Shares in global online marketplace Redbubble Ltd (ASX: RBL) are down a 5.2% to $1.63 at the time of writing after the release of its cash flow report for the quarter ended March 31, 2018.
While Redbubble reported an operating cash EBITDA loss of $500,000, the figure has improved by 75.9%, with revenue up 28.3% to $141.2 million and gross profit up 24.8% to $48.5 million.
But the company forked out a fair bit of cash over its higher seasonal cash outflows period, with operating expenses up 13.7%.
Rebubble reports its marketplace remains "healthy and vibrant" with top line growth driven by visitor number increases from mobile devices in particular and strong contribution from European markets.
Redbubble has reaffirmed a "high degree" of confidence for the final quarter with gross profit margins expected to lift the full year margin by around 35% and operating EBITDA for the FY18 expected to show significant improvement from FY17.
Investors seeking fast-growing e-commerce stocks may have turned their attention to the likes of online travel agency Webjet Limited (ASX: WEB) – up 2% to $10.93 at the time of writing – or retailer Kogan.com Ltd (ASX: KGN) whose shares are up 1.7% to $7.73.
