record breaking Christmas sales, according to preliminary numbers.
Founder and CEO Ruslan Kogan says he’s pleased with the December quarter performance.
“I’m very proud of the entire Kogan.com team for achieving a record breaking quarter this Christmas sales season,” says Kogan.
At the close, Kogan.com shares were down 4.7% to $6.48. The company listed on the ASX in 2016 at $1.80.
The company produced a net operating cash flow of $4.2 million for the quarter. At the end of December, Kogan.com had cash of $28.2 million, and access to a $10 million bank facility.
Deatil on the Christmas sales will be released when Kogan.com announces half year results next month. In August, the company posted a full year after tax profit of $3.74 million, a 362.3% rise.