Overstock.com Reports Q3 2014 Results
Q3 2014 Revenue Growth of 17 Percent and Net Income of $1.6 Million
SALT LAKE CITY, Oct. 23, 2014 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (OSTK) today reported financial results for the quarter ended September 30, 2014.
Key Q3 2014 metrics (comparison to Q3 2013):
- Revenue: $353.0M vs. $301.4M (17% increase);
- Gross profit: $67.1M vs. $59.2M (13% increase);
- Gross margin: 19.0% vs. 19.6% (60 basis point decrease);
- Sales and marketing expense: $25.4M vs. $22.5M (13% increase);
- Contribution (non-GAAP measure): $41.6M vs. $36.7M (13% increase);
- G&A/Technology expense: $39.3M vs. $33.2M (18% increase);
- Pre-tax income: $2.0M vs. $3.6M ($1.6M decrease);
- Provision for income taxes: $413,000 vs. $91,000 ($322,000 increase);
- Net income: $1.6M vs. $3.5M ($1.9M decrease); and
- Diluted EPS: $0.07/share vs. $0.14/share ($0.07/share decrease).
As previously announced, the company will hold a conference call and webcast to discuss its Q3 2014 financial results Thursday, October 23, 2014, at 11:30 a.m. ET.