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EcommerceBytes-NewsFlash, Number 1526 - April 27, 2007 - ISSN 1539-5065    1 of 4

Overstock.com Auctions GMV Down 42 Percent in Q1

By Ina Steiner
April 27, 2007

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Overstock.com reported on Wednesday its quarterly financial results for the first quarter ending March 31, 2007. Total revenue was $157.9 million, down 11 percent from the same period in 2006. Gross profits were $25.3 million, up 7 percent from the same period in 2006. Overstock said auction gross merchandise volume (GMV) was $4,695,000 for the first quarter of 2007 compared to $8,079,000 for the same period in 2006, a decline of 42 percent.

The average registrant acquisition cost for auctions was $0.35 for the quarter compared to $2.94 in the same period last year. Average customer acquisition cost for shopping was $24.58 for the quarter compared to $19.49 for the same period last year.

The company also announced it had completed the sale of its wholly owned subsidiary OTravel.com and has integrated Carfax Vehicle History Reports into its newly developed Cars Program (http://cars.overstock.com). The Carfax reports are available for free to anyone shopping for a used car on the site. Overstock.com will also identify automobiles that have only had one previous owner with a one-owner icon.


About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

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