Online marketplace Overstock.com reported financial results for the quarter ended June 30, 2010 on Thursday. Overstock's revenue rose 32% in Q2, year-over-year, to $231.3 million. Gross profit rose 15% to $41.6 million, but the company had a net loss of $1.4 million versus net income of $319,000 in the second quarter of 2009.
Overstock derives revenue primarily from two sources: direct revenue and fulfillment partner revenue, including listing fees and commissions collected from products being listed and sold through the Auctions tab of its website as well as advertisement revenue derived from its cars and real estate listing businesses, and from advertising on its shopping pages.
Overstock.com will hold a conference call and webcast to discuss its financial results on August 9, 2010 at 3:00 pm Eastern. Link to more information.
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Online marketplace Overstock.com reported financial results for the quarter ended June 30, 2010 on Thursday. Overstock's revenue rose 32% in Q2, year-over-year, to $231.3 million. Gross profit rose 15% to $41.6 million, but the company had a net loss of $1.4 million versus net income of $319,000 in the second quarter of 2009.