For the fourth quarter that carried the company over the billion dollar sales mark, Wayfair, Inc. posted a net loss of $58.1 million, or 73 cents per share, versus a net loss of $8.9 million, or 22 cents per share, in the previous-year period. Adjusted loss, excluding equity based compensation and associated taxes, for the quarter was $406,000, or 18 cents per share, the online retailer announced.
Wayfair beat published analyst per-share earnings estimates by a dime.
Net revenue was $408.6 million versus $295.3 million in the year-earlier quarter. Loss from operations was $72.5 million in the quarter versus $4.39 million in the period the year before, company reported.
For the full fiscal year, net loss was $148.1 million, or $2.97 per share, versus $15.5 million, or 99 cents per share, in the 2013 fiscal year, the company stated. Adjusted loss for the year was $86.9 million. Net revenue was $1.32 billion versus $915.8 million in the previous fiscal year. Loss from operations was $147.8 million versus $16 million in the 2013 fiscal year.
“We’re very pleased with the fourth quarter and full year results, and the company’s continued strong growth,” said Niraj Shah, co-founder, CEO and co-chairman of Wayfair. “We are particularly excited about the success of our holiday merchandising efforts and our ongoing customer growth. We remain committed to both building the market-leading online home brands and to delivering long-term value for investors.”