Beyond up after smaller-than-expected quarterly loss

Shares of e-commerce company Beyond BYON.N up 16% at $4.85 after the bell

Company reports Q1 adjusted diluted net loss of 42 cents per share, vs expectations of a loss of 54 cents/shr, according to data compiled by LSEG

With a newly right-sized cost structure, we believe we are within 60 days of transitioning to a revenue and gross profit growth playbook - Marcus Lemonis, principal executive officer

Company also reports quarterly revenue of $231.7 million, vs estimates of $288.2 million; cites previously disclosed decision to eliminate non-contributory SKUs and vendors

Average recommendation of nine analysts is "hold"; with a median PT of $11.50

As of Monday's close, stock down ~15% YTD