April 22, 2005, 12:00 AM

Overstock.com reports a $4.2 million Q1 net loss

Overstock.com Inc., an online retailer of discount brand name merchandise, today reported a first quarter net loss of $4.2 million, compared to a net loss of $2.3 million in the year-earlier period.

Kurt Peters

Executive Editor

 

Overstock.com Inc., an online retailer of discount brand name merchandise, today reported a first quarter net loss of $4.2 million, compared to a net loss of $2.3 million in the year-earlier period. First quarter revenues totaled $165.9 million, up 102% from $82.1 million in 2004’s first quarter.

The company reported a gross profit of $24.9 million, a 194% increase from $8.5 million a year ago. The gross margin totaled 15%, up from 10.3% in 2004. Gross bookings, excluding auctions and travel, totaled $184.2 million, a 97% increase over $93.4 million a year earlier.

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