Fatbrain.com Inc. (Nasdaq: FATB) lost a penny less than analysts expected in the second quarter.
In fiscal second quarter results released after market close Wednesday, the retailer of books, manuals and other training materials posted a net loss of $5.9 million, or 52 cents per share. First Call's survey of five analysts predicted a loss of 53 cents per share for the quarter ended July 31.
Second quarter revenues from the company's online business totaled $5.8 million, more than double the $2.5 million generated from Internet sales a year ago. Total revenue, including sales from physical stores, trade shows and book fairs, rose 53 percent to $7.4 million from $4.8 million in the year earlier period.
Fatbrain.com added 35,000 names to its customer list in the second quarter. The company now has more than 138,000 customers, including more than 800 new corporate accounts. Online accounts rose 34.6 percent during the quarter. Repeat orders generated more than half of all orders placed.
The company, formerly known as Computer Literacy Inc., recently completed a study that showed brand awareness has tripled since the name change four months ago.
Shares of Fatbrain.com gained 3/4 to 14 13/16 in regular trading prior to the quarterly report. Of five analysts polled by Zack's Investment Research, three rate the stock a "strong buy" and two rate it a "buy".>