WIX, the web design and digital content company that owns Wix and Wix.
The company’s latest earnings report is coming out today and the earnings call starts at 7pm ET.
We’ll have a full interview with Wix CEO Andrew Wix after the call, but in the meantime here’s some of the most interesting data from Wix’s latest financial results.
In Q1 of 2017, Wix reported revenue of $934 million and EPS of $0.19 per share.
The same quarter the company sold its first product: the Wix App.
The Wix app, like its competitors, is a mobile app that allows users to purchase items on Wix by scanning QR codes.
The app has been downloaded more than 13 million times and it has attracted more than 300 million users worldwide.
The new Wix business grew by 4% in Q1, from $2.6 billion to $3.9 billion, and its market share grew by 3% in that period, from 12% to 15%.
In the fourth quarter of 2017 the company reported a loss of $1.9 million.
Wix had $16 million in cash and $17 million in short-term investments in the fourth-quarter.
The company’s business model was to offer a marketplace for mobile app shopping.
That meant it had to monetize its app with ad revenue, which it did by using its existing revenue from the WIX app.
Wix paid $2 million in free advertising for the app in Q4.
For the third quarter of 2018, the company posted a net loss of approximately $5.5 million.
That was partially due to the decline in app revenue, the lower revenue from WIX’s existing stores and its increased expenses.
After the financial collapse in the US in December, WIX had to re-evaluate its business model.
The first quarter was the first time Wix had to make difficult decisions about the future of its business.
WIX said it would likely sell its Wix store business, which has been a critical part of the business, and move its focus to more secure stores, where customers can purchase more products.
The second quarter was also challenging.
At the time, Wixtop said it had $1 billion in cash reserves and was looking for additional capital to fund its growth.
It said that Wix could not generate enough revenue to support its expansion.
During the fourth and fifth quarters of 2018 Wix was not able to sustain its growth rate.
While Wix struggled with the financial crash, it also had to deal with an increasing number of competitors.
Wixtip had to close its doors after it had grown to become one of the largest online retailers in the world, but the company continued to grow its business by focusing on mobile apps.
As Wix grew, the brand itself changed.
It started selling apparel through WixShop.com and started offering a variety of other goods and services to customers through its online store.
“We have a lot of great brands and brands are making a lot more money,” said WixCEO Andrew Wizzles.
“We’re seeing brands like Amazon and Nike selling more and more products.”
WIX had a difficult year in 2018.
Its revenue declined by nearly 40% year-over-year, as did its market cap.
Wintip lost nearly $7 million, but it continued to expand its business and become a valuable source of revenue for WixStore.com, a company Wix created.
This year Wix will launch its new platform, WX, that will enable more people to buy products and services directly from Wixtips websites.
And if you want to get in on the Wixtap.com party, WXX has launched a new app for the new WIX.com.
You can sign up for WXX here.