US firm Beyond sees 27% surge in orders delivered in Q1 FY24

Beyond reported a 27 per cent year-over-year increase in orders delivered, reaching 2.2 million, and a 26 per cent rise in active customers to 6 million in Q1 FY24.
Despite this growth, the company’s revenue saw only a slight increase of 0.3 per cent to $382 million.
Net loss in Q1 FY24 was $72 million.
The adjusted EBITDA was negative at $48 million.

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