May 4, 2010, 5:21 PM

Overstock.com starts off the year with stronger sales and a profit

It was a good start to the year for Overstock.com Inc., which ended the first quarter with higher sales and a profit.

It was a good start to the year for Overstock.com Inc., which ended the first quarter with higher sales and a profit.

For the first quarter ended March 31, Overstock, No. 28 in the Internet Retailer Top 500 Guide, recorded:

  • An increase in sales of 42.3% to $264.3 million from $185.7 million in the first quarter of 2009.
  • Net income was $3.7 million compared with a net loss $4 million in the prior year.
  • Spending on sales and marketing increased year over year 5.1% to $14.3 million from $13.6 million. Sales and marketing spending accounted for 5.4% of total sales.
  • Spending on technology increased 2.2% to $13.9 million from $13.6 million in the first quarter of 2009. Technology expenses accounted for 5.3% of total revenue.
  • Spending on general and administrative expenses increased 8.0% to $14.9 million from $13.8 million in the first quarter of 2009. Technology expenses accounted for 5.6% of total revenue.
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