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Boxed, an e-commerce grocery platform listed on NYSE as BOXD and BOXDWS, announces its participation in the Canaccord Genuity eCommerce Sustainable Advantage Virtual Forum. The Company will host a fireside chat on March 24, 2022, at 4:00 p.m. ET. This event will be streamed live and available for replay on Boxed’s Investor Relations website. Boxed aims to simplify bulk purchasing without requiring a membership, leveraging its proprietary technology to serve both consumers and businesses while promoting strong Environmental, Social, and Governance (ESG) practices.
Boxed, Inc. reported its financial results for the fourth quarter and fiscal year ending December 31, 2021. Despite a net revenue decrease to $177.3 million for the year, the Company achieved 50.4% gross profit growth in Q4, totaling $9.2 million. The Software & Services segment generated $20.3 million in annual revenue. The Company ended the year with $105 million in cash and total debt of $132.5 million. Looking ahead, Boxed expects to generate $220 to $245 million in net revenue in FY 2022, despite an anticipated Adjusted EBITDA loss of $70 to $80 million.
Boxed, Inc. (NYSE: BOXD, BOXD WS) will report its fourth quarter and fiscal year results for the period ending December 31, 2021, on March 15, 2022, after market close. A conference call and webcast will be hosted at 4:30 p.m. ET the same day to discuss the results. The live webcast can be accessed through the Boxed Investor Relations website. Boxed operates as an e-commerce grocery platform, providing bulk consumables to customers without membership requirements.
Boxed, an e-commerce grocery platform, announced participation in the 2022 ICR Conference. A fireside chat will take place on January 11, 2022, at 10:30 a.m. ET, and will be webcast live. The event aims to enhance investor relations and showcase Boxed's business model, which includes selling bulk consumables and licensing e-commerce software.
Boxed operates without requiring a big-box store membership, leveraging advanced technology for its services. The investor relations details can be found on Boxed's website.
Boxed, Inc. (NYSE: BOXD, BOXD WS) announced the completion of its business combination with Seven Oaks Acquisition Corp, as disclosed in its Super 8-K filing. Key financial highlights include a 20% year-over-year increase in net revenue to $49.0 million for Q3 2021, driven by $10.8 million from Software and Services. The gross margin rose to 25.8%, boosted by higher-margin revenue. Additionally, Boxed raised approximately $198 million on December 8, 2021, to support growth initiatives. The recent acquisition of MaxDelivery is set to enhance Boxed's presence in the fast-grocery delivery market.