Overstock.com (OSTK) Misses Q4 EPS by 39c, Revenues Beat

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Go back to Overstock.com (OSTK) Misses Q4 EPS by 39c, Revenues Beat

Overstock.com Reports Q4 2019 Results

March 13, 2020 8:01 AM EDT

Consolidated revenue of $370.9 million and net loss of $27.0 million

SALT LAKE CITY, March 13, 2020 (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 December 31, 2019.

Key metrics (Q4 2019 vs. Q4 2018):

  Revenue: $370.9M vs. $452.5M (18% decrease);
  Gross profit: $76.5M vs. $81.6M (6% decrease);
  Gross margin: 20.6% vs. 18.0% (261 basis point increase);
  Sales and marketing expense: $40.9M vs. $47.5M (14% decrease);
  G&A/Technology expense: $67.2M vs. $82.5M (19% decrease);
  Pre-tax loss: $29.8M vs. $49.9M ($20.1M improvement);
          Pre-tax loss - Retail:... More