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Segment Information (Tables)
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Summary of Reportable Segments

Information about the Company’s reportable segments are as follows (in thousands):

 

 

 

Three Months Ended September 30, 2019

 

 

 

Ecommerce

 

 

TDA

 

 

Wholesale

 

 

Consolidated

 

Revenues from external customers

 

$

178,113

 

 

$

103,106

 

 

$

59,054

 

 

$

340,273

 

Gross profit

 

$

8,774

 

 

$

6,650

 

 

$

247

 

 

$

15,671

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2020

 

 

 

Ecommerce

 

 

TDA

 

 

Wholesale

 

 

Consolidated

 

Revenues from external customers

 

$

221,761

 

 

$

37,272

 

 

$

63,972

 

 

$

323,005

 

Gross profit

 

$

19,304

 

 

$

2,798

 

 

$

3,343

 

 

$

25,445

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2019

 

 

 

Ecommerce

 

 

TDA

 

 

Wholesale

 

 

Consolidated

 

Revenues from external customers

 

$

388,921

 

 

$

281,603

 

 

$

165,705

 

 

$

836,229

 

Gross profit

 

$

21,823

 

 

$

18,830

 

 

$

875

 

 

$

41,528

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2020

 

 

 

Ecommerce

 

 

TDA

 

 

Wholesale

 

 

Consolidated

 

Revenues from external customers

 

$

630,501

 

 

$

150,901

 

 

$

170,469

 

 

$

951,871

 

Gross profit

 

$

40,789

 

 

$

9,144

 

 

$

1,506

 

 

$

51,439

 

Schedule of Reconciliation Between Reportable Segment Gross Profit to Consolidated Loss Before Provision for Income Taxes

The reconciliation between reportable segment gross profit to consolidated loss before provision for income taxes is as follows (in thousands):

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

Segment gross profit

 

$

15,671

 

 

$

25,445

 

 

$

41,528

 

 

$

51,439

 

Selling, general and administrative expenses

 

 

50,934

 

 

 

61,127

 

 

 

131,209

 

 

 

167,418

 

Depreciation and amortization

 

 

1,517

 

 

 

1,191

 

 

 

4,551

 

 

 

3,239

 

Interest expense

 

 

3,797

 

 

 

2,259

 

 

 

9,903

 

 

 

6,382

 

Interest Income

 

 

(1,190

)

 

 

(1,289

)

 

 

(4,454

)

 

 

(3,960

)

Revaluation of preferred stock warrant

 

 

373

 

 

 

 

 

 

515

 

 

 

20,470

 

Other income, net

 

 

(44

)

 

 

(26

)

 

 

(75

)

 

 

(111

)

Loss before provision for income taxes

 

$

(39,716

)

 

$

(37,817

)

 

$

(100,121

)

 

$

(141,999

)