GSI Commerce Inc. beat the high end of its revenue guidance for the third quarter as well as the guidance it gave for the bottom line, but still posted a net loss. The company also announced on a conference call with analysts that it has an “unnamed sporting goods partner…scheduled to go live in early 2007” and that the NFL has moved its entire personalized jersey operation over to be managed by GSIC, which accounts for approximately 150,000 jerseys per year.

GSIC saw net revenues for the quarter increase 39.6% to $118.5 million from $84.9 million last year. Merchandise sales were $233.0 million in the third quarter, an 84% increase from $126.6 million in the same period last year. Sporting Goods accounted for 30% of merchandise sales, which was down from a 37% share last year, but still saw 51% growth over last year’s third quarter.

Despite the revenue increases, the company posted a net loss of $6.2 million, or 14 cents per share, widening from a net loss of $4.5 million, or 10 cents per share last year. Management pointed out they beat “net loss guidance by approximately $660,000 even as [the company] took combined charges of approximately $1.5 million.”

For the fourth quarter, net revenues are expected to be in the range of $235 million to $245 million with product sales up between 31% and 35% to a range of $177 million to $182 million. Net income is expected to be between $19.5 million and $20.5 million, increasing between 67% and 75%. For fiscal 2006, expect net revenues in the $587 million to $597 million range, increasing 33% to 36%, with product sales of $448 million to $453 million, or up 26% to 27%. Net income should be in the $5.5 million to $6.5 million range.