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uSell.com, Inc. is a technology based company focused on extracting the maximum value from used mobile devices, at large scale. uSell acquires products from both individual consumers, on its website, uSell.com, and from major carriers, big box retailers, and manufacturers through its subsidiary, We Sell Cellular. These devices are then distributed globally, leveraging both a traditional sales force and an online marketplace where professional buyers of used smartphones compete to buy inventory in an on-demand fashion. Through participation on uSell's marketplace platforms and through interaction with uSell's salesforce, buyers can acquire high volumes of inventory in a cost effective manner, while minimizing risk.

Visit www.uSell.com and http://wesellcellular.com

Key Highlights:

  • Working capital increased from $5.6 million at December 31, 2015 to $6.8 million at March 31, 2016
  • Revenues increased by $20.3 million, or 948%, from $2.1 million for the three months ended March 31, 2015, to $22.5 million for the three months ended March 31, 2016
  • Loss from operations decreased $0.5 million, or 31%, from $1.5 million for the three months ended March 31, 2015, to $1.0 million for the three months ended March 31, 2016
  • Adjusted EBITDA, a non-GAAP financial measure, improved from a loss of $1.1 million for the three months ended March 31, 2015, to $0.4 million for the three months ended March 31, 2016
  • Adjusted EBITDA for the three months ended March 31, 2016, includes a $379,000 provision for slow moving and obsolete inventory, without which Adjusted EBITDA would have been slightly positive

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Investor Presentation All SEC Filings

Company Information

uSell.com, Inc.
171 Madison Avenue
17th Floor
New York, NY 10016

Issue Type: Common Stock
Sector: Services
Industry: Retail (Catalog and Mail Order)

Management

Daniel Brauser
Executive Chairman

Nikhil Raman
Chief Executive Officer

Jennifer Calabrese
Interim Chief Financial Officer


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Hayden IR
(917) 658-7878
hart@haydenir.com




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