Boxed, Inc. (NYSE: BOXD) Interview with Ceo Chieh Huang - RICH TV LIVE Podcast

Boxed, Inc. Announces Third Quarter 2022 Financial Results
Retail Gross Profit Increased YoY by 88.8%
Retail Gross Margin Increased YoY by 503 Basis Points
Gross Merchandise Value Increased YoY by 8.3% to $49.0 million
Retail Net Revenue Increased YoY by 8.9% to $41.6 million
Retail Net Revenue per Active Customer Increased YoY by 38.4% to $336

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“The team and I are very pleased to have met or exceeded many expectations on multiple levels in the third quarter. We are also proud to share the quick progress we have made on the strategic vision we announced last quarter, which increased focus on some of our fastest growing, stickiest, and most profitable areas of the business,” said Chieh Huang, Co-Founder and Chief Executive Officer. “By executing on the strategic vision to increase profitability, and as a result of certain financing cash inflows, we are also able to cut quarter over quarter cash consumption by more than half. We continue to actively explore additional capital markets opportunities, and we hope to further improve near term liquidity with the goal of an additional capital raise prior to year end.”

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Boxed, Inc. (NYSE: BOXD) Interview with Ceo Chieh Huang - RICH TV LIVE Podcast

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