RedEnvelope Inc. Announces Financial Results for the Second Quarter and Six Months Ended September 26, 2004

October 26, 2004 - RedEnvelope Inc. reported financial results for the second quarter and six months ended September 26, 2004. For the second quarter the company reported a net loss of $3,887,000 or $0.44 basic and diluted loss per share on revenue of $10,574,000 against a net loss of $2,826,000 or $6.56 basic and diluted loss per share on revenue of $8,329,000 for the same period a year ago. For the six months the company reported a net loss of $4,839,000 or $0.56 basic and diluted loss per share on revenue of $31,705,000 against a net loss of $4,043,000 or $10.39 basic and diluted loss per share on revenue of $26,050,000 for the same period a year ago.