PLANO, Texas--(BUSINESS WIRE)--PFSweb, Inc. (Nasdaq: PFSW - News), an international business process outsourcing provider of end-to-end web commerce solutions and an online discount retailer, today announced its financial results for the fourth quarter and year ended December 31, 2007, which included 2007 Adjusted EBITDA results in excess of previously provided guidance.Summary of consolidated results for the fourth quarter ended December 31, 2007:
-- Total reported revenue was $122.0 million, compared to $109.0 million for the fourth quarter of 2006; -- eCOST.com revenue increased 35% to $28.5 million, compared to $21.1 million for the same period in the prior year; -- Adjusted EBITDA (as defined) was $3.5 million versus $0.9 million for the same period in the prior year; -- Net income, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $0.7 million or $0.01 per basic and diluted share, compared to a net loss of $6.5 million, or $0.14 per basic and diluted share, for the fourth quarter of 2006; -- Non-GAAP net income (as defined) was $1.1 million or $0.02 per basic and diluted share, compared to a non-GAAP net loss of $2.5 million, or $0.05 per basic and diluted share, for the fourth quarter of 2006; -- Merchandise sales (as defined) totaled approximately $850 million for the fourth quarter of 2007 versus approximately $789 million for the same period in the prior year; -- Total cash, cash equivalents and restricted cash equaled $16.3 million as of December 31, 2007.
Summary of consolidated results for the year ended December 31, 2007:
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