Kogan.com (ASX:KGN) has announced its results for the six months ended December 31, 2022, saying it recorded its first positive Adjusted EBITDA month since July 2022.

Kogan.com says net cash (after loans and borrowing) grew to $74M, and inventories reduced to $98.3M (comprised of $84.1M in warehouse and $14.2M in-transit), down from $159.9M as at June 30, 2022.

The company also purchased Brosa, one of Australia's largest online luxury furniture retailers, out of administration.

It also reported its Group Active Customers were 3,323,000 (Kogan.com 2,550,000 and Mighty Ape 773,000).

Kogan.com's share price closed up 2.34% today.