2023-07-27 06:03:31 ET
- Overstock.com press release ( NASDAQ: OSTK ): Q2 Non-GAAP EPS of -$0.02 beats by $0.07 .
- Revenue of $422.21M (-20.1% Y/Y) beats by $12.52M .
- CEO comment: “As we navigated an intensely competitive environment well with our asset-light business model, we were able to provide smart value to our customers, improve our year-over-year revenue trend, and deliver another quarter of positive adjusted EBITDA. Our balance sheet remains strong with over $300 million in net cash, setting us up well to execute the transformative re-branding of our furniture and home furnishings e-commerce business. We look forward to providing an update on our re-branding efforts and our second quarter 2023 performance during our earnings call.”
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Overstock.com Non-GAAP EPS of -$0.02 beats by $0.07, revenue of $422.21M beats by $12.52M