Overstock.com (OSTK) Posts Large $3.72 Loss as Revenues Fall 13%

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Overstock.com Reports Q4 and Fiscal Year 2017 Results

March 15, 2018 4:05 PM EDT

FY 2017 revenue of $1.7 billion (-3% growth) and pre-tax loss of ($47.7) millionQ4 2017 revenue of $456 million (-13% growth) and pre-tax loss of ($24.9) million

SALT LAKE CITY, March 15, 2018 (GLOBE NEWSWIRE) --  Overstock.com, Inc. (NASDAQ: OSTK) today reported financial results for the quarter and fiscal year ended December 31, 2017.

Dear Owners,

Your business has two sides: ecommerce and blockchain.

We announced on our last earnings call that we had engaged Guggenheim to consider strategic alternatives, one of them being a sale of our ecommerce assets. This... More