By  on February 22, 2010

Costs related to convertible notes prevented Bluefly Inc. from swinging to a fourth-quarter profit, but the New York-based Internet retailer was able to narrow its loss.

For the period ended Dec. 31, the net loss shrank to $148,000, or 1 cent a diluted share, from a loss of $1.4 million, or 10 cents a share, in the year-ago quarter. Most recent fourth-quarter numbers included $437,000 of noncash expenses related to its convertible notes.

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