Newegg Commerce Inc Stock Price, News & Analysis

Newegg Commerce, Inc. (NASDAQ: NEGG) announced guidance for Q3 2022, citing challenges from macroeconomic conditions, inflation, and shifts in consumer spending. For the first half of 2022, it reported net sales of $890.5 million, a gross profit of $110.8 million, and a net loss of $18.9 million. For Q3, expected net sales range between $358.8 million and $383.3 million, with a projected net loss of $10.1 million to $8.5 million. Newegg plans multiple initiatives, including early Black Friday promotions and tech product launches, to enhance customer experience and drive sales.

Newegg Commerce (NASDAQ: NEGG) is participating at PAX West, a major gaming convention in Seattle, from September 2-5. The company is showcased in Intel's booth (Nos. 2301 and 2503), featuring exclusive giveaways and the chance to win a custom-built Intel Gamer Days gaming PC with a 12th Gen Intel® Core™ i9-12900K processor. Newegg will also host presentations and contests for attendees, including a $1,000 spending spree for T-shirt wearers. Promotions related to Intel's Gamer Days are available on Newegg's website through September 5.

Newegg Commerce, Inc. (NASDAQ: NEGG) announces its promotional sale for Intel Gamer Days, running from today until Sept. 4. The sale features discounts on Intel processors, gaming PCs, and laptops. A highlight includes a sweepstakes for a custom PC build valued over $3,400. Additionally, customers can enjoy exclusive game codes with qualifying purchases. Newegg will also showcase promotional pricing at the Intel PAX West booth in Seattle. Director of Product Management, Jim Tseng, emphasizes the value of these offerings for consumers.

Newegg Commerce, Inc. (NASDAQ: NEGG) is participating in the CNE Gaming Garage Powered by AMD from August 19 to September 5 in Toronto. The company will showcase a custom Advanced Battlestations (ABS) gaming PC valued over $3,000 CAD as part of a sweepstakes. Attendees can win the PC by entering through a QR code. Newegg's team will also distribute merchandise during the opening weekend and discuss AMD gaming products. This event highlights Newegg's engagement with the gaming community in Canada.

Newegg Commerce, Inc. (NASDAQ: NEGG) has launched a new tool called Laptop Finder, designed to help customers choose the best Windows-based laptops. This tool simplifies the laptop selection process by guiding users through prompts related to their needs, budget, and desired features. It offers personalized recommendations and ranks laptops based on selected criteria. The launch aligns with the season as college students prepare for new academic purchases. Oscar Wong, Senior Director of Product Management, emphasized that this tool alleviates the confusion often associated with laptop shopping.

Newegg Commerce (NASDAQ: NEGG) has announced an extension of its internship program, introducing a fall session focused on graphic design, media production, and brand marketing. The six-week program, commencing in September, aims to provide high school and college students with hands-on experience in technology and gaming. The initiative encourages mentorship, collaboration across departments, and culminates in presentations for company leaders.

Newegg Commerce (NASDAQ: NEGG) has expanded its promotional sale, Just Deals Vol. 2, offering discounts on vital PC components such as GPUs, motherboards, and monitors. The sale will continue through mid-August, aiming to boost sales following the recent launch of JustGPU.com, a website dedicated to graphics cards. Customers can filter GPUs by various metrics, enhancing their shopping experience. Newegg emphasizes simplifying the purchasing process and providing competitive pricing in a strong market for gaming components.

Newegg Commerce, Inc. (NASDAQ: NEGG) has announced that its YouTube reality-competition series, “The Gamer Lounge,” will feature a new episode weekly. The show allows viewers to predict winners, with prizes including an Xbox Series S and Thrustmaster peripherals. Each episode showcases four players, including social media influencers, competing in various games. Originally a limited series starting July 2021, its weekly format reflects growing viewer interest. Newegg Studios plans further original content in 2022, emphasizing its commitment to engaging technology-focused media.

Newegg Commerce, Inc. (NASDAQ: NEGG) has launched the Just Deals Sale, offering significant discounts on popular PC gaming upgrades including GPUs, motherboards, and monitors. The sale runs through the end of July and aims to simplify the shopping experience for gamers. This initiative follows the launch of JustGPU.com, a dedicated platform for comparing graphics cards by key features. CEO Anthony Chow emphasized that this sale enhances affordability and ease in PC building and upgrading.