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November 29, 2015 10:09 PM ET

Internet and Catalog Retail

Company Overview of Geeknet, Inc.

Company Overview

Geeknet, Inc., through its subsidiaries, operates as an online retailer for the global geek community in the United States. It operates through two segments, Website and Wholesale. The company sells collectibles, apparel, gadgets, electronics, toys, and other retail products for technology enthusiasts and general consumers through its Website, as well as certain products to its wholesale channel customers. It also distributes video game-themed merchandise for the gaming community through Web-stores; and sells theme-based products to brick-and-mortar retailers. The company was formerly known as SourceForge, Inc. and changed its name to Geeknet, Inc. in November 2009. Geeknet, In...

11216 Waples Mill Road

Suite 103

Fairfax, VA 22030

United States

Founded in 1995

120 Employees





Key Executives for Geeknet, Inc.

Chairman, Chief Executive Officer and President
Age: 47
Chief Financial Officer and Executive Vice President
Age: 51
Compensation as of Fiscal Year 2015.

Geeknet, Inc. Key Developments

Geeknet, Inc.(NasdaqGM:GKNT) dropped from NASDAQ Composite Index

Geeknet, Inc. will be removed from Nasdaq Composite Index.

Geeknet, Inc. Elects Stephen Cornick as Director

Geeknet, Inc. held the Annual Meeting of Stockholders on May 6, 2015. The Company's stockholders elected Stephen Cornick as director to the Board to serve for a one year term until the 2016 Annual Meeting.

Geeknet, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Geeknet, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenue of $19,083,000 against $22,691,000 a year ago. Loss from operations was $3,916,000 against $2,368,000 a year ago. Loss before income tax was $3,928,000 against $2,245,000 a year ago. Net loss was $3,928,000 or $0.58 per basic and diluted share against $2,245,000 or $0.34 per basic and diluted share a year ago. Net cash used in operating activities was $17,349,000 against $8,627,000 a year ago. Purchase of property and equipment were $70,000. Adjusted EBITDA was $3,306,000 against $1,875,000 a year ago.

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