Australias Kogan Posted Its First Profit In Ages. Stock Up 9%.

Kogan.com has reported a "return to profitability" happened in January, when it recorded its first positive underlying earnings since July 2022, totalling $1.5m.

It is down a LONG way from its old highs. Will be interesting to see if this is the start of any kind of price recovery.

Might be a bit too soon, but one to watch.

Comment:

Ran 30% before resuming its downward slide again.

Although not in the same league, Amazon and other online retailers just don't get the love these days from investors despite their growing popularity. Profitable or not.