Financial Snapshot

Inventory risk remains a concern; net inventory rose 15.6 percent year over year to $132.2 million, while marketing expenses accounted for 10.2 percent of revenue in Q3. The company’s cash balance $229.4 million; it generated positive cash flow for repurchases. Insider activity was noted on June 16, when Chief Product and Technology Officer Anthony Bacos sold 70,000 shares (worth $290,177) but still holds 1,085,109 Class A shares.