Overstock.com (OSTK) Reports Q3 Loss of $0.89/Share
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Overstock.com Reports Q3 2019 Results
November 12, 2019 8:01 AM ESTConsolidated revenue of $347 million and pre-tax loss of $34.5 million;
Retail adjusted EBITDA of ($0.6) million
SALT LAKE CITY, Nov. 12, 2019 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ: OSTK), a tech-driven online retailer and advancer of blockchain technology, today reported financial results for the quarter ended September 30, 2019.
Key Metrics (Q3 2019 vs. Q3 2018):
Revenue: $347.1M vs. $440.6M (21% decrease);Gross profit: $69.5M vs. $86.7M (20% decrease);Gross margin: 20.0% vs. 19.7% (35 basis point increase);Sales and marketing expense: $34.2M vs. $55.3M (38% decrease);G&A/Technology... More