Kogan.com posts first loss of $35.5m

Online retailer Kogan.com has experienced its first ever loss as a publicly listed company, losing $35.5 million.

Kogan.com's share price has dropped by 8.16 percentage points.

Founder and CEO of Kogan.com Ruslan Kogan has apologised stating they overbought stock during the pandemic which is now negatively affecting the businesses performance.

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