January 1, 1970 - POLCQ
Polished.com Inc. Financial Overview
Polished.com Inc. operated as an e-commerce platform specializing in appliances, furniture, and home goods within the United States. Their product range included household appliances such as refrigerators, ranges, ovens, dishwashers, and more. Additionally, they offered furniture, décor, lighting, and other home essentials. The company also provided appliance installation and old appliance removal services. Founded in 1951, Polished.com Inc., formerly known as 1847 Goedeker Inc., was headquartered in Brooklyn, New York.
Important Note: On March 7, 2024, Polished.com Inc. and its affiliates filed for Chapter 7 bankruptcy. This overview analyzes the company's financial data leading up to the filing.
Financial Highlights
| Metric | 2023-09-30 | 2023-06-30 | 2022-12-31 |
|---|---|---|---|
| Total Revenue | $77,818,000 | $87,761,000 | $103,764,000 |
| Gross Profit | $15,305,000 | $19,580,000 | $14,595,000 |
| Net Income | -$6,634,000 | $1,004,000 | -$122,308,000 |
| Net Working Capital | $16,545,000 | $22,870,000 | $25,859,000 |
Hypothetical Revenue Breakdown
Analysis
While specific financial analysis and investment advice is outside the scope of this overview, the provided data allows for a high-level understanding of Polished.com Inc.'s financial performance leading up to its bankruptcy filing. It's crucial to consult with a qualified financial advisor for a comprehensive analysis and investment guidance.
"Did you know? The U.S. e-commerce market is vast and highly competitive. Factors like changing consumer behavior, supply chain disruptions, and increased competition can significantly impact a company's success in this industry."
