RedEnvelope Inc. reported a net loss $3.5 million for the second quarter, an improvement over a net loss of $3.9 million last year.
The online gifts marketer reported net revenue of $13.1 million for the quarter ended Oct. 2, up 24.1% from 10.6 million last year.
“Our top line growth of 24.1% over the second quarter of fiscal 2005 was driven in part by a successful summer sale event,” said Alison May, CEO of the San Francisco firm in a statement
